Haun Ventures

Katie Haun announced the launch of Haun Ventures, saying it had raised $1.5 billion to support the growth of web3 and would invest through two platforms: a $500 million early-stage fund and a $1 billion acceleration fund.⁠[1][1]

In the launch post she recounted that she had spent more than a decade at the U.S. Department of Justice prosecuting organized crime, murders, public corruption, prison gangs, white-collar crime, and money laundering, and in 2014 created one of the government’s first cryptocurrency task forces; after leaving government, Brian ArmstrongBrian ArmstrongBrian Armstrong is an American entrepreneur and the co-founder, Chairman, and Chief Executive Officer of the crypto asset trading platform Coinbase. He founded Coinbase in 2012, led the company to a direct listing on Nasdaq in 2021, and holds a majority of its voting power through a dual-class share structure; he also founded the scientific collaboration platform ResearchHub and co-founded the longevity research company NewLimit.Open the full entry recruited her to the Coinbase board in 2017, and with Chris Dixon she launched and scaled a dedicated crypto venture franchise.⁠[1][1]

In May 2022, Haun Ventures led the latest fundraise of the NFT protocol Zora; in June and August of the same year it announced investments in the DeFi lending protocol Euler and the web3 developer platform thirdweb.⁠[2][2][3][4]

After the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the mixing application Tornado Cash, Katie Haun wrote about its implications in September 2022; in October, she and James Rathmell argued that the government cannot shut down open-source software through sanctions that are not narrowly tailored, with Haun citing her decade prosecuting money launderers to stress that the fight against illicit finance must be legally sound.⁠[5][6][6]

At the end of October, James Rathmell wrote in response to the Commodity Futures Trading Commission’s (CFTC) enforcement action against Ooki DAO, criticizing “regulation by enforcement” and petitioning the commission to make rules on the liability of DAO participants; in November, Tomicah Tilleman, Chris Lehane, and James Rathmell responded on the firm’s behalf to the U.S. Treasury’s request for input on digital assets.⁠[7][7][8]

Soon after Haun Ventures launched, projects including Terra and FTX collapsed and crypto venture funding shrank sharply. In August 2023, Fortune reporters Leo Schwartz and Anne Sraders wrote in a feature that Haun had shown investors a deployment schedule of about two years while raising money, which had since been extended to about three years; as of mid-June 2023 the firm had deployed about 30% of its capital across about two dozen positions, roughly half of them in tokens. They argued that, because the firm charges management fees like other venture funds, it still faced pressure to put its capital to work; one limited partner said the firm was “not off to the races.” Haun Ventures declined to comment on its fees, and Haun herself turned down the reporters’ repeated interview requests.⁠[9][9][9][9][9][9][9]

The firm’s team of 11 hosted about 70 limited partners and portfolio founders at its Menlo Park office in April 2023 to present its progress; its backers included Saudi Arabia’s sovereign wealth fund, and the firm had not invested in FTX, which later went bankrupt. Fortune editor Jeff John Roberts commented that Haun’s cautious investing made sense, but that her disappearance from the media after FTX’s collapse would be harder for some to accept. Union Square Ventures co-founder Fred WilsonFred WilsonFred Wilson is an American venture capitalist, co-founder and partner of the New York venture firm Union Square Ventures (USV), and earlier co-founder, with Jerry Colonna, of the internet investment firm Flatiron Partners. He has written the blog AVC since 2003, chaired Etsy’s board for many years, and is a director of Coinbase.Open the full entry said that when Haun Ventures raised a second fund, it would need a tight story about how it had responded to the changing market.⁠[9][9][9][9][10][10][9]

In response, partner Sam Rosenblum said there were two ways to get pacing wrong in a changing market: going too fast or going too slow; spokesperson Rachael Horwitz said the firm’s time was best spent on investing. Haun’s team also said she had been working behind the scenes for a functioning regulatory framework. In September 2023, Katie Haun said at TechCrunch Disrupt that the firm had deliberately delayed some deployments after the market correction and considered it a good time to invest in the space; she clarified that the firm was not one $1.5 billion fund but two, a $500 million early-stage fund and an acceleration fund for later-stage projects, and said it did not intend to increase its size even in a bull market.⁠[9][9][10][11][11][11][11]

Diogo Mónica, co-founder of the crypto custody bank Anchorage Digital, joined Haun Ventures as a general partner and moved to executive chairman of Anchorage Digital’s board. He had led the platform security teams at Square (later renamed Block) and Docker and holds a PhD in computer science specializing in network security and distributed systems.⁠[12][12][12][12]

In March 2025, Haun Ventures planned to raise $1 billion for two new funds, split evenly between $500 million for early-stage and $500 million for late-stage projects, mirroring the structure of its first raise, with a target close in June 2025.⁠[13][13]

On the day the U.S. Senate passed the GENIUS Act, a stablecoin regulation bill, Katie Haun wrote that it was a watershed moment: for the first time Congress had advanced a comprehensive, bipartisan regulatory framework for stablecoins, laying the foundation for the digital future of the dollar.⁠[14][14]

Haun Ventures co-led an $82 million investment in the bitcoin life insurer Meanwhile with Bain Capital Crypto, with Pantera Capital, Apollo, and Northwestern Mutual also investing. Partner Chris Ahn wrote that he first met Meanwhile CEO Zac Townsend in 2022 and that the company turns bitcoin into regulated savings vehicles that can compound across decades.⁠[15][15][15]

On the day Erebor, a newly chartered bank under the U.S. Office of the Comptroller of the Currency (OCC), opened, Diogo Mónica wrote that Haun Ventures had backed the team since its very first round and was continuing its support in the Series B, and that he was joining Erebor’s board of directors.⁠[16][16]

Katie Haun announced $1 billion in new funds to keep backing founders building the new economy. She wrote that the firm is following three areas: new financial infrastructure, new assets and markets (including tokenization and prediction markets), and the “agentic economy,” in which AI agents carry out economic activity.⁠[17][17][17][17]

Haun Ventures ranked seventh on Fortune’s 2026 Crypto 100 list; the entry noted investments in the stablecoin startup Bridge, the stablecoin bank Erebor, and the custody firm Fireblocks, and that in May 2026 the firm raised another $1 billion to invest in digital asset companies and AI.⁠[18][18][18]

As an existing investor, Haun Ventures took part in Meanwhile’s $37.5 million round led by Bain Capital Crypto.⁠[19]

As of October 2026, Haun Ventures describes itself as investing at the frontier of money, markets, and assets, backing teams from the earliest stages through breakout growth, and investing not only in crypto-native teams but also in fintech, AI, and consumer platforms built on decentralized technology; the firm is headquartered in Silicon Valley, and its legal entity is Haun Ventures Management LP.⁠[20][20][21][21]

Members listed on the team page include founder and CEO Katie Haun, general partner Diogo Mónica, partners Chris Ahn and Breck Stodghill, general counsel James Rathmell, chief financial officer Kevin Bissell, and head of investor relations Suzanne Kim, among others.⁠[21][21][21][21][21][21][21]

Haun Ventures: Official website: https://haun.co/ (opens in a new window).⁠[22]

X: Public account: https://x.com/HaunVentures (opens in a new window)⁠[23]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/haun-ventures/ (opens in a new window)⁠[23]