Venture capital guru Katie Haon (VC) has reportedly raised $ 900 million for two crypto funds following her departure from Andersen Horowitz.
Haon establishes the new venture capital firm KRH after parting ways with Andresen, where it served as a general partner for three years and together led the $ 2.2 billion venture capital firm’s crypto fund.
The $ 900 million fundraiser represents one of the major debuts of a new venture capital firm.
The Financial Times Quotes Three people with knowledge of the subject Because Haun plans to raise $ 300 million for a fund designed to make early investments in cryptocurrency startups. The remaining $ 600 million will be allocated to a separate fund you request Invest in larger companies and digital tokens. Andreessen also pledges about $ 50 million to the funds as an anchor investor, or the first entity to pledge to the fund.
The announcement comes with an increase in investments in crypto startups. Value of risk investments in the industry Zinc 384% from $ 3.1 billion in 2020 to $ 15 billion by the third quarter of 2021, according to intelligence company CB Insights.
Although Haon is leaving Andersen (a16z), she says she will continue to work with the venture capital firm.
“I will of course cooperate with them – they are like a family. As a board member, I will continue to work on managing the existing a16z crypto portfolio and retain my board seats.”
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