According to Foresight News, Matt Huang, co-founder of crypto investment company Paradigm, tweeted that Paradigm has completed the raising of a new fund of US$850 million, which will focus on early-stage crypto projects.
Foresight News previously reported that Bloomberg, citing people familiar with the matter, reported that Paradigm is in talks with investors to raise $750 million to $850 million for a new fund. Paradigm launched a $2.5 billion fund in 2021. Last September, The Information reported that Paradigm planned to raise a $1 billion fund.
