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Paradigm, a new venture capital firm founded by a co-founder of Coinbase, has raised $2.5 billion for cryptocurrency investments.

Paradigm One, a venture capital firm run by Coinbase co-founder Fred Ehrsam and ex-Sequoia Capital Partner Matt Huang, has raised $2.5 billion (approximately Rs. 18,598 crores) for the "next generation of crypto companies and protocols," making it the largest crypto VC fund. Paradigm One was founded in 2018 with an initial investment of $400 million (approximately Rs. 2,976 crores), and the total amount raised has surpassed the VC fund's initial investment objective.
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