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Hashed

North America, California, United States, San Francisco

Description

Hashed is a prominent global venture capital fund deeply entrenched in the blockchain and Web3 ecosystem. While the user specified San Francisco, Hashed operates with a global footprint, maintaining offices in key innovation hubs like Seoul, San Francisco, and Bangalore. Established with a vision to back founders building the decentralized future, Hashed has cultivated a reputation for being an early and long-term strategic partner to its portfolio companies. Their investment philosophy extends beyond mere capital injection, emphasizing community building and active participation in the growth of their ventures.

The firm primarily focuses on early-stage investments, typically leading or co-leading Seed and Series A rounds. Their portfolio spans a wide array of Web3 verticals, including core blockchain infrastructure, decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain gaming. Hashed is known for its deep technical understanding and its ability to identify transformative projects within the rapidly evolving crypto landscape. They seek out teams with strong technical foundations and innovative approaches to solving real-world problems using blockchain technology.

In 2022, Hashed successfully closed its Hashed Ventures III fund, raising an impressive $200 million. This significant capital raise, achieved amidst challenging market conditions, underscored investor confidence in Hashed's expertise and long-term vision for the Web3 space. From this fund, Hashed typically targets initial investments ranging from $1 million to $10 million, demonstrating their capacity to provide substantial early-stage capital. The fund has made over 100 investments to date, supporting projects that have gone on to become significant players in the blockchain industry. Hashed's commitment to fostering a robust ecosystem is evident in its active engagement with its portfolio, providing strategic guidance and leveraging its extensive network to accelerate growth.

Investor Profile

Hashed has backed more than 242 startups, with 14 new investments in the last 12 months alone. The firm has led 88 rounds, about 36% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in South Korea, United States, Singapore.
  • Strong thematic focus on Blockchain, Cryptocurrency, Financial Services.
  • Led 8 rounds in the past year.
  • Typical check size: $1M – $10M.

Stage Focus

  • Seed (51%)
  • Series A (18%)
  • Series Unknown (12%)
  • Series B (7%)
  • Initial Coin Offering (5%)
  • Pre Seed (5%)
  • Angel (1%)

Country Focus

  • South Korea (30%)
  • United States (29%)
  • Singapore (14%)
  • India (5%)
  • Vietnam (3%)
  • Hong Kong (3%)
  • Canada (2%)
  • United Kingdom (1%)
  • Germany (1%)
  • Cayman Islands (1%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • Fintech
  • Software
  • Gaming
  • Information Technology
  • Internet
  • Web3
  • Finance
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Hashed frequently co-invest with?

1kx
Europe, Berlin, Germany, Berlin
Co-Investments: 12
Pantera Capital
North America, California, United States, Menlo Park
Co-Investments: 14
Arrington XRP Capital
North America, Washington, United States, Seattle
Co-Investments: 16
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 29
PC
North America, Connecticut, United States, Greenwich
Co-Investments: 11
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 25
The Spartan Group
Asia, Central Region, Singapore, Singapore
Co-Investments: 11
CoinFund
North America, New York, United States, Brooklyn
Co-Investments: 11
Galaxy Interactive
North America, New York, United States, New York
Co-Investments: 11
Alameda Research
Asia, Hong Kong Island, Hong Kong, Central and Western
Co-Investments: 14

Which angels does Hashed often collaborate with?

Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 8
RS
North America, New York, United States, New York
Shared Deals: 3
Sandeep Nailwal
Asia, Indonesia
Shared Deals: 5
SK
Europe, England, United Kingdom, London
Shared Deals: 4
MD
North America, New York, United States, New York
Shared Deals: 4
SG
Europe, Berlin, Germany, Berlin
Shared Deals: 3
DD
North America, Florida, United States, Land O Lakes
Shared Deals: 3
Jaynti Kanani
Asia, Karnataka, India, Bengaluru
Shared Deals: 6
Shared Deals: 5
CL
North America, California, United States, San Francisco
Shared Deals: 3

What are some of recent deals done by Hashed?

Bastion

Campbell, California, United States

Bastion blends the best of web2 and web3 technologies to broaden opportunities for organizations and their customers.

Information TechnologyInternet
SeedSep 24, 2025
Amount Raised: $14,600,000
Charan

Seoul, Seoul-t'ukpyolsi, South Korea

Charan is an operator of an e-commerce platform intended to sell second-hand fashion apparel.

ApparelE-CommerceFashionRetail
Series BSep 17, 2025
Amount Raised: $12,180,385
Kite AI

San Francisco, California, United States

Kite AI is building the foundational transaction layer for the agentic internet.

Artificial Intelligence (AI)BlockchainInformation Technology
Series ASep 2, 2025
Amount Raised: $18,000,000
Heritage Distilling

Gig Harbor, Washington, United States

Heritage Distilling operates as a craft distillery company.

Food and BeverageWine And Spirits
Post Ipo EquityAug 25, 2025
Amount Raised: $223,800,000

Subzero Labs is developing Rialo, a developer-first Layer 1 blockchain built for internet-scale decentralized applications.

SeedAug 1, 2025
Amount Raised: $20,000,000
Delabs Games

Seoul, Seoul-t'ukpyolsi, South Korea

Delabs Games operates as a blockchain game developer.

BlockchainGaming
Series AJul 21, 2025
Amount Raised: $5,200,000

Distinct Possibility Studios operates as a game development studio.

Developer PlatformGaming
Series UnknownJul 3, 2025
Amount Raised: $30,500,000
Nurihaus

Seoul, Seoul-t'ukpyolsi, South Korea

Nurihaus is a community commerce firm that provides a platform to shop based on Korean influencer's products.

B2CConsumer GoodsE-Commerce
Series AJun 11, 2025
Amount Raised: $2,550,032
RLWRLD

Seoul, Seoul-t'ukpyolsi, South Korea

RLWRLD is developing robotics foundation models that empower robots to operate autonomously in real-world settings.

Robotic Process Automation (RPA)Robotics
SeedApr 14, 2025
Amount Raised: $14,754,207
Fragmetric

Delaware, Ohio, United States

Fragmetric is a native liquid restaking mechanism for Solana that improve the Solana ecosystem's security and economic potential.

Cyber SecurityDecentralized Finance (DeFi)Network Security
SeedFeb 7, 2025
Amount Raised: $7,000,000