Former Andreessen Horowitz investor Katie Haun announced in a press release Monday that her company has raised $1 billion through a new fund to continue its philosophy of supporting cryptocurrencies and blockchain.
The funds will be distributed across early- and late-stage startups and will be used to support startups in the crypto and blockchain space that focus on alternative assets (such as gold and other commodities), agency economics, and financial services, Bloomberg reports.
The company hopes to deploy its capital globally over the next two to three years. Haun retired from a16z at the end of 2021 and launched his own venture company in 2022. PitchBook estimates that the company has more than $2 billion in assets under management, and its investments include Palmer Luckey's Elever Bank and crypto finance company Ellipsis Labs.