Former a16z Founder Katie Haun’s Crypto VC Fund Raises $1.5 Billion


Former federal prosecutor Katie Haun’s crypto venture capital fund has raised $1.5 billion to invest in crypto-related startups.

Webp.net-resizeimage - 2022-03-23T181412.819.jpg

Track live crypto price of 10000+ coins!


Haun, Andreessen Horowitz’s first female general partner, announced Tuesday to complete a $500 million early-stage fund and another $1 billion for more established startups focused on web3 after leaving a16z in December,

Still, Haun said in an interview that:

“it’s not a bad time to deploy a crypto fund” despite those challenges. The extreme volatility is reminiscent of the first two crypto funds I deployed. What I learned from those funds is that great founders and great projects are going to be built in every cycle.”

Haun said her funds will be deployed for at least two years “and invest in digital tokens and equity in areas ranging from decentralized financial applications to NFTs and so-called decentralized autonomous organizations (DAOs).”

“I did not fit the mold of the traditional venture investor,” she said in the interview. “I think we need more people who don’t fit the mold. I think web3 really needs those voices.”

Haun Ventures is currently a team of nine, with a roster that includes Sam Rosenblum, who was a general partner at Polychain Capital, and Chris Lehane, who was previously on the executive management team at Airbnb.

Related:  SBI Holdings to buy controlling stake in BITPoint for about $99 million, Cryptonews reports

In addition, plans to expand the team size.

Lehane, chief strategy officer at Haun Ventures, said he would focus on partnering with different promising cryptocurrency startups, crafting relevant battles to make their products more mainstream, and addressing regulatory issues early.

Image source: Shutterstock


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: