Haun Ventures Seeks $1 Billion For New Crypto Funds Amid Renewed Market Momentum

2025-03-22 03:20:22

(MENAFN- eTrendy Stock) Haun Ventures is gearing up for another major capital raise, aiming to secure $1 billion across two new crypto-focused funds. Founded by former federal prosecutor Katie Haun, the firm plans to split the raise evenly: $500 million for early-stage crypto startups and $500 million for more mature, late-stage projects.

This mirrors the structure of Haun Ventures' debut in 2022 when it launched with $1.5 billion-the largest first-time fund ever raised by a solo female VC.

The timing is notable. Haun's return to fundraising comes after a prolonged bear market that saw investor appetite for digital assets wane. However, with renewed political attention-particularly from Donald Trump's campaign-and signs of institutional capital returning, Haun Ventures appears poised to ride the next wave of growth.

While most firms rushed to deploy capital at the height of the last bull run, Haun Ventures took a slower approach. By mid-2023, it had deployed only 30% of its initial funds, giving it dry powder to invest in higher-quality deals as the market bottomed out. That strategy has earned praise from limited partners, and now, with the majority of its capital deployed, the firm is ready for the next phase.

A Team Built for Crypto's Next Chapter

Haun's track record has made the firm one to watch. After prosecuting blockchain-related crimes at the U.S. Department of Justice, she joined the board of Coinbase and later became a general partner at a16z crypto. Haun Ventures includes experienced operators from Coinbase, Airbnb, and the U.S. government-giving it a blend of policy insight and startup experience.

The firm's portfolio already includes companies like NFT platform Zora and stablecoin protocol Bridge. If the new funds close as expected in June, they will rank among the largest crypto VC raises since the last cycle, reinforcing Haun Ventures' position at the center of blockchain venture capital.

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