Paradigm raised a $1.2 billion Fund III to invest in technical‑frontier startups. The capital commitment indicates strong LP confidence in crypto‑focused venture capital and may boost funding for early‑stage blockchain and deep‑tech ventures. Who is involved: Paradigm (founded 2018), its limited partners, and target technical‑frontier startups.. Likely next: Paradigm will begin deploying capital across AI, infrastructure and blockchain sectors; LPs will monitor performance for potential follow‑on funds.. Paradigm announced the closing of a $1.2 billion Fund III, its third flagship vehicle since the firm’s founding in 2018. The fund will back startups working at the intersection of crypto and other deep‑technologies such as AI and infrastructure. The sizable raise reflects continued limited‑partner appetite for crypto‑oriented VC despite recent market volatility. Sectors affected: crypto venture capital technical frontier startups (AI, blockchain)
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