BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Paradigm seeks to raise up to $850M for new fund: Bloomberg

Paradigm is reportedly in talks to raise nearly a billion dollars for a new fund. 



Bloomberg first reported the news, citing sources familiar. The fund is seeking to raise $750 to $850 million. 



Paradigm’s fund, if it raises $750 million or more, would be the largest one since crypto crashed in 2022. Prior to the depegging of Terra’s stablecoin and the collapse of FTX, Paradigm raised a $2.5 billion fund in 2021.  



The new fund comes as Paradigm continues to invest in the crypto space. Late last month, Paradigm led a $55 million Series A seed round for Succinct. 



Last year, Fred Ehrsam announced that he was moving to a general partner role from managing partner. Ehrsam founded Paradigm alongside Matt Huang in 2018. Huang, in turn, took on more of a leadership role, the firm said at the time. 



Ehrsam founded Coinbase alongside Brian Armstrong. 



Huang was a notable witness in the trial of Sam Bankman-Fried back last year. Huang testified that Paradigm invested $278 million in FTX and FTX.US. Huang said he voiced concerns over the lack of a traditional corporate governance model but Bankman-Fried was “resistant” to name investors like Paradigm to board seats.



Outside of investments, Paradigm announced last September that it was launching a public policy arm focused on policymaking in the US. 



The Policy Lab was designed to provide research to “guide policy decisions,” the company’s special counsel, Rodrigo Seira, said at the time.







Don’t miss the next big story – join our  free daily newsletter .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Paradigm seeks to raise up to $850M for new fund: Bloomberg


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



Dokky PRO - Bookcase Shop Script