"Katie Haun emphasizes that Haun Ventures is not pivoting to become an AI fund, but rather focusing on AI within the financial services sector. The firm is interested in startups that develop AI agents and infrastructure to improve access to financial products, aiming to eliminate outdated constraints like wiring deadlines."
"The new fund's largest investment is Erebor, a digital bank founded by Palmer Luckey, which has a valuation of $4.35 billion. This reflects Haun's strategy of investing in firms that understand regulated financial systems, positioning them to build necessary infrastructure for AI agents."
Katie Haun has raised $1 billion for two new venture funds at Haun Ventures, focusing on crypto and blockchain while expanding into AI agents and financial infrastructure. The funds will be deployed over the next two to three years, with a specific thesis that the next generation of autonomous software will require regulated financial plumbing. Haun Ventures aims to support startups that enhance access to financial products, avoiding general-purpose AI and focusing on the intersection of autonomous software and regulated finance.
Read at TNW | Cryptocurrency
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