Paradigm, a venture capital firm known for its deep ties to the cryptocurrency space, has taken a strategic step beyond digital assets by co-leading a massive $110 million funding round in SendCutSend, an on-demand manufacturing company. The investment marks a notable expansion of Paradigm’s portfolio into industrial infrastructure and automated production services, areas traditionally outside its core focus.
SendCutSend, which provides software-driven, rapid-turnaround manufacturing for industries such as robotics, defense, aerospace, and automotive, secured the funding at a valuation exceeding $1 billion. According to Jim Belosic, founder and CEO of SendCutSend, the company had operated profitably for years without outside venture capital before this round. He explained that surging customer demand and production pressures forced the company to seek external capital to accelerate expansion rather than resorting to price hikes or slower delivery times.
Belosic noted that over the past year, SendCutSend logged more than 35,000 overtime hours as demand consistently outstripped capacity. The company has been growing at roughly 100% year-over-year, making traditional financing options inadequate for the scale of its expansion ambitions. With the new funding, SendCutSend plans to invest over $1 billion in U.S. manufacturing and domestically produced materials over the next five years. It also intends to spend more than $250 million on expanding current facilities and opening new production sites nationwide, aiming to increase capacity, lower prices, and maintain short lead times.
Matt Huang, Paradigm’s co-founder and managing partner, confirmed the firm’s role as co-lead investor in the round. Other participants include Sequoia partner Andrew Reed and Stripe co-founders Patrick and John Collison. Belosic acknowledged that he had previously avoided venture capital because many investors misunderstood manufacturing businesses and expected software-like growth returns, but he expressed confidence in this group of backers.
This investment is part of a broader trend by Paradigm to diversify its holdings beyond cryptocurrency. In recent months, the firm has partnered with Stripe on the Tempo payments network, collaborated with OpenAI on EVMbench for smart contract security testing, and developed a professional prediction market terminal for institutional traders. Additionally, Paradigm Bitcoin general partner Dan Robinson proposed PACTs, a protocol to help Bitcoin holders prove wallet ownership privately against future quantum computing threats.
Despite this expansion, Paradigm remains a significant player in the crypto venture space. The firm’s move into industrial manufacturing signals a strategic shift toward adjacent infrastructure and technology sectors while maintaining its core crypto investments.