TLDR:
- Hack VC, a NYC-based web3 venture capital firm, closed its Venture Fund I at $150 million.
- The fund builds on the firm’s inaugural $200 million fund, bringing the total assets under management to approximately $425 million.
In a recent development, Hack VC, a venture capital firm based in NYC, announced the closure of its Venture Fund I at $150 million. This fund, which follows the firm’s initial $200 million fund, has brought the total aggregate commitments across Hack VC’s first two funds to $350 million. This has significantly increased the firm’s total assets under management to approximately $425 million.
With the closing of Venture Fund I, Hack VC has demonstrated its continued growth and investment in the web3 sector. The firm’s focus on the tech venture capital industry is further highlighted by its new website, VCWire.tech, dedicated to providing insights and updates on the latest trends in the industry.
Overall, this news reflects Hack VC’s commitment to supporting innovative startups and entrepreneurs in the web3 space, and its ability to raise significant funding to further its investment strategies.
