Haun Ventures Seeks $1 Billion for New Crypto Funds

Haun Ventures, founded by former federal prosecutor Katie Haun, is reportedly seeking to raise $1 billion for two new funds focused on cryptocurrency investments, with a target closure date in June 2025. The new capital will be evenly divided, allocating $500 million to early-stage blockchain startups and $500 million to late-stage investments. This fundraising effort follows Haun Ventures' previous success in 2022 when it raised $1.5 billion, the largest debut fund for a solo female venture capitalist, although the current goal is lower due to the recent downturn in the crypto market. Despite the challenges, industry experts anticipate the new round will be oversubscribed as interest in stablecoins and blockchain technology continues to grow. Haun's background in law and her experience at Coinbase and Andreessen Horowitz have positioned her well within the evolving landscape of digital assets. The upcoming funds signal a potential resurgence in investor confidence within the cryptocurrency sector amidst changing regulatory sentiments.