Key Takeaways
- • Haun Ventures raised $1.5 billion across two funds, according to Bloomberg, marking a major fundraise for a firm led by former federal prosecutor Katie Haun.
- • The firm announced a $500 million early-stage fund alongside a $1 billion fund targeting more mature startups.
- • The funds will focus on web3, a decentralized vision of the internet built on blockchain technology, cryptocurrencies, and nonfungible tokens (NFTs).
- • The launch follows Haun's departure from Andreessen Horowitz (a16z), positioning the firm as an independent crypto-focused venture platform.
Summary
Former federal prosecutor Katie Haun has raised $1.5 billion for her new venture capital firm, Haun Ventures, according to Bloomberg. The firm announced on Tuesday, March 22, 2022, that it had closed a $500 million early-stage fund alongside a $1 billion fund for more mature startups.
Both vehicles will target web3, which Bloomberg describes as a more decentralized vision of the internet powered by blockchain technology, cryptocurrencies, and nonfungible tokens. The scale of the raise positions Haun as a significant allocator in the crypto venture ecosystem, and the dual-stage structure indicates an intention to invest across the lifecycle from early-stage companies to later-stage growth businesses.
The fundraise comes after Haun's departure from Andreessen Horowitz, where she had led crypto investing efforts. The article frames the capital raise as evidence of her standing in the crypto investing community. Further details on portfolio construction, limited partner composition, and fee terms were not disclosed in the source material.
Both vehicles will target web3, which Bloomberg describes as a more decentralized vision of the internet powered by blockchain technology, cryptocurrencies, and nonfungible tokens. The scale of the raise positions Haun as a significant allocator in the crypto venture ecosystem, and the dual-stage structure indicates an intention to invest across the lifecycle from early-stage companies to later-stage growth businesses.
The fundraise comes after Haun's departure from Andreessen Horowitz, where she had led crypto investing efforts. The article frames the capital raise as evidence of her standing in the crypto investing community. Further details on portfolio construction, limited partner composition, and fee terms were not disclosed in the source material.
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