Kathryn Haun, a Coinbase board member, has raised $1.5 billion to launch her crypto investment fund. Let’s get an update on this announcement.
Crypto investment fund Haun Ventures
Her name may not ring a bell, yet Kathryn Haun is a major figure in the crypto ecosystem. The latest evidence is the launch of her new investment fund, Haun Ventures
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
– Kathryn Haun (@katie_haun) March 22, 2022
A total of $1.5 billion has been raised, divided into two parts with distinct objectives. The first will be a seed fund for Web 3.0 projects, to which $500 million will be allocated. The remaining $1 billion will be allocated to a second fund to accelerate the growth of projects already launched.
Kathryn Haun has an optimistic vision of what Web 3.0 could be, and she wants to be an active participant in building it through her new investment fund:
“Web 3.0 is not just about the Internet.
Web 3.0 has expanded beyond its financial origins and now provides the technological building blocks to power the next iteration of the digital world. [We are committed to creating an ecosystem […] that future generations will admire. This is an exciting first step, but the real work begins now. “
From Justice to Cryptocurrency
Stanford-educated Kathryn Haun has an extensive resume. For 11 years, she first worked for the U.S. Department of Justice, her areas of focus included organized crime, money laundering, corruption and cybercrime.
This experience led him to work with the FBI, the Securities and Exchange Commissions (SEC) and the US Treasury. It was during this time that she was led, in 2014, to create one of the first cryptocurrency working groups. This then marked her debut in our ecosystem.
Kathryn Haun has been a board member of Coinbase since 2017, and the following year became a partner and co-chair at a16z, the investment fund of Andreessen Horowitz. Since last year, she has also been a board member of OpenSea, the popular non-fungible token (NFT) sales platform.
In its own way, Haun Ventures will participate in the expansion of the blockchain and crypto-asset ecosystem, supporting projects that may revolutionise Web 3.0. In any case, this is a global trend we are seeing: venture capital funds have increased their investments by +500% from 2020 to 2021.
