ParaFi Capital Raises $125 Million for New Venture Fund
ParaFi Capital, a New York-based digital asset manager, has raised $125 million in March 2026 for a new venture fund, according to Bloomberg.
Founder Ben Forman told Bloomberg that the fund will focus on companies working in stablecoins, tokenization, and institutional onchain finance. ParaFi already holds investments in major crypto players such as Anchorage, Bitwise, and Polymarket.
Total Raises Reach $450 Million in 2025–2026
In addition to the latest $125 million venture fund, ParaFi has raised $325 million for its ongoing digital asset investment strategies since the beginning of 2025. The firm now manages approximately $2 billion in assets under management.
This fundraising comes amid a challenging market, with Bitcoin down more than 40% from its October all-time high. Forman emphasized that sophisticated investors are able to separate short-term price volatility from the long-term adoption of blockchain-based financial infrastructure.
Backing and Investment Focus
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 new venture fund continues ParaFi’s strategy of investing in infrastructure and applications that drive institutional adoption of digital assets.
Market Context
While the broader crypto market faces headwinds, ParaFi’s successful capital raise signals continued institutional interest in blockchain technology, particularly in areas like stablecoins and tokenization.
