- Haun Ventures aims to raise $1 billion across two new crypto funds by June 2025, allocating equal amounts to early and late-stage investments.
- This fundraising target is lower than the firm’s initial $1.5 billion raised in 2022, reflecting changing market conditions in the crypto sector.
- The initiative joins similar large-scale crypto fundraising efforts from Paradigm ($850M) and Pantera Capital ($1B+) in 2024, with stablecoins predicted to remain a key investment focus.
Haun Ventures is seeking to secure $1 billion for two new cryptocurrency investment funds within the next quarter, according to sources familiar with the matter who shared details with Fortune Crypto on March 21. The venture capital firm plans to divide the capital equally, with $500 million designated for early-stage crypto projects and another $500 million for later-stage investments.
Founded by Katie Haun, a former federal prosecutor and Coinbase board member, the firm has adjusted its fundraising expectations compared to its 2022 launch. Sources indicate that Haun deliberately set a lower target than the $1.5 billion secured during its inaugural round, citing the transformed market landscape in the crypto sector since then.
Despite the more conservative target, insiders suggest the funds will likely be “oversubscribed” when the fundraising concludes in June. If successful, this initiative will rank among the largest crypto funding rounds of the past two years, positioning Haun Ventures alongside other major players that have recently raised substantial capital.
The firm’s fundraising effort parallels similar moves by industry competitors. Paradigm finalized an $850 million investment fund in June 2024, while Pantera Capital sought to raise over $1 billion for a blockchain-focused fund in April of the same year.
Haun Ventures has maintained an active investment profile, recently participating in crypto asset management firm Bitwise’s $70 million funding round. Other notable investors in that round included Electric Capital, MassMutual, MIT Investment Management Company, and Highland Capital.
While the specific investment focus of Haun’s upcoming funds remains undisclosed, industry analysts predict stablecoins will continue to attract significant venture capital interest throughout 2025. Deng Chao, CEO of institutional asset manager HashKey Capital, recently told Cointelegraph that stablecoins represented the most proven use case for cryptocurrency in 2024.
Market projections from Infinity Hedge suggest crypto venture capital investment in 2025 will exceed 2024’s $13.6 billion figure but won’t reach the peak of $33.8 billion recorded during the 2021 bull market.
The venture capital landscape for cryptocurrency has shown signs of recovery after the market downturn, with data from The TIE indicating that 137 crypto companies collectively raised $1.11 billion in February 2025 alone.
Cointelegraph reportedly reached out to Haun Ventures for comment but received no response by publication time.
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