Citadel announced VC investments from a Web3-focused firm, signaling a shift toward crypto.
that VC firms Sequoia Capital and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel Securities’ shift toward new asset classes such as crypto.
Sequoia, which led the round with investment from Sequoia Heritage, Sequoia Capital Global Equities and its Global Growth Fund, will also get a seat on the Citadel Securities board of directors, filled by Sequoia partner Alfred Lin. We are proud to announce that Sequoia and Paradigm have made a $1.15 billion minority investment in our firm.
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