Hack VC raised $150 million in a venture fund for Web3 projects
The venture capital company Hack VC has raised $150 million for a fund called Venture Fund I, focused on supporting projects for the Web3 ecosystem.
We wrote all about our new $150M Venture Fund (which brings our AUM to ~$420M) in our latest blog. Check it out for more on our vision for the fund, deep conviction in web3, and excitement to support our founders. Read more: https://t.co/zTPDe2mE4V
— Hack VC (@hack_vc) February 20, 2024
The firm intends to use the funds to finance startups developing Web3 infrastructure in the field of security, DeFi, real-world asset tokenization (RWA) and solutions at the interface with AI.
The amount of investments will range from "several hundred thousand dollars" for individual founders to "millions" in established teams.
According to the statement, Hack VC previously raised $200 million in the first seed fund. The value of assets under management of the company is approximately $425 million.
Source: https://forklog.com/news/hack-vc-privlekla-150-mln-v-venchurnyj-fond-dlya-web3-proektov
