Key Takeaways
- • ParaFi Capital raised $125 million this month for a new venture fund, according to Bloomberg, which the Block cited in its report.
- • The firm is focused on companies building stablecoins, tokenization, and institutional onchain finance, founder Ben Forman told Bloomberg.
- • ParaFi raised a separate $325 million for its digital asset strategies since the start of 2025 and now manages around $2 billion in assets under management.
- • The raise comes despite a difficult market, with bitcoin down more than 40% from its October all-time high.
- • Founded in 2018 and backed by Bain Capital Ventures and KKR co-founder Henry Kravis, ParaFi also raised $120 million in 2024.
Summary
New York-based digital asset manager ParaFi Capital raised $125 million this month for a new venture fund, Bloomberg reported on Monday. The report, as relayed by The Block, cited founder Ben Forman, who said the firm is concentrating on companies working in stablecoins, tokenization, and institutional onchain finance.
The fundraising comes amid a challenging market backdrop. Bitcoin is down more than 40% from its October all-time high, and other large crypto funds, including Paradigm, have shifted their focus toward AI agents and robotics. Forman told Bloomberg that the raise shows "sophisticated investors" can distinguish short-term price volatility from the long-term adoption of blockchain-based financial infrastructure.
ParaFi already invests in several major crypto companies, including Anchorage, Bitwise, and Polymarket. Beyond the new $125 million vehicle, the firm has raised a separate $325 million for its ongoing digital asset investment strategies since the beginning of 2025, according to the report. ParaFi now holds around $2 billion in assets under management.
Founded in 2018, ParaFi is backed by Bain Capital Ventures and KKR & Co. co-founder Henry Kravis. In 2024, the firm raised $120 million from investors including Theta Capital Management and Accolade Partners. The Block has reached out to ParaFi for further details on the latest raise.
The fundraising comes amid a challenging market backdrop. Bitcoin is down more than 40% from its October all-time high, and other large crypto funds, including Paradigm, have shifted their focus toward AI agents and robotics. Forman told Bloomberg that the raise shows "sophisticated investors" can distinguish short-term price volatility from the long-term adoption of blockchain-based financial infrastructure.
ParaFi already invests in several major crypto companies, including Anchorage, Bitwise, and Polymarket. Beyond the new $125 million vehicle, the firm has raised a separate $325 million for its ongoing digital asset investment strategies since the beginning of 2025, according to the report. ParaFi now holds around $2 billion in assets under management.
Founded in 2018, ParaFi is backed by Bain Capital Ventures and KKR & Co. co-founder Henry Kravis. In 2024, the firm raised $120 million from investors including Theta Capital Management and Accolade Partners. The Block has reached out to ParaFi for further details on the latest raise.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.