Crypto venture capital firm Paradigm has hinted at plans to raise up to $850 million for a new fund, marking a major comeback since the unfortunate crypto winter that hit the industry in 2022.
Crypto VC Funding Getting New Lease of Life
Paradigm, a Venture Capital firm founded by Coinbase Global Inc. co-founder Fred Ehrsam and ex-Sequoia Capital Partner Matt Huang, claimed to be in conversations with potential investors about raising between $750 million – $850 million. 
Before the crypto winter, the crypto-based VC was reckoned as one of the biggest players in the thriving industry. If the funding round is successful, even at the lower end of the range, it will be the largest the industry has seen since the crypto winter.
Notably, May 2022 was a crucial point for crypto VC fund raising as Andreessen Horowitz (a16z) secured up to $4.5 billion in funds. Even Paradigm raised $2.5 billion fund in 2021. However, the euphoria of these VC funding was shortlived as there was a steep downtu

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