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Phantom crypto wallet raises $150M in Series C at $3B valuation

Phantom said the $150 million funding round accelerates Phantom’s mission to become the world’s biggest consumer finance platform.

Digital asset wallet Phantom announced has raised $150 million from a Series C funding round led by venture capital firms Sequoia Capital and Paradigm, valuing the firm at $3 billion.

Andreessen Horowitz and Variant also participated in the funding round.

“Our mission has always been to make crypto more accessible, intuitive, and safe for everyone. This latest round of funding allows us to invest further in innovation and ultimately modernize consumer finance,” Phantom’s CEO Brandon Millman said in the Jan. 16 announcement.

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Investment Firm Paradigm Raises $850,000,000 for Venture Fund Targeting Early-Stage Crypto Projects

Investment Firm Paradigm Raises 0,000,000 for Venture Fund Targeting Early-Stage Crypto Projects

Crypto venture capital firm Paradigm says it has raised $850 million for a new fund targeting crypto projects that are still in their earliest stages. The San Francisco-based firm was an early contributor to the decentralized cryptocurrency exchange Uniswap (UNI), the Ethereum (ETH) layer-2 network Optimism (OP) and the Ethereum-centric research and development startup Flashbots. […]

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Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round

Permissionless Restaking Protocol Symbiotic Launches Raising .8 Million in Seed RoundSymbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used to further its decentralized mission. Symbiotic Restaking Protocol Raises $5.8 Million in […]

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Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects

Paradigm Secures 0 Million for Third Crypto Fund, Targets Early-Stage ProjectsOn June 13, the leading San Francisco-based crypto-focused venture capital firm Paradigm revealed it has secured its third fund, totaling $850 million, aimed at early-stage crypto projects. Paradigm Announces $850 Million Fund Established in 2018 by Coinbase co-founder Fred Ehrsam and ex-Sequoia partner Matt Huang, Paradigm ranks among the leading crypto investment firms, overseeing billions […]

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Fred Ehrsam Predicts Future Crypto Growth Driven by Demographic Shifts

Fred Ehrsam Predicts Future Crypto Growth Driven by Demographic ShiftsIn a recent social media post, Fred Ehrsam, co-founder of Coinbase and crypto investment firm Paradigm, predicts that the cryptocurrency market will continue to gain momentum due to the growing influence of younger generations. He points out that ownership of crypto assets is currently highest among the 18-45 age group, with a significant drop-off after […]

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Degen token surges 17% on Farcaster’s $150M Series A raise

Farcaster, blockchain’s answer to traditional social media, raised $150 million in a Series A funding round led by Paradigm, sending a community token soaring.

Farcaster community-created token Degen (DEGEN) jumped 17% after the blockchain-based social platform confirmed it raised $150 million in its latest funding round.

The Series A round was led by venture firm Paradigm with participation from Andreessen Horowitz, Haun, USV, Variant and Standard Crypto. Farcaster founder Dan Romero said in a May 21 X post the funds will “support our work on Farcaster for many years.”

Romero, a former Coinbase executive, first hinted at the funding round on Warpcast in March but didn’t share any further details at the time.

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Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

Farcaster Secures 0M in Funding, Reaches B Valuation With Backing From ParadigmFarcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools, after the […]

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Paradigm Tries Again at Crypto: Seeks to Raise at Least $750 Million to Launch New Fund

Paradigm Tries Again at Crypto: Seeks to Raise at Least 0 Million to Launch New FundParadigm, one of the largest venture capital firms in the crypto space, is gearing up to reenter the crypto VC arena. According to reports, the firm is in talks with third parties to launch a $750 – $850 million crypto-focused investment fund, the largest since its previous $2.5 billion venture fund launched in 2021. Paradigm […]

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Venture Capital Firm Co-Founded by Coinbase Executive Seeking $850,000,000 in New Raise: Report

Venture Capital Firm Co-Founded by Coinbase Executive Seeking 0,000,000 in New Raise: Report

A venture capital firm co-founded by an executive of Coinbase is reportedly looking to raise between $750 million and $850 million for a new fund. According to a new report by Bloomberg, anonymous sources familiar with the matter say that crypto venture capital firm Paradigm – founded by Coinbase Global co-founder Fred Ehrsam and ex-Sequoia […]

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