About Paradigm
Paradigm is a venture capital firm based in San Francisco, CA. Since December 2018 it has filed Form D notices for five funds and six related vehicles. The largest, Paradigm Fund LP, reported $986.9M raised from 124 investors.
Funds
Paradigm has five funds on file with the SEC, plus six feeder, opportunity or co-investment vehicles. The funds have reported $1.90B raised.
Funds (SEC Form D)
| Fund | First filed | Amount raised | Target | Investors |
|---|---|---|---|---|
| Paradigm Three LPVenture capital fund · 3(c)(7) · Form D ↗ | Mar 25, 2026 | None yet | Not set | — |
| Paradigm Two LPVenture capital fund · 3(c)(7) · Form D ↗ | Jun 11, 2024 | None yet | Not set | — |
| Paradigm One LPVenture capital fund · 3(c)(7) · Form D ↗ | Nov 19, 2021 | $839,130,580 | Not set | 55 |
| Paradigm Green Fortitudo LPVenture capital fund · 3(c)(7) · Form D/A ↗ | Aug 4, 2021 | $83,310,000Aug 2021: $42.5M Aug 2022: $83.3M | Not set | 2 |
| Paradigm Fund LPOther investment fund · 3(c)(7) · Form D/A ↗ | Dec 13, 2018 | $986,940,000Dec 2018: $400.0M Dec 2019: $739.9M Dec 2024: $759.9M Dec 2025: $986.9M | Not set | 124 |
Amounts and investor counts come from each fund's latest Form D or amendment; the dated lines under an amount show what earlier filings reported. "Not set" means the fund did not give a target. Form D does not report returns.
Feeder, opportunity and co-investment vehicles (6)
| Vehicle | Kind | First filed | Amount raised | Investors | Filing |
|---|---|---|---|---|---|
| Paradigm Three (US) Feeder LP | Feeder or parallel fund | Mar 25, 2026 | — | — | Form D ↗ |
| Paradigm Three (Cayman) Feeder LP | Feeder or parallel fund | Mar 25, 2026 | — | — | Form D ↗ |
| Paradigm Two (Cayman) Feeder LP | Feeder or parallel fund | Jun 11, 2024 | — | — | Form D ↗ |
| Paradigm Two (US) Feeder LP | Feeder or parallel fund | Jun 11, 2024 | — | — | Form D ↗ |
| Paradigm One (Cayman) Feeder LP | Feeder or parallel fund | Nov 19, 2021 | $499,432,250 | 28 | Form D ↗ |
| Paradigm One (US) Feeder LP | Feeder or parallel fund | Nov 19, 2021 | $1,147,457,170 | 40 | Form D ↗ |
These vehicles usually hold a single investment or a small group of them. Their filings do not name the companies they hold.
Portfolio Companies
Companies where a Paradigm partner sits on the board, according to the company's own Form D. A board seat usually comes with an investment, but Form D does not list investors.
| Company | Location | Paradigm director | On the board | Latest raise |
|---|---|---|---|---|
| Antares Nuclear, Inc. | Torrance, CA | Alana Palmedo | 2026 | $59.9M ↗Aug 2026 |
| Kalshi Inc. | New York, NY | Matthew Huang | 2025–2026 | $1.12B ↗Apr 2026 |
| Mavria Inc | The Woodlands, TX | Alana Palmedo | 2026 | $75.0M ↗Oct 2026 |
| Yuva Biosciences, Inc. | Birmingham, AL | Fred Ehrsam | 2026 | $1.1M ↗Mar 2026 |
| n3xt inc | Cheyenne, WY | Alana Palmedo | 2025 | $26.0M ↗Oct 2025 |
| Merkle Manufactory Inc. | Venice, CA | Matthew Huang | 2024 | $139.4M ↗Apr 2024 |
| Stripe, Inc. | South San Francisco, CA | Matthew Huang | 2023–2024 | $694.1M ↗Apr 2024 |
| TaxBit, Inc. | Draper, UT | Matthew Huang | 2023 | $15.6M ↗Jan 2023 |
People
Partners and officers named on Paradigm's fund filings.
Sources
- SECEvery Form D filing behind this page is linked in the tables above.