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Record Total: Katie Haun’s Crypto Fund Starts at $1.5 Billion

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Haun Ventures has previously invested in NFT platform Autograph, NFT marketplace Opensea, and crypto lending platform Moonwell.

Good Morning! While you slept, work continued elsewhere on the digital scene.

The main topics:

Katie Haun, a former partner at Andreessen Horowitz, officially launched her new cryptocurrency-focused venture capital firm on Tuesday. haun companies presented. Dedicated to supporting crypto startups, the venture capital firm starts with $1.5 billion in capital across two funds: a $500 million seed-stage fund and a $1 billion “Accelerator” fund. According to Pitchbook, it is the largest seed fund ever raised by a solo founding member.

“We are engaged in a grand experiment to build new incentive structures for the Internet that increase trust, transparency, privacy and opportunity,” the company said in a press release. These conditions call for a “different kind of venture capital,” he said. The Haun Ventures team has only nine members but has “plans to expand rapidly.” [Mehr bei CNBC, The Information und Techcrunch]

In Gründerszene you read today: dennis falk he gave up his corporate career to switch to a startup. After two years, he now returns to a group. What did she learn? [Mehr bei Gründerszene+]

And here are the other headlines of the night:

Elon Musk officially has the Tesla-Gigafactory opened in Brandenburg, the first Tesla production plant in Europe. Musk danced as the first German-made cars were delivered to 30 customers and their families. “This is a great day for the factory,” Musk said. He called the official launch of the plant “another step towards a sustainable future.” The Tesla CEO revived memories of the opening of the Shanghai factory in January 2020, where he also showed off his dancing skills. [Mehr bei Wall Street Journal, CNBC und Handelsblatt]

yuga labs, the startup behind the Bored Ape Yacht Club collection of non-expendable token artwork, has raised a seed round of $450 million. The startup is valued at $4 billion. Andreessen Horowitz led the funding with participation from Coinbase, Thrive Capital and others. Notable individual investors in the round include Mark Cuban, athlete and activist Colin Kaepernick, and musician-turned-cryptocurrency figure Snoop Dogg. [Mehr bei The Information, Bloomberg und Techcrunch]

Hong Kong-listed shares of alibaba rose more than 11 percent on Tuesday after the Chinese e-commerce giant announced it would increase the size of its share buyback program from $15 billion to $25 billion. The share buyback program will run for two years through March 2024, the company said. Alibaba is looking to boost investor confidence as the stock has lost around two-thirds of its value since hitting an all-time high in October 2020. [Mehr bei CNBC]

eight paths, a venture capital firm backed by US wealth management firm Fidelity, has announced that it will launch a new $350,000 technology mutual fund for China. Eight Roads is gearing up for more tech deals in China, even as venture capital investments in the world’s second-largest economy face growing uncertainty. Many publicly traded Chinese tech stocks such as Alibaba, Tencent, Meituan and Pinduoduo have fallen sharply over the past year due to China’s economic slowdown, a regulator crackdown on the internet sector and new listing restrictions. of Chinese companies in the US [Mehr bei The Information]

for some services Apple there were more failures on Tuesday. As of Monday, much of Apple’s online services and infrastructure went offline. Apple’s system status page said Tuesday that the issues were fixed nearly two hours after they began affecting some users. Those affected were Apple Music, podcasts, books and the App Store. iMessage, iCloud, Apple Maps and Apple TV, which were down on Monday, were unaffected on Tuesday. [Mehr bei The Verge, Wall Street Journal, Bloomberg und Handelsblatt]

Investments: Worldcoin, the crypto startup co-founded by former Y Combinator president Sam Altman, has raised $100 million from investors including Andreessen Horowitz. The new investment values ​​the company’s total token offering at $3 billion, according to The Information. American fintech startup Jeeves, which offers corporate cards, expense management and other services, has raised $180 million in a funding round led by investor Tencent. This puts Jeeves at a value of $2.1 billion. [Mehr bei The Information und The Information]

Our reading tip for Gründerszene: watch is AI-based software designed to avoid delivery bottlenecks and save costs. Investors such as Cherry Ventures and Visionaries Club support the supply chain tool with five million euros. [Mehr bei Gründerszene]

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Happy Wednesday!

Your editors Gründerszene

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