Paradigm puts on 2.5 billion dollar venture funds to invest in the next generation in crypto companies and protocols-Finance
Paradigm puts on 2.5 billion dollar venture funds to invest in the next generation in crypto companies and protocols-Finance
The investment company Paradigm has put on a 2.5 billion dollar risk to invest in the next generation of crypto companies and protocols. The company believes that the "new fund and its size reflect that crypto is the most exciting limit of technology".
2.5 billion dollar funds for the crypto industry
The investment company Paradigm announced the laying of a 2.5 billion dollar risk on Monday to invest in the next generation of crypto companies and protocols. Matt Huang and Fred Ehrsam, who co -founded Paradigm 2018, explained:
Our conviction of these beliefs has only increased in the past three years, and we are pleased to be able to announce a new risk fund of $ 2.5 billion in order to continue to invest in the next generation of crypto companies and protocols.
"This new fund will invest in all phases and regions in addition to our existing flagship fund," they said.
was also a co -founder of the Coinbase crypto tour noted on the Nasdaq. Huang was previously a partner at Sequoia Capital and focused on risk investment in the early phase, including the management of the company's cryptocurrency efforts.
The two co-founders collected $ 2.5 billion for Paradigm One this month. The collected fund was twice as high as originally planned, the Financial Times reported. Nevertheless, honestly said: "It is probably small compared to what we will achieve in 10 years."
This is the largest new risk capital fund in history for the crypto room, according to the publication. At the beginning of this year, the VC company Andreessen Horowitz collected $ 2.2 billion for its new cryptocurrency fund, which at the time was the "largest cryptocurrency fund".
The first fund from Paradigm, which is structured like a hedge fund, initially collected $ 400 million in 2018. His annual internal return was more than 200 %in the first half of this year, according to the Financial Times. The fund's assets have reached up to $ 10 billion.
Ehrenam and Huang further in detail:
This new fund and its size reflect that crypto is the most exciting limit of technology. In the past ten years, Krypto has traveled a long way.
However, they emphasized: "The trip is only at the beginning, and the potential of crypto has never been so clear."
What do you think that Paradigm puts a 2.5 billion dollar risk in order to invest in the next generation of crypto companies and protocols? Let us know in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons