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Paradigm raises about $1.2 billion for crypto and frontier tech fund

Paradigm raises about $1.2 billion for crypto and frontier tech fund

Crypto venture firms are widening beyond digital assets as Paradigm, Framework Ventures and Haun Ventures raise new funds while overall crypto VC activity slowed sharply in the first quarter of 2026.

Fact Check
The core claim—that Paradigm is raising a new fund spanning crypto, AI, robotics and frontier tech, broadening beyond digital assets—is directly confirmed by the originating WSJ exclusive and corroborated by Cointelegraph and Ventureburn. The specific target figure reported by all primary sources is 'up to $1.5 billion,' which matches the claim's content. The '$1.2 billion' in the claim title likely reflects a reported soft-commitment or partial-raise figure but does not contradict the substance; the fund size and scope are consistent across independent sources.
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Summary

Paradigm has raised about $1.2 billion for its fourth fund, below both its 2021 $2.5 billion crypto vehicle and the $1.5 billion target reported earlier this year, while broadening its mandate beyond digital assets to AI, robotics, space, energy and other frontier or deep-tech areas. The move comes amid a wider shift among crypto-native venture firms seeking exposure to faster-growing adjacent sectors. Bloomberg reported that Framework Ventures has closed a $400 million fund and Haun Ventures has raised $1 billion, adding to signs that crypto-focused investors are expanding their remit. Even as fundraising continues, deal activity has cooled: Galaxy Research said crypto venture capital deployed about $4 billion across 355 deals in the first quarter of 2026, down about 50% from the previous quarter.

Terms & Concepts
  • deep tech: Advanced science-based emerging technologies.
  • crypto venture capital: Investment funding for startups building in digital-asset and related technology markets.