• Hashed opens $200M Venture Fund II in support of Web3.
• They also announced the addition of new partners.
• Since the inception of Hashed’s venture arm, more than 30 investments have been made.

Web3 technology has brought a fresh wave of innovation to the crypto space. Web3 allows developers and investors the opportunity to rebuild the internet on blockchain and cryptocurrency technology. It will bring a new era in individual empowerment as well as entrepreneurial freedom.

Following the above statement, an investment firm that is set to revolutionize the users’ interactions with the next generation of the internet, such as NFTs, DeFi, GameFi, etc., Hashed is leveraging Web3 growth with Hashed Venture Fund II. Hashed Venture Fund I was successful at raising $120M. In its constant quest to transform the internet, Hashed has raised $200M more to help the ecosystem.

Hashed has been a major investor in the Web3 sector since 2017. The fund’s limited partners also include some of Korea’s largest IT companies, multinational conglomerates and internationally recognized investment firms.

Hashed has promoted Sean Hong to Partner and Baek Km, both long-standing members of Hashed. This further demonstrates its commitment towards the success of the project. Sean Hong, who has made a significant contribution to the management of investor relations and legal and financial affairs at Hashed is now the company’s CFO.

Baek is the current global manager of investments for Hashed. However, he was previously involved in investments in Metaverse as well as Web3. Notably, Kim has worked closely with portfolio companies such as , , Set Labs, dYdX, ZKSync, and others to strengthen Hashed’s ecosystem method in investments.

Hashed made over 30 targeted investments in its venture arm since it was launched. Some of the most notable Hashed Venture Fund I investments include Recur and dYdX. This round was led by Mets. NFTBank and Republic are other promising investments, which Hashed also co-invested in with SoftBank Ventures.

Similarly, Hashed was an early investor in several major Asian tech giant-led projects like Kakao’s Klaytn and LINE Blockchain. Hashed also invested in many of the most important projects in blockchain, including Terra, The Sandbox and Axie infinity. Simon Kim, CEO & Managing Partner of Hashed speaks on Hashed Venture Fund II.

As we take our second step in solidifying our position in the global blockchain and technology sector, we are excited that our team’s vision is coming into reality. A few years back, many people were skeptical about whether or not we could transition from offline to online experience. However, today, the world is accepting of the digital assets like NFTs and the related products that can be used in this metaverse. We believe that this shift in perception is a sign that we are right and that we will continue to exert our influence on bringing about the future that is fair and inclusive for everyone.

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