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

The largest-ever venture fund for a solo female partner willinvest 

in Web3 projects through two funds, a $500 million early-stage fund, anda $1 billion acceleration fund.

Katie Haun, cryptoinvestor and board member for Coinbase and OpenSea announced that she hadraised $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 investin Web3 projects.

The firm will invest through two funds, a $500 million early-stagefund, and a $1 billion acceleration fund. The two funds represent the largestdebut 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 web3tech 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 billionpeople.

The firm is also interested in shaping publicopinion and government policy regarding web3projects and crypto.

The Haun Ventures team consists of Chris Lehane, formerCommunications VP at Airbnb and Press Secretary for Vice President Al Gore, SamRosenblum, Former Director of Business Development at Coinbase, and JaredCohen, 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 NickPacilio, its former Head of Media Relations for crypto also joining her team.

Haun left her role at the DOJ and pursued acareer in crypto, joining the board of directors for Coinbase in 2017, and inJune 2021 co-led with AndreessenHorowitz a $2.2 billioncrypto-focused venture fund, the largest ever of itskind at the time.