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

Quick Take

  • Former DOJ prosecutor Katie Haun’s venture firm is raising $1 billion in fresh capital to invest in early and late-stage blockchain startups.
  • The firm previously raised $1.5 billion, which it largely deployed following the crypto market downturn in 2022. 

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.


Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AUTHOR

Daniel Kuhn is a Senior Journalist and Editor at The Block, where he covers the crypto industry with a particular focus on tech. He previously served as deputy managing editor of opinion/features at CoinDesk. He first appeared in print in Financial Planning, a trade publication magazine. Before journalism, he studied philosophy as an undergrad, English literature in graduate school and business and economic reporting at an NYU professional program. You can connect with him on Twitter and Telegram @danielgkuhn or find him on Urbit as ~dorrys-lonreb.

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To contact the editor of this story: Lawrence Lewitinn at [email protected]

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