DeFi

Million

Pack

Partner

Celestia

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/web3-startup-hack-vc-raises-150-million-for-new-venture-fund">Web3 Startup Hack VC Raises $150 Million for New Venture Fund</a><br></p>
<p style="text-align: justify"> Web3-oriented startup Hack VC has successfully garnered a $150 million investment for its inaugural Venture Fund 1, propelling the company’s overall managed assets to $425 million. The firm plans to channel these funds into supporting early-stage companies at the nexus of Web3, security, and capital-efficient decentralized finance (DeFi) integrated with artificial intelligence (AI). </p> 
<h2 id="strategic-funding-directions">Strategic Funding Directions</h2> 
<p style="text-align: justify"> Hack VC, with its newfound capital, aims to provide financial injections ranging from several hundred thousand dollars for incubators and individual founders to multi-million dollar support for promising initiatives. The firm’s Founding Partner Alex Pack and Managing Partner Ed Roman express their intent to also back protocols active on the blockchain ecosystem. </p> 
<p style="text-align: justify"> In recent ventures, Hack VC co-headed a $5.1 million seed funding for the DeFi app Affine Protocol and has led investment rounds for AltLayer, a rollups platform, and ImgnAI, a crypto-focused AI platform. The company’s current investment portfolio includes other prominent projects like Mysten Labs, EigenLayer, and ConsenSys. Additionally, Hack VC is a key supporter of the upcoming Web3 conference Hack.Summit, which is set to take place in Hong Kong. </p> 
<h2 id="boosting-the-crypto-industry">Boosting the Crypto Industry</h2> 
<p style="text-align: justify"> The crypto market’s positive trajectory, notably spearheaded by <a href="https://en.bitcoinhaber.net/bitcoin-etf-approval-hoax-shakes-market-qcp-capital-warns-of-pricing-in-phenomenon">Bitcoin</a>, is witnessing a surge in substantial investments, fueling rapid product development within the sector. This trend began with companies like Celestia and has continued to highlight the potential of roll-up projects. </p> 
<p style="text-align: justify"> Investment inflows are not just fortifying crypto companies but are also triggering airdrop events and yielding considerable returns for Web3 users. This financial participation is feeding into a virtuous cycle, further bolstering the bull market’s value within the cryptocurrency realm.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/web3-startup-hack-vc-raises-150-million-for-new-venture-fund">Web3 Startup Hack VC Raises $150 Million for New Venture Fund</a></h5>

Web3 Startup Hack VC Raises $150 Million for New Venture Fund

Table of Contents

BH NEWS

Other articles published on Feb 20, 2024

Filecoin Price Prediction: FIL Is Top Gainer With 21% Surge, But Traders Flock To This New Green ...

AI-generated fake IDs confound crypto exchange KYC measures

Dogecoin facing dip from $0.09 – Should traders go long or short?

Elon Musk’s X To Partner OpenAI Rival Midjourney Revolutionizing AI Space

Pyth Network Price Prediction: Pyth Plunges 9% As This New Solana Meme Coin Skyrockets 116% In 7 ...

Ethereum Climbs Back Towards $3,000 as Market Shows Bullish Sentiment

Join our free newsletter for daily crypto updates!