HACK VC CLOSES ‘OVERSUBSCRIBED’ $150M FUND FOR CRYPTO STARTUPS

Summary from the TLDR Crypto newsletter

Hack VC has secured $150 million in funding for a web3-focused fund. The firm was intending to raise less, but the round ended up being oversubscribed, reflecting shifting sentiment amongst crypto investors. Among other things, Hack VC aims to invest in tokenized real-world assets and modular infrastructure. Other firms, like Lightspeed, Faction, and RW3 Ventures have also raised impressive funds.