Haun Ventures, founded by Katie Haun, plans to raise $1 billion for two new investment funds aimed at the crypto industry.
Funds for Early and Late-Stage Investments
Haun Ventures plans to allocate $500 million to early-stage crypto investments and the remaining $500 million to late-stage projects. This information was reported to Fortune Crypto on March 21.
Market Condition Changes and Expectations
The firm, founded in 2022 by former Coinbase board member Katie Haun, cited different market conditions as the reason for not aiming for the $1.5 billion it raised in March 2022. Despite this, Haun Ventures expects the new funds to be oversubscribed, following a successful first funding round raising $1.5 billion.
Plans and Predictions for the Crypto Industry in 2025
While the specific focus of Haun's upcoming funds is not yet public, other venture capitalists have predicted continued interest in stablecoins going into 2025. Haun Ventures recently participated in Bitwise's $70 million funding round, alongside investors such as Electric Capital and MIT Investment Management Company.
Amid challenging current market conditions, Haun Ventures' high expectations for the new funds highlight sustained interest in the crypto industry.
