Paradigm Raises $1.2 Billion for Fourth Venture Fund

Paradigm, a crypto-focused venture capital firm co-founded by Matt Huang, said Wednesday it raised $1.2 billion for its fourth fund to invest across crypto, artificial intelligence and robotics.

Huang announced the raise in a post on his official X account, writing the new vehicle will fund investing and building "in crypto, AI, robotics, and other areas of the technical frontier." The post did not name limited partners, disclose a first-close date, or specify how the $1.2 billion will be split across sectors.

The fourth fund extends Paradigm's mandate beyond its original crypto-only focus. On its website, the firm describes itself as "a frontier technology investment firm that builds and invests in crypto, AI, robotics, and across new frontiers from the earliest stages," language that mirrors Huang's announcement and signals the firm is formalizing a shift toward AI and robotics alongside its digital-asset bets.

Paradigm has been one of the more active venture investors in crypto infrastructure in recent years, and also builds developer tools such as the Foundry testing framework and the Reth Ethereum client. The new fund gives the firm fresh capital to deploy into that ecosystem alongside AI and robotics startups, a pairing several crypto-native VCs have increasingly pursued as they chase compute and machine-learning infrastructure deals.