Paradigm closes $1.2B third fund to push beyond crypto into AI
What's the deal? Paradigm, the venture firm founded to back cryptocurrency companies, has raised a new $1.2 billion fund to make more bets outside the sector, including artificial intelligence and robotics. It is the firm's third venture vehicle to date, announced on 8 July 2026.
Why now? The move follows an explosion of funding activity for AI startups and a slump in crypto-related investments.
What's the endgame? With the new fund, Paradigm broadens its focus beyond its crypto roots into AI and robotics — two of the most active areas for venture capital.
The signal: A crypto-first firm chasing AI reflects where the money is flowing. As investor enthusiasm cools on digital assets and heats up on artificial intelligence, even specialist funds are following the capital.
Read more: Bloomberg
Image credit: jurvetson
