# Paradigm

> Paradigm is a San Francisco investment firm that backs crypto companies and protocols from their earliest days, then does something most venture funds never do: it ships production software. Founded in 2018 by Coinbase co-founder Fred Ehrsam and former Sequoia partner Matt Huang, the firm was an early backer of Uniswap, Optimism, and Flashbots, and its in-house engineers built Reth and Foundry, tools that now run underneath much of the Ethereum ecosystem. By 2025 it managed roughly $12.7 billion.

- **Founded:** 2018
- **Headquarters:** San Francisco, United States
- **Founders:** Matt Huang (Co-Founder & Managing Partner), Fred Ehrsam (Co-Founder (stepped back from managing partner role in 2023))
- **Team size:** Approximately 60-150 people (the firm reports fewer than 60 employees; an engineering team of under 20 builds its open-source tools)
- **Products:** Early-stage venture investment, Foundry, Reth, Cryo, Artemis
- **Notable:** Grew to roughly $12.7 billion in assets under management by 2025., Early contributor and first outside investor in Uniswap, Optimism and Flashbots., Built Foundry and Reth, open-source tools adopted across the Ethereum ecosystem including by Optimism, Base and Worldcoin.

## Products & services

- **Early-stage venture investment** — First-check and early investment in crypto companies and protocols, from tokens to equity, across market cycles.
- **Foundry** — A fast, portable and modular toolkit for Ethereum application development, widely adopted for smart contract testing and deployment.
- **Reth** — A high-performance Ethereum execution node written in Rust, used by teams including Optimism, Base and Worldcoin.
- **Cryo** — A tool for extracting blockchain data into analysis-ready formats.
- **Artemis** — A framework for building MEV and on-chain trading bots.
- **Solar / Alloy / EVMbench** — Additional open-source libraries and tooling spanning a Solidity compiler, Ethereum type bindings, and benchmarking.
- **Research & EIR/incubation programs** — Published protocol and mechanism-design research plus entrepreneur-in-residence and incubation programs for founders.

## Achievements

- Grew to roughly $12.7 billion in assets under management by 2025.
- Early contributor and first outside investor in Uniswap, Optimism and Flashbots.
- Built Foundry and Reth, open-source tools adopted across the Ethereum ecosystem including by Optimism, Base and Worldcoin.
- Closed one of the largest crypto venture funds in history with its $2.5B Paradigm One fund in 2021.
- Raised an $850M early-stage fund in 2024, among the largest crypto raises of that cycle.

## Latest updates

- **2024-06** — Closed an $850 million third fund focused on the earliest-stage crypto projects.
- **2024** — Invested $20 million in Ithaca, a spinoff building an Ethereum Layer 2.
- **2025-04** — Reported roughly $12.7 billion in assets under management.

## Links

- Website: https://paradigm.xyz
- LinkedIn: http://www.linkedin.com/company/paradigm-xyz
- Twitter/X: https://twitter.com/paradigm
- GitHub: https://github.com/paradigmxyz

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Profile page: https://yespress.io/paradigm
Published by YesPress — https://yespress.io
Last updated: 2026-08-14