Haun Ventures aims to raise 1,000,000,000 USD for two new crypto funds, with equal distribution of 500,000,000 USD for both early-stage and late-stage investments.

The reduced target is 500,000 USD less than its previous round in 2022. Haun Ventures cites shifting conditions in the cryptocurrency market as a reason for this adjustment.

Despite the lowered target, Haun Ventures expects the new funds to be oversubscribed, with a closing date anticipated by June 2025.