From Yahoo Finance: 2025-03-21 15:40:00

Katie Haun, the former federal prosecutor who raised $1.5 billion for her debut venture funds in 2022, is now targeting $1 billion for two new crypto-focused funds through her firm, Haun Ventures. The fundraising is expected to close in June, with $500 million allocated for early-stage projects and $500 million for late-stage investments.

Haun’s first venture fund was the largest ever raised by a first-time female VC, splitting the capital between early-stage and late-stage projects. Her notable investments include stablecoin startup Bridge and NFT platform Zora. The new funds will follow a similar structure, with $500 million for each stage.

Haun’s new funds are set to be one of the largest in the crypto venture space in recent years. Despite market trends influencing the fundraising target, the two new funds are expected to be oversubscribed. Haun’s unconventional path into the crypto industry started with her work as a prosecutor on blockchain-related cases before joining Coinbase and a16z crypto.

The crypto industry is facing a crucial crossroads, with support from the government but price volatility due to uncertain macro conditions. Haun, known for avoiding public appearances at crypto conferences, has made political statements on social media. Her firm’s investments focus on crypto infrastructure projects like stablecoin firms Bridge and BVNK.

Despite two key team members departing, Haun Ventures added Anchorage cofounder Diogo Mónica as a general partner. The firm plans to manage its two new funds amid a shifting crypto landscape. Haun’s strategic deployment of funds and investment focus have positioned her as a prominent figure in the crypto venture space.



Read more at Yahoo Finance: Crypto VC giant Haun Ventures raising $1 billion for two new funds amid Trump-driven blockchain boom