Paradigm

VC · San Francisco (United States)

VC

Pre-Seed

Seed

Cloud/SaaS

Fintech

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About

Paradigm is a research-driven venture capital firm specializing in the cryptocurrency and blockchain sectors. Founded in 2018 by Fred Ehrsam, co-founder of Coinbase, and Matt Huang, former partner at Sequoia Capital, Paradigm focuses on supporting innovative crypto/Web3 companies and protocols from their earliest stages. The firm employs a flexible, long-term, multi-stage, and global investment approach, often engaging with projects at inception and providing ongoing support as they evolve. Paradigm's hands-on involvement spans technical aspects such as mechanism design, smart contract security, and engineering, as well as operational areas like recruiting and regulatory strategy. The firm's portfolio includes notable investments in companies like Uniswap, FTX, BlockFi, Maker, and Sky Mavis. In June 2024, Paradigm raised $850 million for its third fund, dedicated to early-stage crypto projects, underscoring its commitment to advancing the cryptocurrency industry. Additionally, Paradigm launched the Policy Lab in September 2023, a platform aimed at producing research and advocacy on critical policy issues affecting the crypto ecosystem.

Investment Criteria

Other investors that have backed the same portfolio companies as Paradigm. Expand any entry to see the shared portfolio companies.

• a16z

  21 shared

  Shared portfolio companies

  • Bitcipher Labs LLP
  • Compound Labs, Inc.
  • DeFi Ltd.
  • dYdX Foundation
  • Fractal.is
  • Kalshi Inc.
  • Keep Network
  • Lightspark Group, Inc.
  • MakerDAO
  • OP Labs PBC
  • Ozone Networks, Inc.
  • Phantom Technologies, Inc.
  • Reflexer Labs, Inc.
  • Royal Markets Inc.
  • Royal Schedule AB
  • SKY Mavis PTE. Ltd.
  • Smelt Technologies Inc.
  • Spilsbury Holdings Limited
  • The Fractional Token Company
  • Universal Navigation Inc.
  • Yield Inc.
• Sequoia Capital

  11 shared

  Shared portfolio companies

  • Citadel Securities LLC
  • EDX Markets LLC
  • Euclid Labs, Inc.
  • Fireblocks Inc.
  • FTX Trading Ltd.
  • Harmonic
  • Horkos, Inc.
  • Kalshi Inc.
  • Phantom Technologies, Inc.
  • StarkWare Industries Ltd.
  • West Realm Shires Inc.
• General Catalyst

  9 shared

  Shared portfolio companies

  • Agora Atlas Corp
  • Blast
  • Coinbase Global, Inc.
  • Exponential DeFi Inc.
  • Hyperliquid
  • Kalshi Inc.
  • Monad Labs, Inc.
  • MoonPay Inc.
  • O(1) Labs Operating Corporation
• SV Angel

  7 shared

  Shared portfolio companies

  • Coinbase Global, Inc.
  • FTX Trading Ltd.
  • Kalshi Inc.
  • Limit Break Inc.
  • Spilsbury Holdings Limited
  • Tagomi Systems Inc.
  • Universal Navigation Inc.
• Hashed

  6 shared

  Shared portfolio companies

  • dYdX Foundation
  • InterChain Foundation Ltd.
  • Jambo
  • MakerDAO
  • SKY Mavis PTE. Ltd.
  • Synthetix Pty Ltd
• Lightspeed Venture Partners

  6 shared

  Shared portfolio companies

  • BetDEX Labs, Inc.
  • Euclid Labs, Inc.
  • FTX Trading Ltd.
  • Matrixport Technologies Ltd.
  • Standard Economics
  • West Realm Shires Inc.
• Stake Capital

  6 shared

  Shared portfolio companies

  • DeFi Ltd.
  • dYdX Foundation
  • Ozone Networks, Inc.
  • SKY Mavis PTE. Ltd.
  • StarkWare Industries Ltd.
  • Synthetix Pty Ltd
• Fabric Ventures

  5 shared

  Shared portfolio companies

  • Argent Labs Limited
  • Coinbase Global, Inc.
  • Flashbots Ltd.
  • Keep Network
  • SKY Mavis PTE. Ltd.
• Founders Fund

  5 shared

  Shared portfolio companies

  • Ozone Networks, Inc.
  • Royal Markets Inc.
  • Royal Schedule AB
  • StarkWare Industries Ltd.
  • Tagomi Systems Inc.
• Alumni Ventures

  4 shared

  Shared portfolio companies

  • BabylonChain, Inc.
  • Mesh Connect, Inc.
  • PraxisSociety
  • Spilsbury Holdings Limited