Venture capital firm Haun Ventures is on track to raise $1 billion through two new crypto-related investment funds in the coming months. This ambitious initiative, if successful, would allocate $500 million to early-stage crypto investments, while the other half would target late-stage opportunities, as reported by sources familiar with the matter. This endeavor reflects a strategic pivot in response to the evolving landscape of the cryptocurrency market.
Founded by former Coinbase board member and federal prosecutor Katie Haun in 2022, the firm’s goals appear more modest compared to the $1.5 billion it raised during its inaugural funding round in March 2022. The shift in target figures can be attributed to the different market conditions that currently prevail. Despite these lowered expectations, Haun remains optimistic, forecasting that the new funds will garner oversubscription.
Adapting to a Changing Landscape
Haun Ventures secured a substantial $1.5 billion shortly after launching its operations, with notable hires from prestigious organizations like Airbnb, Coinbase, and Google’s incubator, Jigsaw. The upcoming fundraising round is set to close in June and is anticipated to be one of the largest fundraising efforts in the cryptocurrency sector over the past two years. Notably, other venture capital firms, such as Paradigm and Pantera Capital, are also targeting similar amounts for their upcoming funds.
137 crypto companies raised a combined $1.11 billion in funding in February 2025. Source: The TIE
In June 2024, Paradigm successfully closed an $850 million investment fund, while Pantera Capital attempted to raise over $1 billion for its new blockchain-focused fund earlier in April. Such activities signal a renewed interest in the cryptocurrency market, hinting that investors are eager to capitalize on the growing opportunities.
The Future of Crypto Investment Focus
Recently, Haun Ventures participated in a $70 million funding round for crypto asset management firm Bitwise, alongside notable investors including Electric Capital, MassMutual, and MIT Investment Management Company. Although the specific target sectors for Haun’s new funds haven’t been disclosed, industry analysts suggest that stablecoins will continue to attract significant investment in 2025.
Deng Chao, CEO of institutional asset manager HashKey Capital, recently remarked that stablecoins represent one of the most promising use cases for cryptocurrency, building on the prevailing sentiment that they will remain a focal point for VCs as we move forward.
Market analysts from Infinity Hedge forecast that crypto VC investment in 2025 will exceed figures from the prior year, although it is unlikely to reach the heights observed during the 2021 bull market. These predictions underscore a trend of cautious optimism as the cryptocurrency sector continues to develop.
As the funding landscape evolves, many eyes will be on Haun Ventures and its potential impact on the future of crypto investments, especially in an environment shaped by rapid change and new developments.
