Türkçe
Español
The rising momentum in the cryptocurrency market is enabling many crypto companies to secure significant investments. Accordingly, Web3 startup firm Hack VC has attracted attention by securing an investment worth $150 million for its first venture fund, named Venture Fund 1. According to the company team’s statement, the raised fund has increased the firm’s total assets under management to $425 million.
Significant Moves from Hack VC
Hack VC plans to use the funds to finance early-stage ventures developing infrastructure at the intersection of security, capital-efficient decentralized finance, and Web3 with artificial intelligence. Hack VC Founding Partner Alex Pack and Managing Partner Ed Roman made a joint statement on the matter:
“We distribute funds everywhere from a few hundred thousand dollars to incubators or solo founders, up to a few million dollars to projects we believe in. We also allocate capital to support our protocols on the blockchain.”
Previously in the spotlight, Hack VC co-led a $5.1 million seed round last year for the DeFi application Affine Protocol, as well as recently leading funding rounds for the rollups platform AltLayer and the crypto-native artificial intelligence platform ImgnAI.
Other firms in Hack VC’s portfolio include Mysten Labs, EigenLayer, and ConsenSys. The firm also announced its support for the Web3 conference Hack.Summit, planned to be held in Hong Kong in April.
Investor Support in the Crypto Sector
The rising momentum in the cryptocurrency market, led by Bitcoin, is enabling many projects to receive significant investments and accelerate their product development processes. The process that started especially with Celestia continues to draw attention to roll-up projects day by day.
The receipt of investments by crypto companies is leading to the emergence of airdrop events and significant earnings for Web3 users, who in turn make substantial investments in the ecosystem. This circulation initiates processes that contribute to the increasing value of the bull market in the crypto sector day by day.
