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Investor profile

Paradigm

Venture Capital · Founded 2018 · San Francisco, United States

A crypto asset investment firm

112 portfolio companies Venture Capital · $11B invested · 139 investments · Investor rank #247 · Last investment 7/2026
Portfolio companies 112 ↑ 157% 5y
Decacorns 4
Thoroughbreds 11 ↑ 233% 5y
01 · Biggest holdings

Paradigm’s biggest current holdings.

The most valuable companies Paradigm still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Paradigm directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 KalshiDecacorn · Fintech · USA 12% $22.0B $2.6B
  2. 2 Citadel SecuritiesDecacorn · Fintech · USA $22.0B
  3. 3 OpenSeaDecacorn · Fintech · USA 5% $13.3B $665M
  4. 4 ChainalysisUnicorn · Fintech · USA 4.8% $8.6B $413M
  5. 5 FireblocksUnicorn · Security · USA 8.5% $8.0B $680M
  6. 6 StarkWare IndustriesUnicorn · Fintech · Israel 21.5% $8.0B $1.7B
  7. 7 ZiplineUnicorn · Robotics · USA $7.6B
  8. 8 TempoUnicorn · Fintech · USA $5.0B
  9. 9 MoonPayUnicorn · Fintech · USA $3.4B
  10. 10 Sky MavisUnicorn · Gaming · Singapore $3.0B
  11. 11 PhantomUnicorn · Fintech · USA 10.5% $3.0B $315M
  12. 12 Monad LabsUnicorn · Fintech · USA $3.0B

Estimated value = Paradigm’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Paradigm also appears inside investor groups in Space Pioneer, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Portfolio analysis

Where Paradigm’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 112 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA94
  2. UK6
  3. Canada4
  4. Singapore4
  5. Israel3
  6. Cayman Islands2
  7. India2
  8. Australia1
  9. Bahamas1
  10. Bahrain1
  11. Brazil1
  12. China1
By sectorCount
  1. Fintech84
  2. Enterprise Software20
  3. Security11
  4. Gaming9
  5. Media5
  6. Space3
  7. Energy2
  8. Real Estate2
  9. Semiconductors2
  10. Engineering and Manufacturing Equipment1
  11. Event Tech1
  12. Food1
By stage enteredCount
  1. Series A54
  2. Seed38
  3. Series B+26
By growth stageCount
  1. Late Growth46
  2. Breakout Stage45
  3. Early Growth37
03 · Portfolio market map

Inside Paradigm’s portfolio.

The 60 highest-funded portfolio companies, of 112 tracked.

Kalshi
Fintech · Decacorn
$22B
Zipline
Robotics · Unicorn
$7.6B
FTX
Fintech
Genesis Digital Assets
Fintech
Citadel Securities
Fintech · Decacorn
$22B
Fireblocks
Security · Unicorn
$8.0B
True Anomaly
Security · Unicorn
$2.2B
Space Pioneer
Space
$110M
MoonPay
Fintech · Unicorn
$3.4B
Amber Group
Fintech · Unicorn
$2.9B
Praxis
Real Estate
$60M
Chainalysis
Fintech · Unicorn
$8.6B
Coinbase
Fintech · Decacorn
$38B
Tempo
Fintech · Unicorn
$5.0B
Antares
Energy · Unicorn
$1.5B
OpenSea
Fintech · Decacorn
$13B
Bitso
Fintech · Unicorn
$2.2B
Sky Mavis
Gaming · Unicorn
$3.0B
CoinSwitch
Fintech · Unicorn
$1.9B
Harmonic
Enterprise Software · Unicorn
$1.4B
Phantom
Fintech · Unicorn
$3.0B
StarkWare Industries
Fintech · Unicorn
$8.0B
TaxBit
Fintech · Unicorn
$1.3B
Monad Labs
Fintech · Unicorn
$3.0B
Limit Break
Gaming
$800M
Mesh Connect
Fintech · Unicorn
$1.0B
Farcaster
Media
$600M
Uniswap Labs
Fintech · Unicorn
$1.7B
Optimism
Fintech · Unicorn
$1.6B
Gauntlet Network
Fintech
$500M
Lido DAO
Fintech
$280M
Magic Eden
Fintech · Unicorn
$1.6B
Remilk
Food
$600M
Nous Research
Enterprise Software · Unicorn
$1.5B
Prins AI
Enterprise Software
$400M
Rain
Fintech
$500M
Aztec Protocol
Fintech
$400M
Babylon Labs
Security
$350M
SendCutSend
Engineering and Manufacturing Equipment · Unicorn
$1.0B
dYdX
Fintech
$260M
Parallel
Gaming
$500M
EDX Markets
Fintech
$304M
Royal
Fintech
$220M
Morpho
Fintech · Unicorn
$2.0B
Agora
Fintech
$200M
Argent
Security
$160M
Flashbots
Enterprise Software · Unicorn
$1.0B
Succinct
Enterprise Software
$165M
Wildcard Alliance
Gaming
$230M
MakerDAO
Fintech
$60M
Numerai
Fintech
$500M
Zora
Fintech
$600M
Synthetix
Fintech
$120M
Ellipsis Labs
Fintech
$84M
Conduit
Fintech
$148M
Tessera
Fintech
$80M
Privy
Enterprise Software
$60M
Etherealize
Security
$160M
nxyz
Enterprise Software
$160M
Euler Labs
Fintech
04 · Portfolio founders

Where Paradigm’s portfolio founders come from.

182 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States109
  2. Canada9
  3. Israel8
  4. United Kingdom6
  5. Cayman Islands5
  6. Singapore5
  7. France4
  8. Hong Kong4
  9. Australia3
  10. India3
UniversityCount
  1. Massachusetts Institute of Technology10
  2. Stanford University6
  3. Harvard University4
  4. University of Oxford4
  5. Cornell University3
  6. Dartmouth College3
  7. Duke University3
  8. London Business School3
  9. The Hebrew University of Jerusalem3
  10. Université libre de Bruxelles3
Previous companyCount
  1. Uber6
  2. Goldman Sachs5
  3. 0x4
  4. Alphabet | Google4
  5. Coinbase4
  6. IBM4
  7. X.4
  8. Zynga4
  9. Amazon3
  10. Bain & Company3