Paradigm Joins SendCutSend Series B at $2.1 Billion Valuation

Paradigm has joined a Series B financing valuing SendCutSend at $2.1 billion, continuing the crypto investment firm’s backing of a U.S. maker of custom metal parts. Spark led the round, with CRV, MHS and Sequoia also participating. The $2.1 billion figure is SendCutSend’s valuation, not the amount raised in the financing. Paradigm helped lead a $110 million financing that SendCutSend announced May 19. That earlier deal valued the Reno, Nevada, company at $1.01 billion. Paradigm announced a $1.2 billion fourth fund July 8 covering crypto, artificial intelligence, robotics and other technologies. It identified SendCutSend as a rapid manufacturing investment.

Source: TokenPost