Wednesday, May 29, 2024
HomeTechnologyKatie Haun raises $1.5 billion for her new firm, “Haun Ventures”

Katie Haun raises $1.5 billion for her new firm, “Haun Ventures”

Katie Haun, who co-led Andreessen Horowitz’s (a16z) crypto department until December 2021, has raised $1.5 billion for her new firm, ‘Haun Ventures,’ to launch two new crypto-focused funds. The crypto fund aims to concentrate on Web 3.0, the internet’s future.

Haun further expressed her thoughts:

“We’re excited about the prospect of investing in every layer of the Web3 tech stack, and we’ll support projects at all phases of development, as well as when they’re ready to scale up.”

Katie Haun filed a Form ADV with the SEC under the name KRH Partners after quitting a16z in December 2021. The crypto VC firm has been operating under the name “placeholder” until recently, when it was given the name Haun Ventures.

Haun Ventures has raised $1.5 billion, making it the largest launch fund ever raised by a single female venture capitalist. Haun will divide the funds raised into two funds: an early-stage fund and an “acceleration” fund. Early-stage investments will receive $500 million, while the acceleration fund for later-stage businesses will receive $1 billion.

According to the study, Haun received support from a16z and some of the firm’s individual partners. Haun Ventures has received funding from university endowments, philanthropic institutions, and family offices, among others. The fund, according to Katie Haun, aims to attract a new generation of investors to Web 3.0, which she refers to as the “next phase of the internet.”

Read more: Upshot raises $22 million in funding led by Polychain

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.


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