Paradigm portfolio

Paradigm has 34 portfolio companies on record at Recent Funding, with 12 investments in the last 12 months.

Website: paradigm.xyz.

X: @paradigm.

Type: Venture capital.

Portfolio on Recent Funding: 34.

Deals, last 12 months: 12.

Rounds led: 15 of 29.

Capital in their rounds: $4.61B.

Latest deal: Mavria · Nov 11, 2026.

About this page

It is a venture capital firm based in San Francisco, US, founded in 2018. It led 15 of the 29 rounds it joined. Its most recent investment on record is Mavria's Seed round in November 2026, which it led, alongside Dream Ventures, Critical Frontier, Liquid 2 Ventures and 1 other. By category, its portfolio leans toward Stablecoins (6) and Exchanges and on-ramps (6). It has co-invested with Andreessen Horowitz, Sequoia and Coinbase Ventures, most often Andreessen Horowitz (6 rounds).

About Paradigm

Firm type: Venture capital.

Headquarters: San Francisco, US.

Founded: 2018.

Stages: Pre-Seed, Seed, Series A, Series C.

Sectors: AI & Machine Learning, Crypto & Web3, Deep Tech, Robotics.

Check size: $1M to $100M.

Leads rounds: No.

Portfolio companies: 110.

Exits: 3.

Rounds led: 106.

What Paradigm invests in

Stablecoins · 6 · 18%
Exchanges and on-ramps · 6 · 18%
Developer tools and cloud · 5 · 15%
Wallets and accounts · 5 · 15%
Fintech · 4 · 12%
Manufacturing and industrial · 3 · 9%
RWA and tokenization · 3 · 9%
Cybersecurity · 3 · 9%

Paradigm recent investments

Company	Round	Date	Alongside
MMavria	Seed · lead	Nov 11, 2026	Dream Ventures, Critical Frontier, Liquid 2 Ventures +1
AAntares	Series B+ · $470M · lead	Jul 27, 2026	Shine Capital, Point72 Ventures, Industrious Ventures
AAntares	Series B+ · $370M · lead	Jul 27, 2026	Shine Capital, Caffeinated Capital (lead), Point72 Ventures +1
MM1X Global	Seed	Jul 6, 2026	Breed
KKalshi	Series B+ · $1B	May 7, 2026	Coatue (lead), ARK Invest, Sequoia +3
TTrue Anomaly	Series B+	Apr 28, 2026	645 Ventures, The Private Shares Fund, Meritech Capital +10
PPixie Chess	Seed	Apr 2, 2026	Dylan Abruscato, Seed Club, Chev +5
ZZipline	Series B+ · $200M	Mar 23, 2026	none named

How Paradigm invests

Stage	Deals	Capital in rounds
Series B+	16 55%	$4.38B
Seed	8 28%	$99.7M
Series A	5 17%	$130.6M

Year	Deals	Capital in rounds
2021	4 14%	$406M
2022	4 14%	$392.8M
2023	1 3%	undisclosed
2024	1 3%	$55M
2025	8 28%	$1.63B
2026	11 38%	$2.12B

Paradigm portfolio companies

MMavriaSeed · Nov 2026
AAntares$470MSeries B+ · Jul 2026
MM1X GlobalSeed · Jul 2026
KKalshi$1BSeries B+ · May 2026
TTrue AnomalySeries B+ · Apr 2026
PPixie ChessSeed · Apr 2026
ZZipline$200MSeries B+ · Mar 2026
ZZodlSeed · Mar 2026
NNoise$7.1MSeed · Jan 2026
MMesh$75MSeries B+ · Jan 2026
DDivine$6.6MSeed · Sep 2025
EEtherealize$40MSeries A · Sep 2025
KKuru$11.6MSeries A · Jul 2025
NNous Research$65MSeed · Apr 2025
IIrreducible$24MSeries A · Jan 2025
SSuccinct$55MSeries A · Mar 2024
EEDX MarketsSeries A · Jun 2023
SSky Mavis$150MSeries B+ · Apr 2022
GGauntlet$23.8MSeries B+ · Mar 2022
PPhantom$109MSeries B+ · Jan 2022
RRain Financial$110MSeries B+ · Jan 2022
BBetDEX$21MSeed · Nov 2021
CChainalysis$100MSeries B+ · Mar 2021
FFireblocks$133MSeries B+ · Mar 2021
HHarmonicbacker
LLightsparkbacker
MMoonPaybacker
SStashbacker
EEllipsis Labsbacker
PPrivybacker
Iidlerbacker
SSymbioticbacker
OOsmosis Zonebacker
DD3backer

