Haun Ventures, the crypto-focused venture capital firm founded by former Coinbase board member Katie Haun, is seeking to raise $1 billion for two new investment funds over the next three months. Half of the capital will be allocated to early-stage crypto projects, while the other half will target late-stage investments.
Funding and Plans of Haun Ventures
The fundraising effort comes amid changing market conditions compared to 2022, when the firm raised $1.5 billion during its debut funding round. Despite lowering its target this time, the VC firm anticipates the funds will be 'oversubscribed,' indicating strong investor interest in the crypto sector.
Funding Round Set to Close in June
The latest Haun Ventures fundraising round is expected to close by June 2025 and could become one of the largest crypto-focused VC rounds in the past two years. The firm’s initial round in March 2022 was a standout, marking one of the largest crypto venture raises at the time.
Investment Directions and Crypto VC Trends for 2025
While the specific focus of Haun’s upcoming funds has not been disclosed, industry analysts predict that stablecoins will remain a major area of interest in 2025. Recently, Haun Ventures participated in Bitwise’s $70 million funding round, joining heavyweights like Electric Capital and MassMutual. Meanwhile, HashKey Capital CEO Deng Chao noted that stablecoins were the most reliable crypto use case in 2024, suggesting the sector will continue to attract substantial VC funding next year.
Although VC investment in 2025 is expected to surpass 2024 levels, it will likely fall short of the $33.8 billion raised during the 2021 bull market.
