Alameda Ventures, Jump Capital Co-led $35M Series A for Paradigm.co

The capital raise brings Paradigm’s valuation to $400 million

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key takeaways

  • “This funding round allows us to continue building out our network of institutional traders, CeFi exchanges, and DeFi protocols,” Anand Gomes, Paradigm’s co-founder and CEO said in a statement
  • Paradigm has increased trading volume on its network by 1,300% year-over-year to $10 billion in total volume traded per month, it said

Paradigm.co, the liquidity and communications platform for institutions and professional traders, has closed a $35 million Series A round co-led by Alameda Ventures and Jump Capital, bringing its valuation to $400 million, the institutional liquidity network announced Thursday. 

Other investors include Genesis Trading, QCP Capital, Nexo, Optiver US, IMC, GSR Markets, Akuna Capital, Babel Finance, MGNR, Avon Ventures, CMT Digital, executives at Goldentree Asset Management and Amber Group. 

“This funding round allows us to continue building out our network of institutional traders, CeFi exchanges, and DeFi protocols, while also enhancing our 24/7 customer support, and expanding upon our current product offerings to better accommodate the needs of our clients,” Anand Gomes, Paradigm’s co-founder and CEO said in a statement.

Paradigm’s network is for derivatives traders across centralized finance and DeFi. It works with about 600 institutions and has increased trading volume on its network by 1,300% year-over-year to $10 billion in total volume traded per month, it said. 

“We are super excited to be working with all our new investors, most of whom are already clients of Paradigm,” Gomes told Blockworks. “These strategic partnerships will help us accelerate our growth towards our goal of becoming the largest institutional liquidity network in crypto,” Gomes said. 

This story was updated at 8:45 am ET to remove mention of Paradigm, the unrelated investment firm.


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