Crypto investor Katie Haun raises $1.5 billion for Web3 venture fund

cointelegraph.com:

Katie Haun, crypto investor and board member for Coinbase and OpenSea announced that she had raised $1.5 billion for her new fund, Haun Ventures.

On Tuesday, March 22, Haun posted an article on Twitter, briefly introducing the firm and sharing that the funds would be used to invest in Web3 projects.

Introducing @HaunVentures, a firm built for the next generation of the internet. We’ve raised $1.5 billion across two funds to invest in web3. An exciting first step, but the real work begins now. https://t.co/tBeE4OEJkD

The firm will invest through two funds, a $500 million early-stage fund, and a $1 billion acceleration fund. The two funds represent the largest debut on record for investment vehicles led by a female General Partner, according to data from PitchBook.

Haun stated that the firm will invest in “every layer of the web3 tech stack”, and seeks to back projects in both their early and growth stages, adding that the firm aims to have the projects it supports reach over 1 billion people.

The firm is also interested in shaping public opinion and government policy regarding web3 projects and crypto.

The Haun Ventures team consists of Chris Lehane, former Communications VP at Airbnb and Press Secretary for Vice President Al Gore, Sam Rosenblum, Former Director of Business Development at Coinbase, and Jared Cohen, Founder of Jigsaw, Google’s tech incubation company, serving as an advisor.

Haun has also brought talent with her from Andreessen Horowitz, with Tomicah Tillemann and Rachael Horwitz, both former partners, and Nick Pacilio, its former Head of Media Relations for crypto also joining her team.

Related: $100M fund aims to support the growth of decentralized machine economy

Previously, Haun served as a federal prosecutor