ParaFi Raises $125M for New Fund, Bucking Crypto Downturn
ParaFi Capital has raised $125 million for a new fund, a notable outlier as many crypto investors remain cautious. The firm says its total assets under management are now about $2 billion after adding $325 million to existing strategies since last year, underscoring continued LP appetite for differentiated crypto venture exposure.
The fresh capital should give ParaFi more dry powder to back early-stage Web3, DeFi, and infrastructure projects and to support follow-on investments in its portfolio. While broader market conditions stay challenged, this round reinforces a narrative that experienced managers with strong track records can still attract institutional commitments, potentially encouraging similar fundraising efforts across the sector.