Paradigm Fund III | 2018 VC Fund

Paradigm

cb Email

Status

ACTIVE

Global HQ

San Francisco, United States

Countries of investment

United States
United Kingdom
Canada
Singapore
Cayman Islands
British Virgin Islands
Switzerland
Germany
France
Israel
South Korea

Investment stages

Pre-Seed
Seed
Series A
Series B
Series C
Growth

Industries

Cryptocurrency
Blockchain
Web3
DeFi
Artificial Intelligence
Robotics
Frontier Technology
Open Source
Ethereum
Layer 2

About
Paradigm is a San Francisco-based venture capital firm focused on backing frontier technology founders from first check through public markets. Their focus spans cryptocurrency, blockchain, AI, robotics, and open-source infrastructure across the United States, United Kingdom, Canada, Singapore, Cayman Islands, British Virgin Islands, Switzerland, Germany, France, Israel, and South Korea. The firm supports frontier tech founders from pre-seed through growth stages.

Min check size: $1M
Max check size: $100M
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Investment Thesis

Paradigm is a pre-seed to growth stage venture capital firm deploying capital across cryptocurrency, blockchain, artificial intelligence, robotics, and frontier technology sectors. They invest from first check through public markets, dedicating substantial resources to hands-on research, engineering, and protocol development alongside portfolio companies. The firm differentiates itself as builders and investors combining deep technical research with open-source software development, having backed category-defining protocols including Uniswap, Ethereum, Optimism, and OpenAI.

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Manager's Experience

Founded in June 2018 by Matt Huang (Managing Partner) and Fred Ehrsam (Co-founder, stepped back from managing partner role in October 2023). Matt Huang previously served as Partner at Sequoia Capital where he led the firm's crypto investments. Fred Ehrsam is Coinbase co-founder. Alana Palmedo joined four weeks after founding to manage compliance and finance. Investment team includes Charlie Noyes, Arjun Balaji, Casey Caruso, Ike Lee, Dan Robinson, and Georgios Konstantopoulos. The firm operates as both a research-driven investment firm and technology company, building open-source software including Foundry, Reth, and other Ethereum development tools. Manages $12.7B AUM as of April 2025, having raised the largest crypto-related VC fund in history at $2.5B for Paradigm One in November 2021.