Katie Haun has raised $1 billion for two new venture funds at Haun Ventures, expanding from crypto into AI agents and financial infrastructure. The new fund's largest bet so far is Erebor, Palmer Luckey's $4.35 billion digital bank. The funds will be split evenly between early and later-stage vehicles and be deployed over the next two to three years. Haun believes that AI agents will need regulated financial plumbing and firms that already understand how regulated money moves are best positioned to build it. The firm is one of the largest investors in digital bank founded by Luckey and backed by Peter Thiel’s Founders Fund. The expansion follows successful exits from her first fund, which included Stripe's $1.1 billion Bridge acquisition and Mastercard's $ 1.8 billion BVNK deal.