Paradigm — 2021 Investments

AI Arena is a player-vs-player fighting game by ArenaX Labs in which players train AI characters that battle autonomously.

Brandon Da Silva(Founder)Wei Xie(Founder)

Co-investorsSESevenX VenturesFRFramework Ventures

Aztec is a Layer 2 blockchain network on Ethereum that enables programmable privacy for decentralized applications through client-side zero-knowledge proofs and a dual state architecture.

Crypto & Web3CybersecurityDeveloper ToolsLondon, GB

ZacTPThomas Pocock(Founder)inZWZachary Williamson(Founder)inASArnaud Schenk(Founder)inJoe Andrews(Founder)inThomas Walton-Pocock(Founder)

Co-investorsA.A.Capital VenturesA1a16z cryptoALAlumni VenturesANAndreessen HorowitzCOCoinbase VenturesCOCoinList+22 more

BetDEX is a Solana-based decentralised sports betting exchange founded by former FanDuel executives.

Claymont, US

NENigel Eccles(Founder)Varun Sudhakar(Founder)Stuart Tonner(Founder)

Co-investors6T6th Man VenturesLILightspeed Venture PartnersMAMantis CapitalMUMulticoin CapitalRYRyze LabsEVEverblue Management+2 more

Chainalysis provides investigative services and training programs for cryptocurrency compliance and risk mitigation.

AI & Machine LearningCrypto & Web3CybersecurityData & InfrastructureFintechNew York, US

JLJonathan Levin(Founder)inMichael Gronager(Founder)inJan Møller(Founder)inRARakib Azad(Executive Officer)in

BoardPBPhilippe Botteri(Director)inSTSarah Tavel(Director)in

Co-investorsACAccelADAdditionALAlbionVCARArchetypeBLBlackstoneBNBNY Mellon+36 more

CoinSwitch provides cryptocurrency trading, investing, and staking services for high-net-worth individuals and institutional investors in India.

Crypto & Web3FintechIndia, IN

ASAshish Singhal(Founder)inVimal Sagar Tiwari(Founder)inGovind Soni(Founder)

Co-investorsA1a16z cryptoANAndreessen HorowitzCOCoinbase VenturesPEPeak XV PartnersRIRibbit CapitalTITiger Global Management

The dYdX Operations subDAO is a decentralized autonomous organization that manages legal contracts, community infrastructure, and governance operations for the dYdX Chain through the Digital Operations Foundation, a Cayman Islands-based entity.

Crypto & Web3FintechCayman Islands, KY

Co-investorsKIKindred Ventures1C1confirmationANAndreessen HorowitzDEDeFiance CapitalELElectric CapitalKRKronos Research+4 more

Euler is a modular lending platform that enables users to create custom lending vaults and allows those vaults to serve as collateral for other vaults through its Ethereum Vault Connector.

Crypto & Web3Fintech

Michael Bentley(Founder)

Co-investorsCOCoinbase VenturesEQEquilibrium VenturesHAHaun VenturesKYKyros VenturesLELemniscapTQTq Ventures Llc+4 more

Genesis Digital Assets builds and operates data center infrastructure for high-performance computing workloads.

Cloud ComputingData & InfrastructureDeep TechEnergy

Marco Streng(Founder)inAbdumalik Mirakhmedov(Founder)Andrey Kim(Founder)Marco Krohn(Founder)Rashit Makhat(Founder)

Co-investorsELElectric CapitalNYNYDIGRIRibbit CapitalSKSkyBridge Capital

Gitcoin operates a directory and knowledge base for funding mechanisms, platforms, and research in decentralized networks, Ethereum, and public goods.

Crypto & Web3Data & InfrastructureGovTechLafayette, US

KOKevin Owocki(Founder)KOKevin O.(Founder)inKyle Weiss(Executive Officer, Director)Scott Moore(Founder)Vivek Singh(Founder)

BoardMichael Kriak(Director)in

Co-investorsBOBootNodeCOConsenSys MeshDIDivergenceFEFenbushi CapitalHTHTX Ventures (ex Huobi Ventures)IDIDEO CoLab Ventures+7 more

Lido is a liquid staking protocol for Ethereum that allows users to stake ETH and earn rewards while maintaining liquidity through the stETH token.

