2 days ago
Haun Ventures is reportedly targeting $500,000 little than its important backing circular successful 2022, citing antithetic conditions successful the cryptocurrency market.
Venture superior steadfast Haun Ventures is reportedly looking to rise $1 cardinal for 2 caller crypto-related concern funds wrong the adjacent 3 months.
If successful, $500 cardinal volition beryllium allocated to early-stage crypto investments, portion the remaining $500 cardinal volition spell toward late-stage crypto investments, radical acquainted with the substance told Fortune Crypto connected March 21.
Different marketplace conditions to 2022 led to lowered expectations
The VC firm, founded by erstwhile Coinbase committee subordinate and national authoritative Katie Haun successful 2022, reportedly did not acceptable its sights connected the $1.5 cardinal it raised successful March 2022. It cited antithetic marketplace conditions arsenic the crushed for the little target.
However, Haun reportedly expects the 2 caller funds volition beryllium “oversubscribed.” In March 2022, Haun secured $1.5 cardinal successful the company’s archetypal backing round, soon aft its launch. Haun had besides recruited erstwhile executives from Airbnb, Coinbase and Google tech incubator Jigsaw.
The firm’s latest fundraising circular is acceptable to adjacent successful June and is expected to beryllium 1 of the largest successful crypto backing successful the past 2 years. Venture superior steadfast Paradigm and integer plus concern manager Pantera Capital some sought akin amounts successful 2024.
137 crypto companies raised a combined $1.11 cardinal successful backing successful February 2025. Source: The TIE
In June 2024, Paradigm closed an $850 cardinal concern fund, portion successful April, integer plus concern manager Pantera Capital sought to rise implicit $1 billion for a caller blockchain-focused fund.
VCs foretell that stablecoins volition proceed to beryllium a absorption successful 2025
More recently, Haun Ventures participated successful crypto plus absorption steadfast Bitwise’s $70 cardinal backing circular alongside investors specified arsenic Electric Capital, MassMutual, MIT Investment Management Company, and Highland Capital.
While the circumstantial absorption of Haun's upcoming crypto funds is not publically known yet, different task capitalists person precocious predicted that stablecoin involvement volition proceed into 2025.
Related: Venture superior firms put $400M successful TON blockchain
Deng Chao, CEO of organization asset manager HashKey Capital, precocious told Cointelegraph that stablecoins were the strongest proven usage lawsuit for crypto successful 2024.
Meanwhile, marketplace expert Infinity Hedge predicted that crypto VC concern successful 2025 would surpass past year’s levels but wouldn’t attack the highest recorded during the 2021 bull market.
Cointelegraph reached retired to Haun Ventures but did not person a effect by clip of publication.
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