Crypto VC Giant Haun Ventures Targets $1B for New Funds, Expects Oversubscription
Crypto-focused venture capital firm Haun Ventures is reportedly aiming to raise $1 billion for two new investment funds within the next three months, according to a recent report by Fortune Crypto.
Fund Allocation and Strategy
The planned $1 billion raise will be split evenly between two funds:
- $500 million dedicated to early-stage crypto investments.
- $500 million allocated for late-stage crypto investments.
Sources familiar with the matter indicated that Haun Ventures expects the funds to be oversubscribed, reflecting strong investor interest despite current market conditions.
Lowered Expectations Amid Changing Market Conditions
Founded in 2022 by former Coinbase board member and federal prosecutor Katie Haun, the firm previously raised $1.5 billion in its initial funding round. However, due to different market conditions compared to 2022, Haun Ventures has set a lower fundraising target this time around.
The new fundraising round is expected to close by June and could become one of the largest crypto-focused raises in recent years. Similar-sized funds were recently pursued by other major crypto investors, including Paradigm and Pantera Capital.
Recent Crypto Funding Landscape
Crypto venture capital activity remains robust, with recent notable fundraises including:
- Paradigm’s $850 million fund closed in June 2024.
- Pantera Capital’s ongoing efforts to raise over $1 billion for blockchain-focused investments.
- Bitwise’s recent $70 million funding round, in which Haun Ventures participated alongside Electric Capital, MassMutual, MIT Investment Management Company, and Highland Capital.
Stablecoins Expected to Remain a Key Focus
While Haun Ventures has not publicly disclosed specific investment targets for the new funds, industry experts anticipate stablecoins will continue to attract significant attention from venture capitalists in 2025. Deng Chao, CEO of HashKey Capital, recently highlighted stablecoins as the strongest proven crypto use case in 2024.
Market analysts predict overall crypto VC investment in 2025 will surpass 2024 levels but remain below the peak of the 2021 bull market, when funding reached $33.8 billion.
Quick Summary
- Haun Ventures seeks $1 billion for two new crypto investment funds.
- Funds split evenly between early-stage and late-stage investments.
- Firm expects oversubscription despite lower target compared to previous raise.
- Stablecoins and crypto infrastructure remain key investment themes.
