TLDR
- Hack VC remains bullish on crypto and Web3, raising $150 million for its first venture fund.
- The firm’s total assets under management exceed $425 million, with a focus on technical infrastructure.
Summary
Hack VC, a Web3 venture capital firm, has raised $150 million for its first venture fund, building upon its initial $200 million crypto fund raise. The firm has weathered multiple market cycles and remains committed to investing in technical infrastructure for blockchain development. With a focus on security, scalability, and performance in blockchain technology, Hack VC is looking toward the future of Web3. The company’s co-founders, Alex Pack and Ed Roman, are dedicated to funding core blockchain technology and have an unwavering belief in the potential of Web3. While some trends in the Web3 space, such as NFTs and gaming, may fluctuate, Hack VC’s focus remains on reliable and predictable businesses, such as DeFi and infrastructure investments. The company aims to invest in early-stage projects and support founders through its in-house tech platform, Hack.Labs(). As the Web3 space continues to evolve, Hack VC is positioning itself to support innovation and growth in the industry.
