Crypto VC Firm Paradigm Raises $1.2B for Third Investment Fund

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Paradigm, a venture capital firm focused on cryptocurrency startups, has successfully raised $1.2 billion for its third fund. The firm was originally founded in 2018 with a mandate to back early-stage crypto companies. The new fund, dubbed Fund III, signals continued institutional appetite for crypto-focused venture investment. Paradigm has indicated the capital will be directed toward startups operating at the technical frontier of the industry.

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