2 stories on Venture Capital, newest first.
Paradigm, a major crypto venture capital firm, has raised $1.2 billion for its fourth fund, marking a strategic expansion beyond cryptocurrency into artificial intelligence and robotics. The firm says it remains committed to crypto investing but is betting on these adjacent growth areas alongside digital asset projects.
Munich-based Proxima Fusion has raised 411 million euros ($469 million), the largest private fusion investment on record in Europe, in a round that values the startup at 2.4 billion euros. It drew heavyweight backers including Google and German utility RWE, with more than 90% of the money coming from European investors. The cash will fund Alpha, a demonstrator meant to prove Proxima's stellarator design can produce net energy, as the company chases an operational fusion power plant in the 2030s and rising demand for clean, always-on electricity to power AI data centers.
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