Paradigm

Quick read

Paradigm is a crypto-focused venture capital firm founded in 2018 and headquartered in San Francisco, with additional offices in New York and Washington, D.C. It manages over $10 billion and pairs deep technical research with active company-building. Originally a pure crypto shop, it has expanded its mandate to include AI and robotics.

Key facts

Founded

2018

Founders

Matt Huang, Fred Ehrsam

Employees

11-50

Sectors

crypto, ai

Website

www.paradigm.xyz

Investment thesis

Paradigm backs crypto, AI, and robotics companies from the earliest stages, combining original technical research with hands-on building alongside founding teams. The firm invests across all stages and geographies, targeting foundational infrastructure and protocols at the frontier of decentralized technology.

Recent activity

• Jul 2026fundraise
  Paradigm closed its fourth fund at $1.2 billion on July 8, 2026. Co-founders Matt Huang and Alana Palmedo announced the raise, targeting builders across crypto, AI, and robotics. The Wall Street Journal had reported in February 2026 that Paradigm sought up to $1.5 billion, making the final close $300 million below that ceiling. techcrunch.com
• Jul 2026investment
  Paradigm led a seed round for M1X Global, a company building infrastructure for tokenized US Treasuries. kucoin.com
• Jun 2026product
  Symbiotic, a Paradigm-backed restaking protocol, launched Liquid Lane — a liquidity network letting institutions swap tokenized real-world assets for stablecoins without waiting through redemption windows. usethebitcoin.com
• Apr 2026investment
  Paradigm joined a Series D round for True Anomaly, a space defense startup building systems for tracking and defending orbital assets, at a $2.2 billion valuation. angelinvestorsnetwork.com
• Apr 2026product
  Paradigm is developing a dedicated prediction markets trading terminal for professional traders and market makers, led by partner Arjun Balaji since late 2025. The firm has also considered an internal market-making desk for the category. usethebitcoin.com
• Apr 2026investment
  Paradigm led a $5.2 million seed round for Pixie Chess, a Web3 gaming project. tracxn.com
• Feb 2026product
  Paradigm partnered with OpenAI to launch EVMbench, a benchmark that tests AI agents on finding and patching smart contract vulnerabilities. kucoin.com
• Jan 2026investment
  Paradigm backed drone-logistics company Zipline at a $7.6 billion valuation, one of the fund's first disclosed non-crypto deployments. angelinvestorsnetwork.com
• Feb 2026product
  Paradigm collaborated with OpenAI on a new benchmarking tool, reflecting the firm's growing interest in AI-adjacent research alongside its crypto focus. livebitcoinnews.com
• 2026fundraise
  Paradigm is raising a new fund targeting $1.5 billion to back AI, robotics, and advanced technology startups — a significant expansion beyond its crypto-native mandate. The Wall Street Journal first reported the plans, citing financial documents and sources familiar with the matter. livebitcoinnews.com
• 2026press
  Co-founder Matt Huang confirmed the firm remains committed to crypto while simultaneously pursuing AI and robotics investments, with a focus on opportunities at the intersection of cryptographic systems and AI safety. cryptorank.io
• 2026product
  Paradigm opened applications for its 2026 Fellowship — a four-day, 30-person program in Northern California, with final decisions on fellows to be made by July 1, 2026. paradigm.xyz

Notable investments

• M1X GlobalSeedJul 2026kucoin.com
• True AnomalySeries DApr 2026angelinvestorsnetwork.com
• Pixie ChessSeedApr 2026tracxn.com
• ZiplineSeries HJan 2026tracxn.com
• KalshiSeries EDec 2025usethebitcoin.com
• SymbioticSeries A2025usethebitcoin.com
• Nous ResearchUnknown2024kucoin.com
• CrownSeries A2025x.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Fred Ehrsam · Co-Founder
  LinkedIn
• Matt Huang · Co-Founder & Managing Partner
  LinkedIn
• Daniel Robinson · General Partner
  LinkedIn
• Charlie Noyes · General Partner
• Dan Robinson · Head of Research
• Arjun Balaji · General Partner

Sources

• Paradigm — Official Website
• Paradigm — Team
• Paradigm — Crunchbase Profile
• Paradigm (venture capital firm) — Wikipedia
• Paradigm on X
• https://www.livebitcoinnews.com/crypto-vc-firm-paradigm-expands-investment-strategy-to-ai-and-robotics/
• https://cryptorank.io/news/feed/76a85-paradigm-ai-robotics-investment-expansion-2
• https://paradigm.xyz/fellowship-2026/
• https://techcrunch.com/2026/07/08/crypto-vc-firm-paradigm-raises-1-2b-to-invest-in-technical-frontier-startups/
• https://www.kucoin.com/news/flash/paradigm-raises-1-2-billion-for-ai-and-robotics-fund-in-2026
• https://usethebitcoin.com/crypto-personalities/arjun-balaji-paradigm-partner/
• https://angelinvestorsnetwork.com/venture-capital/paradigm-1-2-billion-crypto-vc-fund-technical-frontier
• https://tracxn.com/d/venture-capital/paradigm/__dJjrG1JPZEzGD7wwgcWMAvlWMDNFLBTpak3RSeRIwSs

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Frequently asked