Svmuu, Haun Ventures, the venture capital firm founded by former a16z general partner and former U.S. federal prosecutor Katie Haun, has completed a new $1 billion fundraise. The funding is split roughly equally into an early-stage fund and a late-stage fund, each approximately $500 million. Over the next two to three years, the firm will primarily invest in crypto and blockchain startups, while also expanding into intersecting sectors such as AI Agents, fintech, and alternative assets. The closing of this fund signals that crypto venture capital continues to attract large-scale, long-term capital even after a cyclical downturn, and is gradually shifting towards the convergence of AI and on-chain applications.
Katie Haun stated that the fund will adopt a global investment strategy going forward, focusing on emerging companies that integrate financial services, artificial intelligence, and on-chain infrastructure, continuing its long-term investment footprint in the digital asset space. (Bloomberg)