Paradigm

Profile

Paradigm is a frontier technology investment firm based in San Francisco, founded in 2018 by Matt Huang and Fred Ehrsam. Huang, a former partner at Sequoia, and Ehrsam, co-founder of Coinbase, have strategically expanded Paradigm's focus beyond crypto into AI and robotics. The team notably includes managing partner Alana Palmedo, known for her role in the firm's broader technical frontier mandate. Despite being recognized for its deep technical expertise in crypto, Paradigm's development and deployment of open-source tools and security research mark its differentiation in the market.

Paradigm invests in areas experiencing the highest rates of technological change including crypto, AI, and robotics. The firm operates across multi-stage investments, from early seed to growth positions with a global, but US-centric focus. Its AUM includes $2.5B from a previous crypto fund raised in 2021 and $1.2B from Fund III. The firm's check sizes range from initial seed amounts to nine-figure growth investments, and its partnerships are notably driven by its strong strategic and technical capabilities.

Notable investments by Paradigm include Zipline - a drone delivery company, and True Anomaly - a space-focused startup, both indicating the fund's new focus areas. Although Paradigm remains active in the crypto space, focusing on market and financial system reinvention, its ventures into AI and robotics reflect a strategic shift towards a broader technological frontier focus.