ParaFi, a New York-based digital asset manager backed by KKR & Co. co-founder Henry Kravis, raised $125 million in March 2026 for a new venture fund. ParaFi focuses on companies active in stablecoin, tokenization, and institutional on-chain finance.
Funding Overview
ParaFi secured $125 million in March 2026 for a new venture fund. Henry Kravis backs ParaFi. The firm now holds about $2 billion in assets under management. ParaFi raised an additional $325 million since early 2025, supporting its ongoing digital-asset investment strategies.
Ben Forman noted: “We are excited to have raised meaningful capital in a difficult market backdrop. To us, that is a sign that sophisticated investors are increasingly distinguishing between short-term token price volatility and the long-term adoption of blockchain-based financial infrastructure.”
About the Company
ParaFi Capital manages digital assets with a focus on blockchain financial tools. The firm holds investments in key players like Polymarket, Bitwise, and Anchorage. Polymarket operates as a major prediction markets platform. Bitwise functions as a crypto asset manager. Anchorage provides crypto custody services. In parallel, activity continues across emerging tech segments, including AI-focused platforms, as seen in recent developments such as PeakAI Raises $2M. Ben Forman launched ParaFi Capital in 2018 after his time at KKR.
Investors
Known backers include:
- Henry Kravis, co-founder of KKR & Co.
- Bain Capital Ventures.
Funding History
In 2024, ParaFi raised $120 million from investors including Theta Capital Management and Accolade Partners, using the funds to acquire stakes in other crypto funds. Since early 2025, it has raised an additional $325 million for existing strategies and now manages about $2 billion in assets.
Market Context
ParaFi raised funds amid stress in the crypto venture sector. Many crypto venture funds face challenges from plummeting digital-asset prices and market consolidation. Bitcoin has declined more than 40% since its October 2025 all-time high. Some funds shift focus to deep tech, such as robotic startups, reflecting a move away from crypto’s core areas, while ParaFi secured capital despite these conditions.
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