TL;DR
- Casey Caruso, former partner at Paradigm, raises $75 million for her new venture capital firm, Topology.
- The fund will focus on supporting early-stage companies in innovative sectors such as cryptocurrencies, brain-computer interfaces, and semiconductors.
- Notable investors like Marc Andreessen, Paris Hilton, and OpenAI founders back the new firm.
Casey Caruso, former partner at the venture capital firm Paradigm, has raised $75 million to launch her own investment firm, Topology, with the goal of backing entrepreneurs leading innovative projects in high-tech sectors. Through her new fund, Caruso aims to invest in early-stage companies working on technologies that could transform humanity.
Topology will focus on areas such as brain-computer interfaces, decentralized protocols, semiconductors, and new cities. Caruso, who was included in Forbes’ “30 under 30” list in 2022, has a distinguished career in the cryptocurrency and tech investment space. Before joining Paradigm, Caruso was the cryptocurrency specialist at Bessemer Venture Partners and has been involved in a wide range of investments throughout her career.
I’m launching Topology, an early-stage venture firm dedicated to frontier technology. We've raised an oversubscribed $75M Fund 1.
Topology backs founders who put everything on the line to bend the arc of human progress.
Meet us at the edge.@topology_vc pic.twitter.com/xAoZEjswQ9
— CASΞY (@caseykcaruso) December 12, 2024
One of Caruso’s most notable investments during her time at Paradigm includes key companies in the crypto ecosystem, such as Coinbase, Fireblocks, Optimism, Uniswap, and MakerDAO. These experiences have provided her with deep knowledge in the cryptocurrency space, which is one of the key areas where Topology plans to grow its portfolio.
Topology, a Fund Backed by Major Venture Capital Names
The Topology fund has not only been backed by Caruso, but it has also attracted some of the most important names in venture capital and technology. Among the investors are Marc Andreessen and Chris Dixon from Andreessen Horowitz, Bob Goodman from Bessemer, and an undisclosed OpenAI founder. Celebrity and entrepreneur Paris Hilton has also contributed to the fund, highlighting the firm’s appeal to investors from various sectors.
Despite a decline in global cryptocurrency investments, early-stage companies continue to receive significant interest, positioning Topology as a key player in this space. With its focus on innovative tech areas, Caruso hopes to foster the development of solutions that can have a profound impact on society
