Crypto investor Kathy Haun, a board member of Coinbase and OpenSea, announced that she has raised $ 1.5 billion for her new Haun Ventures fund.

On Tuesday, Haun tweeted in an opinion piece I gave briefly and said that the money will be used to invest in Web3 projects.

The company will invest through two funds: a $ 500 million early-stage fund and a $ 1 billion accelerator fund. The two funds represent the largest debut ever for a public partner-led investment fund, according to PitchBook.

The company will invest in “each layer of the web3 technology table” and is committed to supporting projects in both the early growth and growth phases, Haun said, adding that the company aims to reach more than 1 billion people in the projects it supports.

The company is also interested in shaping public opinion and public policy regarding Web3 projects and cryptocurrencies.

“We will partner with our portfolio to lead a global Web 3 campaign that combats misconceptions, engages decision makers, highlights positive uses and wins the hearts and minds of leaders across all sectors.”
The Haun Ventures team consists of former Airbnb vice president of communications and Al Gore spokesman Chris Lehane, former Coinbase director of business development Sam Rosenblum, and founder of Jigsaw, Google’s technology incubator, Jared Cohen, who works as a consultant.

Haun also drew her talent from Andreessen Horowitz: Tomika Tillemann and Rachel Horwitz, former partners, as well as Nick Pacilio, former head of crypto-media relations, also joined her team.

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Hawn has previously served as a federal attorney for 10 years at the US Department of Justice (DOJ), where she established one of the first government working groups on cryptocurrency:

“During this work, the enormous potential of these technologies quickly became clear. Like any tool, it can be used for better or worse, but we have only just begun to scratch the surface of the good.”
Hawn left her position at the Department of Justice and pursued a career in cryptocurrency, joining the Coinbase Board in 2017. In June 2021, she co-chaired Andreessen Horowitz, a $ 2.2 billion crypto-focused venture capital fund, the largest venture capital fund. of among its kind. While.

In December last year, Haun announced her departure from Andreessen Horowitz to focus on her cryptocurrency and Web3 fund.

Venture capital firms are increasingly focusing on cryptocurrency as a study conducted last year found that venture capital financing reached new heights every quarter of 2021, with $ 25.2 billion going to the start-up of the blockchain, up 713% from $ 3.1 billion. dollars in 2020.

Source: CoinTelegraph

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