Katie Haun has broken the record for the largest amount of funds raised by a solo female founding partner.
to a CNBC report, though, her fund managed to raise nearly twice the money she intended at first – $1.5 billion. Thus, she broke Mary Meeker’s record of the largest amount raised by a solo female founding partner.
She noted that the funds will primarily go for crypto projects and Web3-oriented companies, claiming that this is the “new era of the Internet, and it deserves a new era of investors.” “That’s something I’ve learned through being involved in deploying three other crypto funds: there’s still a ton of potential in crypto and Web3 equity business models, but also token business models. I don’t think that you can really be a crypto investor without holding tokens.” – she added.
Haun’s new fund will be divided into two segments. $500 million will go for early-stage companies, while the remaining $1 billion will be for later-stage projects. The past several months have seen a rapidly increasing number of companies and crypto projects allocating funds towards the upcoming Web3. Some examples include
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