Crypto & Web3Fintech

Vasily Shapovalov(Founder)Konstantin Lomashuk(Founder)Vasiliy Shapovalov(Founder)

Co-investorsA1a16z cryptoAEAegis VentuesANAndreessen HorowitzBRBR CapitalCOCoinFundDEDeepTech Ventures+20 more

Mavis is a national chain of automotive service centers providing tire sales, oil changes, brake repair, batteries, alignments, suspensions, exhaust work, and vehicle maintenance for consumers across the U.S. and Canada through over 3,500 owned and franchised locations.

ConsumerMobility & TransportationRetail TechWestchester County, US

Marion SorbaroVictor SorbaroDavid SorbaroinStephen Sorbaroin

Co-investorsBABayPineRXRx3 Growth Partners50500 GlobalACAccelANAndreessen HorowitzANAnimoca Brands+5 more

MoonPay provides infrastructure for buying, selling, and trading cryptocurrencies using standard payment methods such as cards and digital wallets, as well as tools for stablecoin management.

Crypto & Web3FintechDover, US

ISIvan Soto-Wright(Founder)inVFVictor Faramond(Founder)AHAsiff Hirji(Executive Officer, Director)inMaximilian Crown(Executive Officer, Director)

Co-investors1/1/1 CapitalALalphabet angelsARArchetypeBLBlossom CapitalBRBroadLight CapitalCHChapter One+24 more

Opyn provides a permissionless decentralized finance protocol for deploying perpetual futures markets on any ERC-20 token pair, with features including automated market making vaults, portfolio margin, and support for linear, stable, and option-like perps.

Crypto & Web3Fintech

AGAlexis Gauba(Founder)inAparna Krishnan(Founder)ZKZubin Koticha(Founder)in

Co-investors1K1k(x)1K1kxA.A.Capital VenturesCOCoinbase VenturesDIDivergenceP1P101 Ventures+6 more

Opyn provides a healthcare technology platform that unifies benefits, care navigation, virtual care, price transparency, provider intelligence, and service automation for health plan members, providers, and the administrative teams that support them.

AI & Machine LearningDigital HealthHealthtechSaaS

Co-investorsARArtis Ventures1K1kxA.A.Capital VenturesCOCoinFundDRDragonflyDTDTC Capital+2 more

Parallel is headcount planning software that helps SaaS startups model the full financial impact of hiring decisions, tracking salary, benefits, taxes, and other costs against runway and revenue projections.

Enterprise SoftwareFintechHR TechSaaS

CSClint Savage(Co-founder)inTSTyler Slater(Co-founder)in

Co-investorsPAPath VenturesPEPenny Jar Capital VentureSESequoia Capital

Parallel builds infrastructure for AI agents to access, reason over, and transact with web data through declarative interfaces and open, verifiable markets.

AI & Machine LearningData & InfrastructureDeveloper ToolsSan Francisco, US

PAParag Agrawal(Founder)inTravers Nisbet(Founder)in

Co-investorsABAbstract VenturesAUAudaciousFIFirst Round CapitalINIndex VenturesKHKhosla VenturesKLKleiner Perkins+6 more

Reflexer Finance develops a decentralized stable asset that operates independently from traditional fiat currencies, built on blockchain technology.

Crypto & Web3FintechWilmington, US

Stefan-Codrin Ionescu(Executive Officer, Director)Ameen Soleimani(Founder)Stefan Ionescu(Founder)

Co-investorsBLBlockchain CoinvestorsPAPantera CapitalSTStandard CryptoARArbor VenturesCACaffeinated CapitalFAFabric Ventures+8 more

Royal is building products at the intersection of music and cryptocurrency to create economic opportunities for both musicians and listeners.

Crypto & Web3Media & Entertainment

JD Ross(Founder)Justin Blau(Founder)

Co-investorsA1a16z cryptoANAndreessen HorowitzBABackwards CapitalCOCoinbase VenturesCRCrush VenturesLILitquidity Ventures+6 more

SentiLink provides fraud detection and identity verification products and data solutions for financial institutions and businesses.

AI & Machine LearningCybersecurityData & InfrastructureFintechSan Francisco, US

Max(Co-founder)MBMaxwell Blumenfeld(Founder)inNHNaftali Harris(Founder)inMax Blumenfeld(Founder)

Co-investorsANAndreessen HorowitzCRCraft VenturesFEFelicis VenturesFIFifth Down CapitalFLFlexcap VenturesNENew York Life Ventures+30 more