According to Bloomberg, venture capital firm Hack VC has announced that it has raised a fund of $150 million specifically for the digital asset industry. Hack VC's managing partner, Alex Pack, based in New York, stated that the company has already deployed about one-third of the new fund, primarily investing in early-stage startups. Companies invested in by Hack VC include blockchain startup Mysten Labs and crypto finance company Amber Group. Hack VC previously raised a fund of $200 million in 2022. In an interview, Pack stated, "The environment is more challenging now than it was a few years ago, but we're doing this because we're very excited about the infrastructure opportunity and everything we're seeing in early-stage venture capital. There are still a bunch of nerds building things underground in the industry, and that hasn't stopped after FTX."