Hack VC, a San Francisco, CA-based crypto-native investment firm, launched a $200M Crypto Seed Fund.
The vehicle will invest in crypto, web3, and blockchain startups. This includes both protocols and companies that are advancing the next frontier of web3, including DeFi, web3 infrastructure, DAOs and their tooling, NFT infrastructure, and more.
Co-led by Managing Partners Alex Pack and Ed Roman, the fund is backed by Sequoia Capital, Fidelity, a16z’s Marc Andreessen and Chris Dixon, Accolade Partners, Digital Currency Group, and numerous institutional investors and endowments.
Alex Pack was previously a co-founder and Managing Partner of Dragonfly Capital, a multi-billion dollar cryptofund, as well as a co-founder of Imperii Partners, a leading crypto-specialist investment bank. Prior, he helped launch the crypto practice at Bain Capital Ventures.
Ed Roman was previously CEO of 3 startups, has authored a best-selling book on programming, and has invested as a VC for the last 4 years under the Hack VC brand.
To date, the fund has invested in real-world DeFi lending protocol Goldfinch Finance, NFT identity platform Yat, web3 infrastructure provider Mysten Labs, fixed-rate DeFi protocol Element.fi, and blockchain metaverse game SynCity, among others. For startups looking for a crypto-native partner visit Hack.VC to learn more.
Hack VC has an in-house Crypto Lab – a technology platform with a dedicated team of crypto engineers and quant researchers that provides institutional-grade support for crypto networks, liquidity provisioning in DeFi, and governance for DAOs. It also has its own developer community with hack.summit(), a large blockchain programmer event and a worldwide community with 130K+ attendees across 157 countries. 100% of funds raised from hack.summit() go towards tech diversity, such as Black Girls Code and Women Who Code, to encourage the next generation of blockchain and crypto engineers. Hack VC also hosts the programming and crypto job board HackJobs.org.
FinSMEs
28/02/20221