Tag: Paradigm

Paradigm Leads $110M Investment in Bahrain’s First Licensed Crypto Brokerage

CryptoX – Cryptocurrency Analysis and News Portal Bahrain-based cryptocurrency exchange Rain Financial has raised $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins, according to a press release shared with CryptoX. The company will use the capital to pursue licensing in additional countries, enhance its technology platform and expand the team. Source The post Paradigm Leads $110M Investment in Bahrain’s First Licensed Crypto Brokerage appeared first on CryptoX. CryptoX Portal

Citadel Securities takes in $1.15B investment from Sequoia and Paradigm

boss

Citadel Securities announced that VC firms Sequoia and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel Securities’ shift toward new asset classes such as crypto. Sequoia, who led the round, with investment from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund, will also get a seat on the Citadel Securities Board of Directors for Sequoia Partner Alfred Lin. We are proud to announce that Sequoia and Paradigm have…

[SPONSORED] A Paradigm Shift in Mining

The ever-dynamic crypto mining industry has been even more active following China’s crackdown. The global hashrate has largely shifted to North America, making the US a key international mining hub where institutions now take central stage. This new demographic of miners have special requirements, which Foundry has been catering to through its rapidly growing Foundry USA Pool and other services that have been tailor-made for institutional miners. Source

Crypto Derivatives Firm Paradigm Raises $35M From Jump Capital, Alameda Ventures, Others

Paradigm, a firm that provides liquidity to crypto derivatives traders, raised $35 million in a Series A funding round co-led by Jump Capital and Alameda Ventures. The round values the firm at $400 million, Paradigm said in a press release on Thursday. Over 25 other investors also participated in the Series A, including Genesis Trading, QCP Capital, Nexo and Optiver US. Genesis is owned by Digital Currency Group, which also owns CryptoX. Previous investors Dragonfly Capital, Digital Currency Group, Vectr Fintech Partners and…

Crypto Derivative Firm Paradigm Raises $35M From Jump Capital, Alameda Ventures, Others

Paradigm, a firm that provides liquidity to crypto derivatives traders, raised $35 million in a Series A funding round co-led by venture capitalists Jump Capital and Alameda Ventures. The round values the firm at $400 million, Paradigm said in a press release on Thursday. Over 25 other investors also participated in the Series A, including Genesis Trading, QCP Capital, Nexo and Optiver US. Previous investors Dragonfly Capital, Digital Currency Group, Vectr Fintech Partners and Mirana Ventures, Venture Partner of Bybit and BitDAO also participated. Digital Currency Group is the owner…

Paradigm unveils new $2.5B crypto fund

Crypto investment firm Paradigm has revealed a new $2.5 billion”New Venture Fund” to expand its investment into cryptocurrency companies and protocols. According to a Nov. 15 announcement, Paradigm co-founders Fred Ahrsam and Matt Huang stated that “the fund and its size are reflective of crypto being the most exciting frontier in technology.” The Financial Times reported that the funding pool is now the largest among VC crypto funds, edging out Andreesen Horowitz’s (a16z) $2.2 billion raise in June of this year. The announcement did not state which sectors within the cryptocurrency industry…

Paradigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of Crypto Companies and Protocols – Finance Bitcoin News

Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund for Crypto Industry Investment firm Paradigm announced Monday the launch of a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. Matt Huang and Fred Ehrsam, who co-founded Paradigm in 2018, explained: Our conviction in these beliefs has only…

Crypto Venture Firm Paradigm Announces $2.5B Fund, Industry’s Largest

The venture firm launched by Coinbase co-founder Fred Ehrsam now has $2.5 billion for placing bets on the next big crypto project. Paradigm announced Monday the completion of its fundraising efforts. CoinDesk reported in October that the firm was raising around $1.5 billion, according to investor documents seen at the time. The bountiful war chest suggests continued enthusiasm among well-connected crypto investors as bitcoin and ether flirt with all-time highs. “This new fund will invest alongside our existing flagship fund across all stages and geographies,” Paradigm’s founding team said in…