TechFlow news, according to Bloomberg, venture capital firm Hack VC announced it has raised a $150 million fund dedicated to the digital asset industry.
Alex Pack, managing partner at New York-based Hack VC, said the firm has already deployed about one-third of the new fund, primarily investing in early-stage startups. Companies backed by Hack VC include blockchain startup Mysten Labs and crypto financial firm Amber Group.
Hack VC previously raised a $200 million fund in 2022.
"The environment is more challenging compared to a few years ago," Pack said in an interview. "But we're doing this because we're incredibly excited about infrastructure opportunities and everything we're seeing in early-stage venture. There's still a group of nerds building things underground across the entire industry, and that hasn't stopped after FTX."
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