PANews reported on March 22 that according to Fortune, people familiar with the matter revealed that former federal prosecutor Katie Haun is preparing two new crypto funds with a total size of US$1 billion, which are expected to be completed in June. US$500 million will be used in the early stage and US$500 million will be used in the later stage.

Previously, Paradigm announced that it would establish a third fund of $850 million in 2024, and Haun's new fund is expected to become one of the largest funds in the crypto venture capital field in the past two years. According to sources close to Haun Ventures, based on market trends, the company's overall financing target is lower than the previous financing target, but the two new funds may be oversubscribed.

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