The newly-launched crypto venture firm KRH Partners has found a new partner in Polychain Capital and Coinbase alum Sam Rosenblum.
Kathryn Haun formed KRH Partners at the start of this year after departing a16z where she worked as a partner for its crypto investing unit. The fund secured a16z as a limited partner, and the two firms will likely continue to collaborate, a source told The Block last month.
Rosenblum announced his move to KRH Partners today on Twitter. Rosenblum was previously a general partner at Polychain Capital, and before that worked as Coinbase's director of business development. He joins as a partner and deal-team lead.
"We want to get crypto into the hands of one billion users by 2025, and to get there, we're investing at each layer of the crypto/web3 tech stack and backing companies, DAOs, and protocols across the early and acceleration stages," he said in a tweet.
The firm plans to manage two funds, a $300 million effort focused on early-stage investments and an additional $600 million fund to focus on larger companies and token projects. The firm has already made an investment in non-fungible token platform OpenSea's $300 million Series C round.
To get to that one-billion number, the firm plans to take a closer look at projects focused on infrastructure for scaling and addressing new markets that could be points of entry for crypto, according to Rosenblum.