🚨_Haun Ventures Targets $1 Billion for New Crypto Funds, Expects Oversubscription

Haun Ventures, a venture capital firm led by former federal prosecutor Katie Haun, is aiming to raise $1 billion to invest in the cryptocurrency sector. The funds, expected to close by June 2025, will be split equally between early-stage and late-stage investments, with $500 million allocated to each. The goal of $1 billion is lower than the $1.5 billion Haun Ventures raised in 2022, which was deployed during the crypto market downturn, largely after the collapse of FTX. However, the firm anticipates the new round will be oversubscribed, despite the smaller target

Other venture capital firms, such as Paradigm and Pantera Capital, are also aiming to raise substantial funds in 2024. Paradigm closed an $850 million investment fund in June 2024, while Pantera Capital is looking to raise over $1 billion for a new blockchain-focused fund. Industry analysts predict that while crypto VC investment in 2025 may surpass 2024’s funding levels, it will not reach the peak levels seen in the 2021 bull market when $33.8 billion was raised.