Coinbase Co-Founder’s Venture Firm Raising $1.5B Fund, Document Shows

Coinbase Co-Founder’s Venture Firm Raising .5B Fund, Document Shows
Paradigm, the cryptocurrency venture capital firm led by Coinbase co-founder Fred Ehrsam, is looking to raise a $1.5 billion fund for startup investments, according to documents seen by CoinDesk.An investor deck said the firm’s fundraising push will close on Nov. 12.The revamped war chest could place Paradigm near the top of the pack as venture capital flows into the crypto sector with unprecedented velocity. VCs have placed $17 billion in crypto investments in the first half of 2021, “dwarfing” the $5.5 billion from the same period last year, according to a recent report from Bank of America.In addition to the…