Key Takeaways
- • Katie Haun, General Partner at Andreessen Horowitz and the firm's first female GP (appointed 2018), is departing to launch Haun Ventures, a dedicated crypto and Web3 investment fund.
- • Haun Ventures has raised $1.5 billion, making it one of the largest debut venture funds raised by a solo female venture capitalist, with approximately $500 million allocated to early-stage companies and $1 billion reserved for an acceleration fund.
- • Haun co-led Andreessen Horowitz's $2.2 billion crypto fund (fully deployed as of the announcement), which she launched with Chris Dixon in 2018; Dixon remains at a16z to lead the firm's ongoing blockchain investment strategy.
- • Andreessen Horowitz will serve as a limited partner in Haun Ventures, with founders Marc Andreessen and Ben Horowitz, plus Dixon, making personal contributions to the new fund.
- • Haun's investment portfolio includes confirmed positions in OpenSea, Coinbase, Autograph, Aptos, and Moonwell, with board advisors spanning executives from a16z, Coinbase, Airbnb, Shopify, and Jigsaw, plus celebrity advisor Mindy Kaling.
Summary
Katie Haun is transitioning from her role as General Partner at Andreessen Horowitz to establish Haun Ventures, a new venture capital fund focused on cryptocurrency and Web3 investments. Haun's departure marks a significant move within the venture capital ecosystem, particularly given her prominence as a16z's first female general partner, a position she has held since 2018.
Haun brings substantial credibility to the crypto investment space through her unconventional background. A former federal prosecutor who clerked for U.S. Supreme Court Justice Anthony Kennedy, Haun built expertise in Bitcoin-related crimes and white-collar financial investigations before joining Andreessen Horowitz through a board connection at Coinbase. Her transition from law enforcement to venture investing underscores the institutional legitimacy now surrounding digital assets.
At Andreessen Horowitz, Haun co-founded the firm's crypto strategy alongside Chris Dixon in 2018, launching what she described as a "moonshot experiment" that exceeded expectations. The partnership raised multiple cryptocurrency-focused funds, culminating in a $2.2 billion fund raised in June 2021, which the firm fully deployed prior to her departure announcement. Dixon will remain at a16z to continue leading the firm's blockchain investments alongside three additional partners.
Haun Ventures has secured $1.5 billion in capital commitments, positioning it as one of the largest maiden funds raised by a solo female venture capitalist. The capital structure allocates approximately $500 million to early-stage investments and reserves $1 billion for an acceleration fund targeting later-stage Web3 companies. A16z will serve as a limited partner, with personal commitments from Andreessen and Horowitz as well as Dixon, signaling organizational alignment despite Haun's departure.
The fund's investment approach reflects breadth across the Web3 ecosystem. Confirmed portfolio positions include OpenSea, Coinbase, Autograph, Aptos, and Moonwell. The investment team comprises eight core members, supplemented by advisors including executives from Coinbase, Airbnb, Shopify, and Jigsaw, plus entertainment industry participation from actor and writer Mindy Kaling. Haun will maintain board seats at select a16z portfolio companies, including OpenSea and Coinbase, ensuring continuity of strategic involvement in the broader crypto infrastructure landscape.
Haun brings substantial credibility to the crypto investment space through her unconventional background. A former federal prosecutor who clerked for U.S. Supreme Court Justice Anthony Kennedy, Haun built expertise in Bitcoin-related crimes and white-collar financial investigations before joining Andreessen Horowitz through a board connection at Coinbase. Her transition from law enforcement to venture investing underscores the institutional legitimacy now surrounding digital assets.
At Andreessen Horowitz, Haun co-founded the firm's crypto strategy alongside Chris Dixon in 2018, launching what she described as a "moonshot experiment" that exceeded expectations. The partnership raised multiple cryptocurrency-focused funds, culminating in a $2.2 billion fund raised in June 2021, which the firm fully deployed prior to her departure announcement. Dixon will remain at a16z to continue leading the firm's blockchain investments alongside three additional partners.
Haun Ventures has secured $1.5 billion in capital commitments, positioning it as one of the largest maiden funds raised by a solo female venture capitalist. The capital structure allocates approximately $500 million to early-stage investments and reserves $1 billion for an acceleration fund targeting later-stage Web3 companies. A16z will serve as a limited partner, with personal commitments from Andreessen and Horowitz as well as Dixon, signaling organizational alignment despite Haun's departure.
The fund's investment approach reflects breadth across the Web3 ecosystem. Confirmed portfolio positions include OpenSea, Coinbase, Autograph, Aptos, and Moonwell. The investment team comprises eight core members, supplemented by advisors including executives from Coinbase, Airbnb, Shopify, and Jigsaw, plus entertainment industry participation from actor and writer Mindy Kaling. Haun will maintain board seats at select a16z portfolio companies, including OpenSea and Coinbase, ensuring continuity of strategic involvement in the broader crypto infrastructure landscape.
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