Paradigm

Paradigm is a San Francisco venture capital firm founded in June 2018 by Fred Ehrsam and Matt Huang. Ehrsam co-founded Coinbase, while Huang is a former Sequoia Capital partner. Alana Palmedo is a managing partner, and Dan Robinson is a general partner. Georgios Konstantopoulos is a general partner and chief technology officer.

The firm invests from the earliest stages, with a focus on crypto, blockchain infrastructure, fintech, artificial intelligence, robotics, space and defense. Its funds include a $750 million open-ended fund announced in October 2018, the $2.5 billion Paradigm One fund from November 2021, the $850 million Paradigm Three fund from June 2024, and a $1.2 billion frontier technology fund announced on July 8, 2026. Paradigm had about $12.7 billion in assets under management as of April 2025.

Its crypto portfolio includes Uniswap, which raised a Series B in 2022, Optimism's $150 million Series B in 2022, Phantom's $109 million Series B in 2022 and $150 million Series C in 2025, and Morpho's $175 million round in 2026. Other investments include a $225 million investment in Monad Labs in 2024, a $50 million Series A for Nous Research in April 2025, a $50 million Series A for Agora in July 2025, and an $11.6 million Series A for Kuru Labs in 2025. Paradigm also led rounds for Across Protocol, Symbiotic, Babylon and Succinct.

Paradigm builds developer infrastructure alongside its investments, including Foundry, Reth and Alloy. In July 2026, it expanded its mandate with a frontier technology fund focused on crypto, AI, robotics, and defense. Its research and policy work also covers public blockchain privacy and market structure.