Haun ventures to raise $1 billion for crypto startups amid industry optimism
Haun ventures to raise $1 billion for crypto startups
Haun Ventures, the venture capital firm led by former federal prosecutor Katie Haun, is seeking to raise $1 billion in new funding to support early and late-stage crypto startups.
If successful, the raise would be the largest crypto-focused VC deal since the beginning of President Donald Trump’s second term and signals renewed investor confidence in the digital asset space, according to a report from Fortune.
The funding round, expected to close in June, will be split evenly: $500 million will go to early-stage blockchain ventures, while the remaining half will support later-stage projects. Haun Ventures previously raised $1.5 billion in 2022 during a wave of large-scale crypto fundraises, including a record $4.5 billion round by a16z Crypto, where Haun formerly served as a general partner.
Strategic deployment after a cautious 2022
Haun Ventures was launched just before the crypto market downturn, and its initial $1.5 billion fund was deployed conservatively following the collapse of FTX in late 2022. By mid-2023, the firm had allocated only about 40% of that capital. Notable investments to date include NFT platform Zora and stablecoin protocol Bridge, which was acquired by Stripe for $1.1 billion.
Katie Haun’s background brings a blend of legal and crypto expertise. A former DOJ prosecutor who helped lead the Silk Road investigation, Haun later joined the Coinbase board and was instrumental in shaping a16z’s early crypto strategies before founding her own firm.
Growing investor optimism under pro-crypto administration
This latest fundraising effort comes amid a shift in U.S. regulatory sentiment, driven in part by President Trump’s renewed support for the crypto industry. On Thursday, Trump reiterated his administration’s commitment to making the U.S. a global hub for digital assets.
With regulatory uncertainty easing and capital beginning to flow again, Haun Ventures’ ambitious new fund could serve as a bellwether for the next wave of crypto startup growth.
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