The Crypto VC giant is targeting $1 billion for new funding.

Venture capital firm Horn Ventures is reportedly trying to raise $1 billion for two new crypto-related investment funds within the next three months.

If successful, $500 million will be allocated to early stage crypto investments, while the remaining $500 million will be directed to late stage crypto investments.

Market conditions that differ from 2022 have lowered expectations

Founded in 2022 by former Coinbase board member and federal prosecutor Katie Havn, the VC company reportedly wasn't aiming for the $1.5 billion raised in 2022 through highly-rated funding.

However, Haun reportedly expects the two new funds to be “oversubscribed.” In March 2022, Haun secured $1.5 billion in the company's first funding round shortly after its launch. Haun was also recruiting former executives from Airbnb, Coinbase and Google Tech Incubator Jigsaw.

The company's latest funding round is expected to close in June and is expected to be one of the biggest crypto funds in the last two years. Venture capital firm paradigm and digital asset investment manager Pantera Capital sought similar amounts in 2024.

In June 2024, Paradigm closed its $850 million investment fund, but in April, Digital Asset Investment Manager Pantera Capital tried to raise more than $1 billion for the new blockchain-centric fund.

VCS predicts that stubcoin will continue to be the focus of 2025

Most recently, Haun Ventures has participated in a $70 million funding for Crypto Asset Management company Bitwise, along with investors such as Electric Power Capital, MassMutual, MIT Investment Management Company and Highland Capital.

While the specific focus of Haun's upcoming Crypto Funds has not yet been made public, other venture capitalists have recently predicted that Stablecoin's profits will continue into 2025.

Related: Venture capital firms invest $400 million in ton blockchain

Deng Chao, CEO of Institutional Asset Manager Hashkey Capital, recently told Cointelegraph that Stablecoins was Crypto's most powerful and proven use case in 2024.

Meanwhile, market analyst Infinity Hedge predicted that crypto VC investments in 2025 will surpass last year's levels, but will not approach the peak recorded in the 2021 bull market. VC Crypto's funding reached $33.8 billion in 2021, and by 2024 it reached $13.6 billion.

Cointelegraph contacted Haun Ventures but did not receive a response by the time of publication.

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