Katie Haun’s Haun Ventures lead $50 Million round in NFT startup Zora Labs
- ByStartupStory | May 7, 2022
Katie Haun’s new firm called, Haun Ventures has led its first deal in NFT startup Zora Labs. The $50 million funding round values the company at an astounding USD 600 million.
Zora’s protocol allows developers as well as artists to create NFT collections and marketplaces. Zora has its primary marketplace where users can list NFTs, similar to OpenSea, but the major chunk of NFTs sold on its protocol take place on third-party sites. Crypto organizations like publishing startup Mirror and collective FWB have also leveraged Zora’s protocol to sell NFTs to community members.In addition to Haun Ventures, backers in the funding round include Kindred Ventures and Coinbase Ventures. Haun also notably led OpenSea’s Series B funding while at a16z, earning a seat on the board.
“Haun Ventures is dedicated to backing teams building a better internet,” partner Sam Rosenblum wrote in a blog post. “As Web3 expands and NFT use cases along with it, we believe Zora is well-positioned to grow into one of the most important projects in the Web3 ecosystem”, added Sam. “Zora began its journey with the shared belief that creativity should never be gatekept by the suits, corps, and institutions,” Zora co-founder Jacob Horne also wrote in a separate blog post announcing the deal.
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