Private Market View

Paradigm (Crypto Fund)

Venture capital · San Francisco, California

AUM
$12.7B
Portfolio companies
31
Recorded deals
140
21 in last 12M
Last investment
Jul 2026

Key facts

  • Paradigm (Crypto Fund) is a venture capital firm based in San Francisco, California with 31 tracked portfolio companies.
  • Notable positions include Kalshi, Fireblocks, Phantom (Financial Software)., Rain (Financial Software), Magic Eden.
  • Private Market View records 3 deal participations by Paradigm (Crypto Fund).
  • Paradigm (Crypto Fund)’s most recent recorded investment was in Jul 2026, one of 21 in the last 12 months and 39 over two years.
  • The team roster lists 1 person.
  • Paradigm (Crypto Fund) reports $7.6B in regulatory assets under management across 8 private funds, per its SEC Form ADV (2026-03).

About Paradigm (Crypto Fund)

Founded in 2018, Paradigm is a venture capital firm based in San Francisco, California. The firm seeks to invest in cryptocurrency and technology-based sectors.

Registered with the SEC

Form ADV · 2026-03 · CRD 299210
Regulatory AUM
$7.6B
Private fund assets
$14.8B
Private funds
8 · 7 private equity, 1 hedge
Staff
61
Registered office
SAN FRANCISCO, CA
SEC status
Approved

Source: SEC Investment Adviser Public Disclosure, Form ADV (registered as PARADIGM OPERATIONS LP).

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  • ·The book's top 25 — of 31 recorded positions
  • ·Every recorded deal — 3 rounds
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Portfolio, priced

31 companies · by our current valuations
CompanyValuationRole
Kalshi$35.0Blead
Fireblocks$8.0B
Phantom (Financial Software).$3.0B
Rain (Financial Software)$1.9B
Magic Eden$1.6B
Harmonic (Software Development Applications)$1.4B
Chainalysis$1.3B
Mesh (San Francisco)$1.0B
Nous Research$523.0M
Ellipsis Labs$398.0M
N3XT$274.0M
Irreducible$260.0M
Privy (Network Management Software)$230.0M
dYdX Labs$215.0M
Fractal (Financial Software)$200.0M
+ 16 more companies · a free account shows the top of the book

Recent deals

3 recorded
Jul 2026Antares NuclearSeries C$470.0Mled
Oct 2025KalshiSeries D$300.0M
Jun 2025KalshiSeries C$185.0Mled
Team
1 people on record — 1 with verified contacts

Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.

See the team →

Frequently asked

What companies does Paradigm (Crypto Fund) invest in?
Paradigm (Crypto Fund) has 31 recorded portfolio companies, including Kalshi, Fireblocks, Phantom (Financial Software)., Rain (Financial Software).
What is Paradigm (Crypto Fund)'s AUM?
Paradigm (Crypto Fund) manages approximately $12.7B in assets.
Is Paradigm (Crypto Fund) actively investing?
Paradigm (Crypto Fund)'s most recent recorded investment was in Jul 2026, with 21 investments in the last 12 months.