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CoinTelegraph 2025-03-22 02:03:51

Crypto VC giant targets $1B for new funds, expects oversubscription — Report

Venture capital firm Haun Ventures is reportedly looking to raise $1 billion for two new crypto-related investment funds within the next three months. If successful, $500 million will be allocated to early-stage crypto investments, while the remaining $500 million will go toward late-stage crypto investments, people familiar with the matter told Fortune Crypto on March 21. Different market conditions to 2022 led to lowered expectations The VC firm, founded by former Coinbase board member and federal prosecutor Katie Haun in 2022, reportedly did not aim for the $1.5 billion it raised in its highly praised funding round in 2022. It cited different market conditions as the reason for the lower target. However, Haun reportedly expects the two new funds will be “oversubscribed.” In March 2022, Haun secured $1.5 billion in the company’s first funding round, shortly after its launch. Haun had also recruited former executives from Airbnb, Coinbase and Google tech incubator Jigsaw . The firm’s latest fundraising round is set to close in June and is expected to be one of the largest in crypto funding in the past two years. Venture capital firm Paradigm and digital asset investment manager Pantera Capital both sought similar amounts in 2024. 137 crypto companies raised a combined $1.11 billion in funding in February 2025. Source: The TIE In June 2024, Paradigm closed an $850 million investment fund , while in April, digital asset investment manager Pantera Capital sought to raise over $1 billion for a new blockchain-focused fund. VCs predict that stablecoins will continue to be a focus in 2025 More recently, Haun Ventures participated in crypto asset management firm Bitwise’s $70 million funding round alongside investors such as Electric Capital, MassMutual, MIT Investment Management Company, and Highland Capital. While the specific focus of Haun's upcoming crypto funds is not publicly known yet, other venture capitalists have recently predicted that stablecoin interest will continue into 2025. Related: Venture capital firms invest $400M in TON blockchain Deng Chao, CEO of institutional asset manager HashKey Capital , recently told Cointelegraph that stablecoins were the strongest proven use case for crypto in 2024. Meanwhile, market analyst Infinity Hedge predicted that crypto VC investment in 2025 would surpass last year’s levels but wouldn’t approach the peak recorded during the 2021 bull market. VC crypto funding in 2021 reached $33.8 billion, while in 2024 it reached $13.6 billion . Cointelegraph reached out to Haun Ventures but did not receive a response by time of publication. Magazine: Dummies guide to native rollups: L2s as secure as Ethereum itself

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