TechFlow news — As more capital flows into the sector, venture capital (VC) firms focused on Web3 projects and crypto businesses have seen a surge in assets under management (AUM).
Documents show that Paradigm, a Web3 and crypto-focused VC firm, now manages $13.2 billion in assets, a 343% increase from the $2.98 billion disclosed in its December 2020 financial filings.
Business journalist Eric Newcomer analyzed recent investment adviser registration filings submitted to the U.S. SEC by several Web3 and crypto VC firms. According to the documents, Andreessen Horowitz (a16z) now has over $54.6 billion in total AUM, nearly 53% higher than its previously disclosed $35.8 billion, with its dedicated cryptocurrency funds managing approximately $9 billion.
Additionally, Sequoia Capital reports $85.5 billion in AUM, up from the previously disclosed $80.7 billion. Tiger Global’s AUM has reached $124.7 billion, an increase of about 58% compared to the $79.1 billion reported in 2021.
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