Paradigm Raises $1.2B Fourth Fund, Expands Into AI
Paradigm's $1.2B fourth fund broadens beyond crypto into AI and robotics, joining Framework Ventures and Haun Ventures in widening their scopes.
Paradigm has raised its fourth fund, a $1.2 billion pool that will invest across crypto, AI, robotics, and other frontier technology startups, marking the firm's formal expansion beyond digital assets.
What's the Scoop?
- Beyond Crypto: Paradigm said it will continue backing crypto companies while expanding into AI, robotics, and other frontier technologies. Its existing non-crypto bets include drone delivery company Zipline, manufacturing platform SendCutSend, space defense startup True Anomaly, and AI research company Nous Research. Its crypto portfolio includes Hyperliquid, Tempo, and Kalshi.
- Open-Source Focus: The firm also said it will keep funding open-source research. In crypto, that includes developer tools like Foundry and Reth. In AI, it has backed projects including Centaur, an agent tool, and EVMbench, a smart contract security research effort with OpenAI.
- The Bigger Picture: Paradigm is part of a broader shift among crypto venture firms moving into adjacent sectors. Framework Ventures' $400 million fourth fund and Haun Ventures' $1 billion fund also added areas like AI and robotics to their scope.
- About Paradigm: Founded in 2018 by former Sequoia Capital partner Matt Huang and
Coinbase co-founder Fred Ehrsam, Paradigm is one of the largest crypto VCs. It managed nearly $12 billion in assets at the end of 2025, including university endowments, as the Block reports.
David Christopher
David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
