Casey Caruso, a former investment partner at Paradigm, has launched a new venture firm, Topology, with a $75 million fundraise. Announced on Dec. 12, Topology aims to support founders pushing the boundaries of innovation. Caruso, who has a rich background in crypto investments, previously worked at Paradigm and Bessemer Venture Partners. The fund's backers include Cendana Capital, Accolade Partners, and notable figures like Marc Andreessen and Paris Hilton. Despite a 17% drop in crypto VC funding, early-stage ventures like Topology remain a key focus, making up 85% of recent investments.