āļø Paradigm is negotiating to raise up to $850 million for a new crypto fund.
š¢ According to Bloomberg, the venture firm Paradigm is in talks with investors to raise between $750 million and $850 million for a new investment fund.
š° If the amount reaches $750 million, this fund will become the largest since the crypto market crash in May 2022.
š Previously, in November 2021, Paradigm had already created a venture fund of $2.5 billion specifically for cryptocurrency companies. However, not all bets paid off, as by early 2022 the firm had invested $278 million in the FTX exchange, which subsequently went bankrupt.
