Crypto Venture Firm Hack VC Closes $150 Million Maiden Fund
Crypto venture firm Hack VC has recently announced the closure of its first dedicated venture fund, securing $150 million in capital commitments. This brings the firm’s total assets under management to approximately $425 million, solidifying its position as a key player in the web3 space.
A Long History in Web3
Founded by Alex Pack and Ed Roman in 2014, Hack VC has been a prominent investor in the web3 ecosystem for several years. The firm has backed over 100 projects, focusing on critical infrastructure and protocols for web3, decentralized finance, NFTs, and tokenization.
In a recent announcement, Pack and Roman highlighted their firm’s extensive experience in the crypto market, having invested through multiple market cycles. They remain bullish on web3’s long-term potential and are committed to supporting the growth of the ecosystem.
Betting on Web3’s Future
With the closure of their $150 million Fund I, Hack VC is doubling down on its belief in web3’s future. The firm aims to fund core blockchain technology projects that can drive mainstream adoption, drawing parallels between the current state of web3 and the early days of the internet.
Key investment thesis areas for Hack VC include secure web3 infrastructure, capital-efficient DeFi protocols, and the intersection of web3 and AI. The firm takes a thesis-driven approach to investing, focusing on long-term value creation rather than short-term hype cycles.
Positioning as a Leading Institutional Investor
With their latest capital raise, Hack VC is positioning itself as a leading institutional investor in the web3 space. The firm has previously backed successful startups such as Sui, EigenLayer, AltLayer, Goldfinch, and M0, and is committed to nurturing the next generation of foundational web3 projects.
As Hack VC continues to invest in critical infrastructure and protocols for web3, the firm remains optimistic about the future of the ecosystem. With $425 million in assets under management, Hack VC is well-positioned to support the growth and development of the web3 space.
