Hack VC, a prominent crypto venture fund founded by blockchain veterans Alex Pack and Ed Roman, has already raised $77 million toward its third fund, with additional commitments over its initial goal of $80 million, according to Securities and Exchange Commission filings, internal documents, and an investor briefed on the matter, who spoke with Fortune on the condition of anonymity.
The new fund, focused on seed-stage investments, began investing capital in 2023 and has already generated a net return of 1.7 times the capital invested, according to documents shared with investors and viewed by Fortune, demonstrating bets that have rapidly grown in value amid an upturn in the crypto sector.
