Haun Ventures, led by Katie Haun of a16z, raises $1.5 billion for Web 3.0 investments

Haun Ventures, the firm associated with Katie Haun, a former general partner at Andreessen Horowitz (a16z), attracted $1.5 billion in two crypto funds focused on Web 3.0.

According to Axios, the funding was provided by a16z, some of the firm’s partners, endowments, charitable organizations and family offices.

“We will invest across the entire stack of Web 3.0. There remains innovative potential in specialized blockchains, but Layer 2 solutions may be the key to solving some of the problems of Web 2.0, such as identity and security,” — Haun said.

Haun Ventures focuses on developer tools, end-to-end NFT services and software for digital-asset taxation.

$500 million will go into a structure for investments in early-stage startups, $1 billion into creating an accelerator.

Investments are contemplated in both equity and tokens. To pursue the latter, the firm intends to become a registered investment adviser (RIA).

Haun left a16z for her own project in December 2021.

As a managing partner at Andreessen Horowitz, Haun participated in some of the firm’s most notable investments, including deals with OpenSea, Celo, Arweave and Royal. The current CEO of Haun Ventures was also co-chair of a crypto fund worth more than $2.2 billion.

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