VC firm Paradigm taps Facebook, Instagram vet David Swain
Crypto enterprise capital agency Paradigm has appointed David Swain as its new chief advertising officer.
Swain beforehand labored as head of world communications at Instagram and senior director of expertise communications at Fb. He additionally served as vice chairman of world partnerships on the social health app Strava.
In keeping with a report from The Block, Swain was enthused to hitch Paradigm, citing his in depth expertise within the tech sector and his perception within the transformative potential of cryptocurrency.
The report additional acknowledged that Alana Palmedo, Paradigm’s managing accomplice and chief working officer, praised Swain’s understanding of technical breakthroughs and his useful perspective for the agency’s portfolio and the broader crypto trade.
The skilled government’s appointment comes quickly after Paradigm reaffirmed its dedication to supporting blockchain startups and different new applied sciences, similar to synthetic intelligence.
In June, the enterprise capital agency efficiently raised $850 million for its fund, which goals to proceed its assist for early-stage crypto tasks.
On the time, Paradigm co-founder Matt Huang highlighted the VC agency’s enduring perception in crypto’s significance as a technical and financial shift, a sentiment that has solely grown stronger since Paradigm’s founding.
To this point in 2024, Paradigm has performed key roles within the funding of greater than 10 main crypto tasks. Notable investments embody main a $225 million sequence A spherical for layer 1 blockchain developer Monad and a $150 million sequence A for decentralized social networking protocol Farcaster.
The funding big was additionally a significant contributor to the $70 million spherical for Bitcoin (BTC) staking protocol Babylon in addition to a sequence A spherical for zero-knowledge proofs startup Succinct Labs that managed to boost $55 million.
Swain’s new position at Paradigm is predicted to enhance the corporate’s outreach and communication efforts, and assist align its mission to assist the following technology of crypto innovators.
