Crypto Venture Capital Firm Paradigm Looking to Raise Up to $850M for New Fund: Bloomberg

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Crypto Venture Capital Firm Paradigm Looking to Raise Up to $850M for New Fund: Bloomberg
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Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets

The crypto-related venture capital firm Paradigm is looking to raise between $750 and $850 million for a new fund,Bloomberg said if the deal is completed at the lower end of the range, it would still mark the industry's biggest since the recent crypto winter slump.$2.5 billion

The report comes as the crypto industry is enjoying a bull run that started after spot bitcoin exchange-traded funds were given the green light by the SEC to trade in the U.S. The crypto venture capital landscape has also seen an uptick in the funding of projects in the recent months as VC funding for crypto projects surged 52.5% month-over-month in March, according toin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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