Paradigm is a San Francisco-based frontier technology venture capital firm founded in 2018 that builds and invests across crypto, AI, robotics, and other emerging technologies from the earliest stages through growth. The firm has raised a $1.2 billion latest fund (2026) and manages approximately $12.7 billion in total assets under management.
44% of their portfolio is in Crypto & Web3. Deal activity increased 83% year-over-year (11 deals in the last 12 months). Average disclosed round size is $116.0M (across 143 rounds with reported amounts).
Portfolio
122
Fund Size
$1.2B
Top Stage
Series A
Last 12 Mo
11
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
168 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| AAntares Nuclear | Series C | — | Jul 2026 |
| MM1X Global | Seed | $8.5M | Jul 2026 |
 Morpho | Unknown | $175M | Jun 2026 |
 Zipline | Series H | $800M | Mar 2026 |
 Mesh | Series C | $75M | Jan 2026 |
 Morpho | Unknown | $175M | Jan 2026 |
 Axiom | Series A | $20M | Jan 2026 |
 ZODL | Seed | $25M | Jan 2026 |
 Pixie Chess | Seed | $5.2M | Jan 2026 |
 Idler | Seed | $9M | Jan 2026 |
 Kalshi | Series F | $1B | Jan 2026 |
| KKalshi Prediction market platform | Series F | $1B | Jan 2026 |
| Kalshi | Series E | $1B | Dec 2025 |
| Kalshi | Growth | — | Dec 2025 |
 Antares | Series C | $96M | Dec 2025 |
 Standard Economics | Seed | $9M | Oct 2025 |
 Plural | Seed | $7M | Sep 2025 |
 Etherealize | Series B | $40M | Sep 2025 |
| Kalshi | Series D | — | Jun 2025 |
 Thousands | Unknown | $9M | Jun 2025 |
 Wildcard | Unknown | $9M | Jun 2025 |
 Reddio | Series A | — | May 2025 |
| Mesh | Series B | $82M | Mar 2025 |
 SignalPlus | Series B | $11M | Jan 2025 |
 N3XT | Unknown | $72M | Jan 2025 |
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Top Co-Investors
Sequoia Capital21 shared
Coinbase Ventures20 shared
Dragonfly17 shared
Ribbit Capital15 shared
Andreessen Horowitz15 shared
Polychain Capital14 shared
Y Combinator11 shared
Multicoin Capital10 shared
a16z crypto10 shared
Tiger Global Management, LLC10 shared
Animoca Brands10 shared
Electric Capital9 shared
Variant9 shared
Hack VC8 shared
Wintermute Ventures8 shared
Bain Capital Ventures7 shared
Coatue Management LLC6 shared
General Catalyst6 shared
Insight Partners5 shared
Founders Fund5 shared
Last updated: 7 October 2026