Long Journey Ventures, an early-stage venture capital firm co-led by Cyan Banister, Arielle Zuckerberg, and Lee Jacobs, has announced a new fund of $181.8 million. This fund, which has been in development for five years, aims to support unconventional tech startup founders described as 'magically weird.' The firm operates out of a Victorian house known for its quirky culture, including barefoot work environments. The fund's unique amount, $181,818,181.80, is inspired by Jewish numerology, where the number 18 symbolizes 'life.' Lee Jacobs, one of the co-founders, stated that the fund reflects a commitment to supporting life and creation, influenced by his reaction to the October 7, 2023, attack on Israel. In parallel, Haun Ventures, led by former federal prosecutor Katie Haun, is raising $1 billion across two new crypto-focused funds. These funds will allocate $500 million each to early-stage and late-stage investments, with a planned close in June 2025. Haun Ventures previously raised $1.5 billion in 2022. Observers note that the crypto venture capital market is currently experiencing significant activity.
[FORTUNE] Katie Haun raises $1 billion for new crypto funds, allocating $500 million to early-stage projects and $500 million to late-stage investments, with a planned close in June
Scoop: @katie_haun is raising $1 billion for two new crypto funds—after finally deploying most of the $1.5B she raised in 2022! By @leomschwartz https://t.co/nOLkvA9jsO
According to Fortune, former federal prosecutor Katie Haun is raising two new crypto funds totaling $1 billion, with a planned close in June. The funds, managed by her firm Haun Ventures, will follow the same structure as her 2022 debut, allocating $500 million to early-stage