Haun Ventures seeks $1 billion to fund crypto startups: report

Haun Ventures, founded by Andreessen Horowitz alumna Katie Haun, is raising $1 billion to launch two new crypto-focused funds. When closed, the raise, according to Fortune, would mark the largest venture financing deal since the beginning of President Trump’s second term. 

The funding round is expected to close in June. Haun will split the capital 50/50, investing $500 million in early-stage projects and $500 million in late-stage projects. This is similar to Haun’s founding capital of $1.5 billion, which was raised in 2022 ahead of the crypto market decline. 

Haun Ventures was started amid a wave of mega raises by crypto firms, including a record-setting $4.5 billion raise by a16z Crypto, a financial backer of Haun. 

This most recent funding round comes amid a thawing of the regulatory freeze around crypto, given Trump’s open support of the industry. On Thursday, Trump reiterated his commitment to making the U.S. the crypto capital of the world.  

Katie Haun previously served as a Coinbase board member and general partner at a16z. She retired from Coinbase last year. Before that, she was a prosecutor for the Justice Department.

Haun Ventures initially planned to deploy its first $1.5 billion over a two-year period, though it took a more cautious approach following the collapse of FTX in late 2022. By the middle of 2023, the firm was still sitting on about 60% of its capital. Haun’s notable investments include NFT firm Zora and stablecoin protocol Bridge, which Stripe recently acquired for $1.1 billion.

Editor's note (March 22, 2025): Clarifies Katie Haun's role at the DOJ and the funds LPs.