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Casey Caruso raises $75M for new tech venture firm

Casey Caruso raises $75M for new tech venture firm

GrafaGrafa2024/12/13 12:30
By:Isaac Francis

Casey Caruso, a former investment partner at Paradigm, has raised $75 million to establish her new early-stage venture firm, Topology.

Announcing the launch on December 12, Caruso revealed that Topology had been in stealth mode for seven months.

"Put everything on the line to bend the arc of human progress," Caruso shared in a post on X, describing her vision to support founders.

Caruso, listed in Forbes' 30 Under 30 in 2022, worked at Paradigm between May 2021 and January 2023.

Prior to Paradigm, she served as a crypto specialist at Bessemer Venture Partners for over two years and has invested in various frontier technologies, including decentralised protocols, semiconductors, and brain-computer interfaces.

Topology’s funding round was led by Cendana Capital and Accolade Partners, with notable backers such as Marc Andreessen and Chris Dixon of Andreessen Horowitz, an unnamed OpenAI founder, Bessemer managing partner Bob Goodman, and Paris Hilton.

Caruso’s extensive experience includes overseeing investments in major crypto projects such as Coinbase, Optimism (CRYPTO:OP), Uniswap (CRYPTO:UNI), and MakerDAO during her time at Paradigm.

She began her journey into technology by writing open-source software at 15 and mining cryptocurrencies while in school, using the profits to start angel investing.

Caruso also briefly studied neuroengineering at Harvard before leaving to pursue a career in venture capital and engineering, including a role at Google.

Despite a 17% decline in crypto venture funding in Q3 2024, early-stage investments accounted for 85% of the $2.4 billion raised, aligning with Topology's focus.

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