TLDR:
- Hack VC is a web3 venture capital firm focused on infrastructure investments within the Web3 space.
- The firm has raised a $150 million opportunity fund in a bear market, bringing total AUM to about $425 million.
Hack VC is transforming the web3 industry by partnering with hackers to build the future of the internet. The firm’s managing partner, Alex Pack, has a strong background in the crypto space and has seeded hundreds of Web3 startups. Hack VC’s thesis has evolved to focus on infrastructure investments, leveraging their in-house tech platform, Hack.Labs, for network participation. The firm has achieved significant milestones, including raising a $150 million opportunity fund and advising over 100 Web3 projects.
Hack VC has successful investments in projects like a decentralized derivatives exchange and Crusoe Cloud, a unicorn valued at over a billion dollars. The firm’s differentiation lies in its hyper-focus on the crypto space, rigorous diligence process, and hands-on support for portfolio companies. Despite challenges faced during market downturns, Hack VC aims to continue investing in early-stage web3 opportunities to drive mainstream adoption.
Moving forward, the firm aims to advance infrastructure and security in the Web3 space while contributing to mainstream adoption. Additionally, Hack VC is keen on exploring emerging technologies like gen AI and regulatory improvements for the long-term viability of the crypto sector.
