TechFlow reports, citing Fortune, that Haun Ventures, the venture capital firm founded by former a16z partner Katie Haun, raised $1.5 billion for its cryptocurrency fund but has deployed only 30% of the capital one and a half years after its launch. Although the original plan was to fully deploy the fund within two years, Haun Ventures now intends to extend the deployment timeline to approximately three years due to the bear market.
As of mid-June this year, the firm has allocated around 30% of its capital across more than 20 projects, including publicly traded tokens such as BTC and ETH. Haun Ventures declined to disclose detailed holdings information.
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