A16z Alum Katie Haun Raises $1.5B for 2 New Crypto Venture Funds

The money is being split between an early-stage fund and an “acceleration” fund.

AccessTimeIconMar 22, 2022 at 8:02 p.m. UTC
Updated Mar 22, 2022 at 8:26 p.m. UTC

Brandy covers crypto-related venture capital deals for CoinDesk.

Katie Haun, a former partner at venture capital firm Andreessen Horowitz (a16z), has raised $1.5 billion for two new crypto-focused funds for her new firm, Haun Ventures, according to an announcement post. Axios previously reported the news.

  • The funds included $500 million for an early-stage fund and $1 billion for an acceleration fund, amounts that are noteworthy for a new fund set up by a single person.
  • Backing came from a16z and some of that firm’s individual partners, as well as from university endowments, charitable foundations and family offices, according to Axios.
  • Haun, who spent more than 10 years as a prosecutor with the Department of Justice, told Axios that Haun Ventures will seek to become a registered investment advisor (RIA), which would remove caps on the amount of capital that can be used for token purchases. A16z and Sequoia Capital both went the RIA route with their firms.
  • “We’re energized by the opportunity to invest in every layer of the web3 tech stack, and will back projects in their early stages as well as when they are ready to accelerate growth,” Haun said in her post.
  • Haun, who sits on the boards of crypto exchange Coinbase and NFT (non-fungible token) marketplace OpenSea, announced in December she would be leaving a16z to start her own firm focused on crypto and Web 3.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Brandy covers crypto-related venture capital deals for CoinDesk.

CoinDesk - Unknown

Brandy covers crypto-related venture capital deals for CoinDesk.

Trending

1
CoinDesk - Unknown
El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says

The last purchase by the Central American country had been in May.

CoinDesk - Unknown
2
CoinDesk - Unknown
VanEck Files New Application for Spot Bitcoin ETF

The application comes about eight months after the SEC rejected the investment firm’s last application.

CoinDesk - Unknown
3
CoinDesk - Unknown
First Mover Asia: Speculating on Tokenized Carbon Offsets Won't Help Climate Crisis, Says Consultant; BTC Falls Under $19K Amid Wider Crypto Woes

A significant number of carbon credits are from projects 8-10 years old; Ether and other major altcoins plummet.

CoinDesk - Unknown
4
CoinDesk - Unknown
Crypto Lender Celsius Network Exploring Options to ‘Preserve and Protect’ Assets

Celsius Network is consulting with experts to try to reduce the fallout from its mid-June swoon.

CoinDesk - Unknown