Haun Ventures, the venture capital firm established by former federal prosecutor Katie Haun, has announced its ambitious plan to raise $1 billion for two new funds. This significant capital injection will be evenly divided, with $500 million earmarked for early-stage crypto startups and another $500 million dedicated to late-stage projects.
This move comes on the heels of Haun Ventures’ record-breaking debut in 2022, when it launched with a groundbreaking $1.5 billion fund—marking the largest amount ever raised by a first-time female venture capitalist. The firm has quickly established itself as a key player in the venture capital space, focusing on blockchain infrastructure and digital assets.
Its portfolio includes a variety of high-profile investments, ranging from stablecoin protocols to non-fungible token (NFT) platforms, showcasing its diverse interests within the cryptocurrency ecosystem.
The decision to raise additional funds signals Haun Ventures’ confidence in the long-term prospects of the cryptocurrency industry, despite the recent turbulence that has characterized the market. Many crypto assets have experienced significant fluctuations, prompting questions about the sustainability of various projects.
However, Haun and her team believe that the fundamental technology driving blockchain and crypto innovations will continue to thrive. By targeting both early-stage and late-stage projects, Haun Ventures aims to support a wide spectrum of companies, from those just starting out to more established firms looking to scale their operations.
The new funds are expected to close by June, allowing Haun Ventures to deploy capital strategically as opportunities arise, with the firm stating that by investing in promising startups and established projects alike, it can position itself at the forefront of the next wave of innovation in blockchain technology.
Shogun Lin
