Haun Ventures announced $1 billion in new funds on Monday, with plans to back startups at the intersection of crypto, financial services, and AI agents — marking the firm's first formal push into the agentic economy.
According to Bloomberg, the new raise is divided equally across early and later-stage vehicles, with full deployment expected within a two-to-three year window. Haun Ventures founder and CEO Katie Haun said the firm intends to invest globally and is not abandoning its core focus on crypto and blockchain. "We're not pivoting to be an AI fund," she told Bloomberg. "We want to do AI that is in our lane."
Haun identified three areas where the firm plans to concentrate its new capital: rebuilding financial infrastructure such as payments, banking, and capital markets; tokenization of assets including commodities, securities, and derivatives; and the agentic economy, in which AI agents conduct financial transactions on behalf of humans and businesses. As an example of the latter, Katie Haun said the firm may fund startups building AI agents or supporting infrastructure that give consumers and businesses access to financial products at any time, according to Bloomberg.
Haun Ventures has already put money to work under this agentic framework. Among its positions is a major stake in Erebor, the digital bank backed by Palmer Luckey of Anduril Industries, which carried a valuation exceeding $4 billion in its most recent round, according to Bloomberg.
The new fund is smaller than the firm's debut raise. The 2022 debut fund totaled $1.5 billion, raised after Haun departed Andreessen Horowitz, the firm where she had made history as its first female general partner. The current fund is smaller in part because the team expects less dramatic swings in liquid token prices, limited partner Joelle Kayden, founder of Accolade Partners, told Bloomberg.
The firm has notched several significant returns from its first funds. Bridge, a stablecoin platform, was bought by Stripe for $1.1 billion — a dramatic increase over the $100 million price at which Haun Ventures had first taken a position, according to Bloomberg. Mastercard $MA's roughly $1.8 billion purchase of stablecoin company BVNK represented another win; Haun Ventures had entered that investment when the company was valued at $678 million. The firm also bought distressed crypto assets at a discount and sold a portion of those assets at peak prices in 2025, returning capital to investors, according to TechCrunch, citing unnamed sources.
NFT marketplace OpenSea has been a notable stumble: Haun Ventures bought in at a $13.3 billion valuation, only to see a major existing investor subsequently write the company's worth down to $1.4 billion, according to Bloomberg.
Haun Ventures manages more than $2 billion in assets under management, according to TechCrunch, citing PitchBook estimates.