Crypto VC Giant targets $ 1B for new funds, Oversubscription is expected – Report

Venture Capital Firm Haun Ventures has been reported looking to raise $ 1 billion for two new investment -related funds within the next three months.

If successful, $ 500 million will be allocated to investments in the early stages of crypto, while the remaining $ 500 million will go to investments in the late phase, the people who are familiar with the matter said Fortune Crypto on March 21.

Different market conditions in 2022 led to decreased expectations

The VC firm, founded by former Coinbase Board and Federal Prosecutor Katie Haun board in 2022, has been reported unseen views of $ 1.5 billion raised in March 2022. It noted the various market conditions as the lower target.

However, Haun reported that the two new funds were “oversubscribe.” In March 2022, Haun gained $ 1.5 billion at the first company’s funding, shortly after its launch. Haun also recruited former executives from Airbnb, Coinbase and Google Tech Incubator Jigsaw.

The latest fundraising of the company is set to close in June and is expected to be one of the biggest crypto funding over the last two years. Venture Capital Firm Paradigm and Digital Asset Investment Manager Pantera Capital both demanded a similar value in 2024.

In June 2024, Paradigm closed a $ 850 million investment fundWhile in April, the Digital Asset Investment Manager Pantera Capital sought to raise more than $ 1 billion For a new blockchain -focused fund.

VCS predicts that Stablecoins will continue to focus on 2025

Most recently -well, Haun Ventures participated in the Crypto Asset Management Firm of $ 70 million funds next to investors such as electric capital, massmutual, MIT Investment Management Company, and Highland Capital.

While the specific focus of Haun’s upcoming crypto funds has not been publicly known, other venture capitalists have recently predicted that Stablecoin’s interest will continue by 2025.

Related: Venture Capital companies invested $ 400m in Ton Blockchain

Deng Chao, CEO of institutional Asset Manager Hashkey CapitalCointelegraph recently said that Stablecoins was the strongest proven use case for crypto in 2024.

Meanwhile, the Market Analyst Infinity Hedge predicted that the Crypto VC investment in 2025 exceeded last year’s levels but would not approach the climax recorded in the 2021 Bull Market.

Cointelegraph reached Haun Ventures but did not receive a response through the time of publication.

Magazine: Guide to Dummies in Native Rollups: L2S as secure as Ethereum itself