Crypto venture firm Paradigm has closed a $1.2 billion fourth fund, marking a notable broadening of its investment mandate. While the firm built its reputation backing crypto and blockchain startups, the new vehicle will also deploy capital into artificial intelligence, robotics, and other emerging technology sectors. The move reflects a wider trend among crypto-focused investors diversifying their portfolios as opportunities in AI and automation attract significant venture interest. Paradigm, co-founded by Matt Huang and Fred Ehrsam, has been among the most prominent backers of digital asset projects. The expanded scope signals the firm's intent to position itself across multiple frontier technology categories rather than remaining strictly a crypto specialist. The fund's size underscores continued investor appetite for early-stage bets despite fluctuating market conditions across both the crypto and broader technology industries.
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