%HaunVentures has raised $1.5 billion U.S. for a new %Cryptocurrency fund, a record amount for a venture capital firm run by a woman.
The amount raised by Haun Ventures, which is led by Katie Haun, represents the largest amount ever raised by a solo female founding partner, according to deal website Pitchbook.
Former investment banker Mary Meeker held the previous record with a $1.3 billion U.S. fund.
The new fund will invest in cryptocurrencies, non-fungible tokens (%NFTs), and Web 3.0, which refers to general computing applications built on the blockchain, the same technology underlying %Bitcoin ($BTC) and other digital assets.
Haun Ventures says it will focus its investments on start-up equity, and, in some cases, the cryptocurrencies issued by those start-ups, also known as tokens.
Haun’s fund will be divided into two segments: $500 million U.S. for early-stage companies and protocols, and $1 billion U.S. for later-stage projects.
The fund’s launch comes during a bear market for Bitcoin. The world’s biggest cryptocurrency is currently down 40% from its peak last November at a current price of $42,200.00 U.S. per coin.