Enterprise capital agency Haun Ventures is reportedly seeking to increase $1 billion for two new crypto-related funding funds inside the subsequent three months.
If profitable, $500 million will likely be allotted to early-stage crypto investments, whereas the remaining $500 million will go towards late-stage crypto investments, folks conversant in the matter told Fortune Crypto on March 21.
Completely different market circumstances to 2022 led to lowered expectations
The VC agency, based by former Coinbase board member and federal prosecutor Katie Haun in 2022, reportedly didn’t intention for the $1.5 billion it raised in its extremely praised funding spherical in 2022. It cited totally different market circumstances as the explanation for the decrease goal.
Nevertheless, Haun reportedly expects the 2 new funds will likely be “oversubscribed.” In March 2022, Haun secured $1.5 billion within the firm’s first funding spherical, shortly after its launch. Haun had additionally recruited former executives from Airbnb, Coinbase and Google tech incubator Jigsaw.
The agency’s newest fundraising spherical is about to shut in June and is anticipated to be one of many largest in crypto funding previously two years. Enterprise capital agency Paradigm and digital asset funding supervisor Pantera Capital each sought related quantities in 2024.
137 crypto corporations raised a mixed $1.11 billion in funding in February 2025. Supply: The TIE
In June 2024, Paradigm closed an $850 million investment fund, whereas in April, digital asset funding supervisor Pantera Capital sought to raise over $1 billion for a new blockchain-focused fund.
VCs predict that stablecoins will proceed to be a spotlight in 2025
Extra not too long ago, Haun Ventures participated in crypto asset administration agency Bitwise’s $70 million funding spherical alongside traders corresponding to Electrical Capital, MassMutual, MIT Funding Administration Firm, and Highland Capital.
Whereas the particular focus of Haun’s upcoming crypto funds isn’t publicly identified but, different enterprise capitalists have not too long ago predicted that stablecoin curiosity will proceed into 2025.
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Deng Chao, CEO of institutional asset manager HashKey Capital, not too long ago instructed Cointelegraph that stablecoins have been the strongest confirmed use case for crypto in 2024.
In the meantime, market analyst Infinity Hedge predicted that crypto VC funding in 2025 would surpass final 12 months’s ranges however wouldn’t method the height recorded throughout the 2021 bull market. VC crypto funding in 2021 reached $33.8 billion, whereas in 2024 it reached $13.6 billion.
Cointelegraph reached out to Haun Ventures however didn’t obtain a response by time of publication.
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