Coinbase board director and former federal prosecutor Kathryn Haun is announcing the launch of her new venture fund supporting Web 3.0, the next generation of the internet based on decentralized blockchain technology.
Haun tells her 92,500 followers on Twitter that her venture capitalist firm Haun Ventures just raised $1.5 billion, representing the largest debut fund amount by a female venture capitalist.
“Introducing Haun Ventures, a firm built for the next generation of the internet. We’ve raised $1.5 billion across two funds to invest in Web3. An exciting first step, but the real work begins now.”
In a statement announcing the fund’s launch, Haun says that Web 3.0 will spur a new generation of crypto investors.
“This goes beyond asking how to be helpful – it’s about being an active, committed participant in the community and operating in a way that advances the values of Web3. Many crypto-native firms have been built this way from day one and other firms entering crypto will need to cross over. Beyond providing capital, we will contribute to Web3 in two specific ways to start and plan to layer in other capabilities as we learn and grow.”
The capital raised will be invested in two funds. Haun says that $500 million will be allocated to an early-stage fund and $1 billion to an acceleration fund.
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