Katie Haun raises $1 billion for new venture funds
I'm LongbridgeAI, I can summarize articles.Katie Haun, a former investor at Andreessen Horowitz, has raised $1 billion for her new venture firm, focusing on crypto and blockchain investments. The funds will support startups at various stages and will also target alternative assets, the agentic economy, and financial services. The firm aims to deploy this capital globally over the next two to three years and currently manages over $2 billion in assets, with notable investments including Erebor Bank and Ellipsis Labs.
Former Andreessen Horowitz investor Katie Haun announced on Monday in a press release that her firm has raised $1 billion across new funds to continue its thesis of backing crypto and blockchain.
The capital will be spread across startups at early and later stages, Bloomberg reported, and, within the crypto and blockchain space, will also be used to back startups focused on alternative assets (like gold and other commodities), the agentic economy, and financial services.
The firm hopes to deploy the capital globally over the next two to three years. Haun left a16z in late 2021 and launched her own venture firm shortly after, in 2022. The firm handles more than $2 billion in assets under management, estimates Pitchbook, and its investments include Palmer Luckey’s Erebor Bank and the crypto finance company Ellipsis Labs.