Cryptocurrency “Pink Ball” Katie Haun Raises $ one.five Billion for New Web3-Focused Investment Fund

Katie Haun, managing companion of Andreessen Horowitz (a16z), and board member of Coinbase and OpenSea, announced that she has raised $ one.five billion for her new fund.

On March 22, Katie Haun posted a submit on her personalized web page to briefly introduce the new investment fund “Haun Ventures” and share that the newly raised income will be employed to invest in tasks. Web3 Project. Katie Haun entered the Top ten Crypto Characters of 2021, so her place in the industry is rather considerable.

Presentation @HaunVentures, a firm constructed for the following generation of the world wide web. We raised $ one.five billion on two money to invest in web3. An fascinating initially phase, but the authentic get the job done starts now. https://t.co/tBeE4OEJkD

– Kathryn Haun (@katie_haun) March 22, 2022

The firm will invest by way of two money, a $ 500 million early stage fund and a $ one billion accelerator fund. According to information from PitchBook, these two money signify record funding in the cryptocurrency marketplace for single girl-led investment money. Notably, Haun mentioned the new fund will entirely emphasis on investing in each and every underlying blockchain with Web3 engineering and will seek out to help tasks even in the early phases of protocol advancement.

“We will companion with our portfolio to carry out a worldwide campaign for Web3 to increase blockchain awareness. To assistance engage policymakers, highlight optimistic use situations, and win the hearts of leaders across sectors. “

The Haun Ventures staff will incorporate a quantity of high quality names this kind of as Chris Lehane – former Vice President of Communications at Airbnb, Press Secretary to Vice President Al Gore, Sam Rosenblum – former Head of Business Development at Coinbase and Jared Cohen, founder of Jigsaw, L ‘ Google’s engineering incubator, serves as a advisor.

Katie Haun’s most current move is rather understandable, in particular looking at several venture capital companies are escalating their emphasis on cryptocurrencies. The most current investigate exhibits that cryptocurrency funding has reached new heights in each and every quarter of 2021, with $ 25.two billion earmarked for blockchain startups, up 713% from $ three.one billion in 2020.

More especially, the Web3 marketplace is also remaining witnessed as the initially priority location for the investment giants to get started out. Despite the “flickering” warnings from Web2 creator Tim O’Reilly in February, the industry has been constantly seeing several large-worth investments in Web3 in latest occasions. The most notable are Bessemer ($ 250 million), Griffin Gaming Partners ($ 750 million), The Graph ($ 205 million) and Stacks ($ 165 million).

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