Last mentioned: 5d ago
Fund III Closes at $1.2 Billion
Paradigm announces the close of its $1.2 billion Fund III with an expanded mandate into AI and robotics, and reveals early investments in Zipline and True Anomaly.
Death Toll Reaches 45
Official government figures confirm 45 fatalities; emergency health protocols are fully activated.
Initial Casualties
First reports of deaths and significant property damage emerge from flash flood zones.
Rainfall Intensifies
Seasonal rains begin exceeding historical averages across East Africa.
WSJ Reports $1.5B Target
The Wall Street Journal reports Paradigm is seeking to raise $1.5 billion for its third venture fund, citing SEC filings.
Paradigm Founded
Matt Huang, former Sequoia partner, and Fred Ehrsam, Coinbase co-founder, launch Paradigm as a crypto-focused VC firm.
Paradigm, formerly crypto-only, now aims its $1.2B third fund at the intersection of AI, robotics, and crypto. With early investments in Zipline and True Anomaly, the firm is courting deep-tech startups, leveraging its founder pedigree from Sequoia and Coinbase to compete with generalist VCs.
Paradigm closed its third fund at $1.2 billion, with a mandate that now includes AI and robotics alongside its core crypto focus. The firm reassures the crypto community that it will continue backing blockchain infrastructure and financial system innovation, citing active R&D in tools like Foundry, Reth, Centaur, and EVMbench.
Devastating flash floods in Kenya have claimed 45 lives, triggering a massive public health emergency and testing the resilience of the nation's digital health infrastructure. The crisis underscores the urgent need for robust disease surveillance systems and mobile health solutions to manage displacement and prevent secondary outbreaks.