Katie Hoon returned to the process of collecting donations. The former Federal Prosecutor, who achieved $ 1.5 billion for investment funds for the first time in 2022, is targeting one billion dollars through two new two classes focusing on encryption, according to people familiar with donation. Its company, Haun Ventures, is expected to close, the increase in June.
A spokesman for Haun Ventures rejected the comment.
Haun launched the project company at the height of the Crypto Bull Crypto market, raising $ 1.5 billion – The largest ever By a female for the first time VC. At that time, the latest in a series of mega companies by companies that focus on Blockchain, including Andrien Horwitz’s encryption arm, Polychain, and model. Haun divided the capital via two-500 million dollars for projects in the early stage and one billion dollars for the late stage. Its prominent investments include StableCoin Startup and NFT Platform Zora.
The new funds will have the same structure, although $ 500 million for the early stage and $ 500 million for the late stage, according to the familiar people.
The new Haun money is preparing to be one of the largest climbing operations throughout the area of ​​encrypted projects in the past two years, and comes after the model announced a third fund worth $ 850 million in 2024. According to a source closely with Haun Ventures, the company targeted increasing its total of previous funds based on market trends, but the new pleasure is likely to be respected.
Public Prosecutor encryption
Haun took an unconventional path to the encryption industry, as it began as a public prosecutor working on Blockchain issues, including a high -level decrease in rogue federal agents who stole encryption while investigating the dark web market. After her time in the Ministry of Justice, she joined Coinbase as a member of the Board of Directors and became a general partner at Venture Beheemoth A16z Crypto before starting alone.
The first increase of Hun came in an unpaid moment. The encryption industry entered the long bear market just as its initial money was closed, as it drowned more when the FTX encryption collapsed in November 2022. Haun avoided investing in FTX, unlike other adventure giants including software, although she still found herself running a huge war of capital with shock.
The company initially planned a schedule for nearly two years, although it has published only 30 % of its money by June 2023 – a more measured tactic supported by many of its limited partners, or investors. Today, Haun Ventures is close to publishing its initial money balance, according to the source close to the company.
Haun will run its new fund at a time when the encryption industry is at a crucial crossroads. Although this sector ascends thanks to President Trump’s support, which supervised government reform that extends forward with new legislation and more sympathetic federal agencies, higher encrypted currency rates have also erupted due to unconfirmed total conditions, partly due to Trump’s economic policies.
Although Hun has mostly remained on public appearances in encryption conferences, she issued political advertisements on X, including Celebration The Securities and Stock Exchange Committee’s decision to drop the lawsuit against Coinbase. She was also active in the circle of political donations, including Hosting Franch Hill’s Financial Service Head of the Franch Hill happened in October.
Haun Ventures investments largely focused on encryption infrastructure projects, including Bridge Stablecoin’s support before they acquired $ 1.1 billion by Stablets Unicorn Stripe, along with Stablecoin Bvnk. It also invested in the second salaries of Crypto Unicorn Chainalysis and Fireblocks.
Its team lost two main members last year, including the operating partner Chris Lean, who joined Openai as the chief global affairs official, and the investor, Sam Rosenblum, who joined Wallet Wallet Phantom as Vice President. Lehan is still a consultant. Haun Ventures, founder of Anchorage Diogo Mónica, added as a general partner last May.
This story was originally shown on Fortune.com
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