Paradigm

Venture capital firm
San Francisco, California, USAFounded 2018$11.9B AUMwww.paradigm.xyzSee connections →Compare with Haun Ventures

Frontier technology investment firm backing founders in crypto, AI, robotics, and emerging sectors from earliest stages.

At a glance

Paradigm appears in 6 funding rounds tracked by ValueAddVC since 2025, leading 3. Its most frequent sector in these rounds is Fintech & Crypto, and its most recent tracked deal was Fab2's $500M Series A round (Sep 9, 2026). ValueAddVC also tracks 3 funds managed by Paradigm.

Strategy

Stages
Pre-SeedSeed
Sectors
CryptoAIRobotics
Geographies
USASan Francisco, California, USA
Check size
$1M-$100M

Recent changes

  1. Sep 9, 2026Invested in Fab2 (Series A, $500M) WOWTALE
  2. Sep 5, 2026Stages updated: Pre-Seed, Seed paradigm.xyz
  3. Sep 5, 2026Sectors updated: Crypto, AI, Robotics paradigm.xyz
  4. Jul 27, 2026Invested in Antares (Series C, $370M) TechCrunch
  5. Jul 8, 2026New fund: Paradigm Fund IV ($1.2B) paradigm.xyz
Earlier changes (6)
  1. May 7, 2026Follow-on: Invested in Kalshi (Series F, $1B) TechCrunch
  2. Apr 28, 2026Invested in True Anomaly (Series D, $650M) Tech Funding News
  3. Dec 2, 2025Invested in Kalshi (Series E, $1B) Kalshi
  4. Apr 25, 2025Invested in Nous Research (Series A, $50M) SiliconANGLE
  5. Dec 14, 2021New fund: Paradigm Opportunities Fund SEC EDGAR Form D
  6. Oct 26, 2018New fund: Paradigm Fund SEC EDGAR Form D

Funds

3
FundVintageSizeStrategySource
Paradigm Fund IV2026$1.2BFlagshipFrontier technology (crypto, AI)
As of Jul 8, 2026paradigm.xyz
Paradigm Opportunities Fund2021—Opportunity
As of Feb 29, 2024SEC EDGAR Form D
Paradigm Fund2018—Flagship
As of Dec 5, 2025SEC EDGAR Form D

Portfolio

14 total

Recent Investment Activity

6

Track record: led 3 and participated in 3 of 6 tracked venture rounds · 5 in the last 12 months · led 1 Series C, 1 Series E, 1 Series A

DateCompanyEventRoleAmountValuationInvestorsSource
Sep 9, 2026Fab2Series AParticipated$500M$3.7BWOWTALE
Jul 27, 2026AntaresSeries CLed$370M—Pulse story
May 7, 2026KalshiSeries FParticipated$1B$22BTechCrunch
Apr 28, 2026True AnomalySeries DParticipated$650M—
Eclipse VenturesunverifiedRiot VenturesunverifiedParadigmunverifiedAtreides ManagementunverifiedG Squaredunverified
Tech Funding News
Dec 2, 2025KalshiSeries ELed$1B$11BKalshi
Apr 25, 2025Nous ResearchSeries ALed$50M—SiliconANGLE

Sector / Stage Activity

By sector (portfolio)
AI infra
4 · 29%
Crypto
3 · 21%
Semiconductors
2 · 14%
Fintech
2 · 14%
Nuclear
1 · 7%
Infrastructure
1 · 7%
Defense
1 · 7%
By stage (tracked rounds)
Series A
2 · 33%
Series C
1 · 17%
Series F
1 · 17%
Series D
1 · 17%
Series E
1 · 17%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Latest Pulse

  1. Antares Raises $470M For Military Nuclear MicroreactorsAntares raised a $470 million Series C -- $370 million equity plus $100 million debt -- co-led by Paradigm and Caffeinated Capital, after achieving initial criticality on its Mark-0 compact nuclear reactor under a DOE pilot program.→
  2. Antares Nuclear Raises $470M For Military MicroreactorsAntares Nuclear raised a $470 million Series C led by Paradigm and Caffeinated Capital to deploy small nuclear microreactors that can power US military bases independent of the civilian grid by 2028.→
  3. Crypto VC Paradigm Raises $1.2B for AI, RoboticsCrypto-focused VC firm Paradigm raised a $1.2 billion fund to expand beyond its blockchain roots into AI and robotics, its third venture fund and fourth overall.→
  4. Crypto VC Paradigm Raises $1.2B for AI and RoboticsParadigm, the crypto-focused VC firm founded by Matt Huang and Fred Ehrsam, raised $1.2 billion for a new fund that explicitly broadens its mandate into AI and robotics alongside crypto and fintech.→

Paradigm FAQ

What is Paradigm's latest fund?

Paradigm Fund IV, announced at $1.2B (As of Jul 8, 2026; paradigm.xyz).

What companies has Paradigm invested in?

Paradigm's portfolio includes Arena, Nous Research, Axiom Solutions, MoonPay, Fab2, Kalshi, and 8 more tracked companies.

Who does Paradigm co-invest with most?

In the rounds Value Add tracks, Paradigm most often invests alongside Andreessen Horowitz (2 shared deals), Hanwha Asset Management (2 shared deals), Khosla Ventures (2 shared deals), Menlo Ventures (2 shared deals), Riot Ventures (2 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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