Company	Round with Paradigm	Total raised	Latest raise
MMavria Developer tools and cloud	Nov 11, 2026 Seed · lead	undisclosed	Nov 11, 2026 Seed
AAntares Climate and energy	Jul 27, 2026 Series B+ · $470M · lead	$949M	Jul 27, 2026 Series B+
MM1X Global RWA and tokenization	Jul 6, 2026 Seed	$5.5M	Jul 6, 2026 Seed
KKalshi Prediction markets	May 7, 2026 Series B+ · $1B	$2.71B	May 21, 2026 Series B+
TTrue Anomaly Defense and security	Apr 28, 2026 Series B+	$377M	Apr 28, 2026 Series B+
PPixie Chess Crypto gaming	Apr 2, 2026 Seed	$5.2M	Apr 2, 2026 Seed
ZZipline Health and bio	Mar 23, 2026 Series B+ · $200M	$1.57B	Mar 23, 2026 Series B+
ZZodl Cybersecurity	Mar 9, 2026 Seed	$25M	Mar 9, 2026 Seed
NNoise UGC software	Jan 14, 2026 Seed · $7.1M	$12.6M	Sep 16, 2026 Seed
MMesh Stablecoins	Jan 1, 2026 Series B+ · $75M	$107M	Jul 2, 2026 Series B+
DDivine Stablecoins	Sep 25, 2025 Seed · $6.6M · lead	$6.6M	Sep 25, 2025 Seed
EEtherealize Fintech	Sep 3, 2025 Series A · $40M · lead	$40M	Sep 3, 2025 Series A
KKuru RWA and tokenization	Jul 8, 2025 Series A · $11.6M · lead	$13.6M	Jul 8, 2025 Series A
NNous Research AI agents	Apr 29, 2025 Seed · $65M · lead	$155M	Oct 7, 2026 Series B+
IIrreducible Cybersecurity	Jan 31, 2025 Series A · $24M · lead	$24M	Jan 31, 2025 Series A
SSuccinct Developer tools and cloud	Mar 21, 2024 Series A · $55M · lead	$55M	Mar 21, 2024 Series A
EEDX Markets Fintech	Jun 30, 2023 Series A	$76M	Jul 1, 2026 Series B+
SSky Mavis NFTs and collectibles	Apr 6, 2022 Series B+ · $150M	$311M	Apr 6, 2022 Series B+
GGauntlet Stablecoins	Mar 14, 2022 Series B+ · $23.8M	$148.8M	Jul 9, 2026 Series B+
PPhantom Perpetuals DEXs	Jan 31, 2022 Series B+ · $109M · lead	$268M	Jan 16, 2025 Series B+
RRain Financial Wallets and accounts	Jan 18, 2022 Series B+ · $110M · lead	$118.5M	Jan 9, 2026 Series B+
BBetDEX	Nov 17, 2021 Seed · $21M · lead	$21M	Nov 17, 2021 Seed
CChainalysis Oracles and on-chain data	Mar 26, 2021 Series B+ · $100M · lead	$571.6M	Mar 7, 2026 Series B+
FFireblocks Stablecoins	Mar 18, 2021 Series B+ · $133M	$1.01B	Jan 27, 2022 Series B+
HHarmonic Foundation models and research	backer · source	$295M	Jan 13, 2026 Seed
LLightspark Stablecoins	backer · source	undisclosed	—
MMoonPay Stablecoins	backer · source	$87M	Apr 1, 2022 Series A
SStash Developer tools and cloud	backer · source	undisclosed	—
EEllipsis Labs Exchanges and on-ramps	backer · source	$23.3M	Apr 4, 2024 Series A
PPrivy Wallets and accounts	backer · source	$26M	Nov 21, 2023 Series A
Iidler	backer	$9.5M	Aug 20, 2026 Seed
SSymbiotic Staking and restaking	backer	$34.8M	Apr 25, 2025 Series A
OOsmosis Zone	backer	undisclosed	—
DD3	backer	undisclosed	Jan 29, 2025 Series A

Most frequent co-investors

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 29 rounds on Recent Funding that name Paradigm. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Paradigm, which is a subset of its real portfolio. API: /api/v1/investors/paradigm (get a free API key). More: the most active VC firms and new venture capital funds.