The new fund is smaller than both its 2021 predecessor and its reported $1.5 billion target, while widening its remit beyond crypto to AI, robotics, space, energy and deep tech.
Paradigm has raised $1.2 billion for its fourth fund, a sharp reduction from the $2.5 billion fund it closed in 2021 and $300 million below its original $1.5 billion target. Despite the smaller pool of capital, the firm is broadening its investment focus from a single-track crypto strategy to include AI, robotics, space, energy and deep tech. The shift points to a more diversified approach at a time when venture capital funding conditions remain uneven across digital assets and adjacent frontier technologies. The source also places the fundraising in a wider market context, noting that global venture capital totaled 51 billion in the first half of the year.