Fundraising Fox

Hashed

Venture capitaloperating company · company profile

Seoul · Pre-Seed–Series A · 29 people tracked

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Investment thesis

Hashed invests in founders building the next paradigm in AI, crypto, and frontier technology, spanning autonomous networks, decentralized apps, games, tools, and infrastructure. The firm positions itself as a committed ecosystem builder rather than a passive investor, providing extensive support so founders can focus on growth from day zero to global scale. Hashed operates a global footprint across key regions of the technology supply chain and runs specialized subsidiaries covering emerging markets, early-stage Web3 incubation, data-driven market insights, fintech-crypto R&D, institutional custody, and regulatory research to help startups reach mass adoption across sectors like finance, gaming, and entertainment.

Source: firm website, verified Aug 27, 2026.

Stage
Pre-Seed–Series A
Check
$1M – $37M
HQ
Seoul, CA, KR
Leads rounds
Follows
Instruments
Equity
Founded
2017
Last 12 months
3 investments
Tracked investments
168

Team · 29 people

from the firm's website & curated & public directories
Seok Won Hong· Partnerin𝕏
Daniel Minsu Kim· Venture Partnerin𝕏
Seung-yoon Lee· Venture Partner𝕏
Jenny Lee· Accounting Manager

Previously at Credit Suisse Korea with international experience across Asia; HK PolyU graduate.

Shasank Konger· Legal Associatein

Began his career as an intern at Hashed after law school; B.A., LL.B (Hons) from Amity Law School.

What they invest in

from 107 of 168 portfolio companies

Crypto & Web3 ×73Fintech ×39AI & Machine Learning ×25Data & Infrastructure ×19Developer Tools ×17Gaming ×16SaaS ×13Consumer ×9

HQs:South Korea×25United States×20Japan×2Switzerland×1France×1Hong Kong×1

Investments · 168 tracked

founders shown can be your intro path

By year:2026 · 22025 · 32024 · 42023 · 32022 · 12021 · 12017 · 115 dated

Bluefinbluefin.ioin𝕏✓ verified

Bluefin is an orderbook-based decentralized derivatives exchange built for both first-time users and professional traders.

Crypto & Web3Fintech

Ahmad Jawaid(Founder)in

Co-investorsAltonomyAmber GroupCompoundFBG CapitalLedgerPrimeAlliance DAO (ex DeFi Alliance)+11 more

Dfnsdfns.coin𝕏✓ verified

DFNS provides wallet-as-a-service infrastructure for financial institutions, fintech platforms, and digital asset management.

Crypto & Web3CybersecurityData & InfrastructureEnterprise SoftwareFintechParis, FR

Clarisse Hagège(Founder)in

Co-investorsTechstarsWhite Star CapitalWintermute6th Man VenturesCoinbase VenturesRed Beard Ventures+3 more

DSRVdsrv.comin𝕏✓ verified

DSRV builds on-chain finance infrastructure for financial institutions, including a platform for tokenization, on-chain payments, embedded wallets, institutional staking, and custody.

Crypto & Web3Data & InfrastructureFintech

Jiyun Kim(Founder)Hyung-Kyu Choi(Founder)in

Co-investorsKB InvestmentNaverSamsung NextHan River Partners

Dsrvlabsdsrvlabs.comin𝕏✓ verified

DSRV provides on-chain finance infrastructure for financial institutions, including tokenization, on-chain payments, embedded wallets, institutional staking, and custody, alongside multi-chain RPC node services (All That Node) and blockchain validator operations.

Crypto & Web3Data & InfrastructureFintech

Co-investorsSamsung NextKB InvestmentNaverTBT

EveryRealmeveryrealm.com✓ verified

Everyrealm develops infrastructure and deploys capital for crypto and community-driven projects, investing in and building across blockchain protocols and platforms to connect digital economies.

Cloud ComputingCrypto & Web3GamingSocialLakeville, US

Janine Yorio(CEO, Co-Founder)inJesse Stein(Co-Founder)in

BoardAndrew Durgee(Director)Youngro Lee(Director)

Co-investorsa16z cryptoAndreessen HorowitzCoinbase VenturesD1 VenturesFermion

Hallidayhalliday.xyzin𝕏✓ verified

Halliday builds a unified, cross-chain payments platform that enables users to onramp, swap, and execute on-chain actions across multiple blockchain networks.

Crypto & Web3FintechSaaS

Griffin Dunaif(Founder)in

Co-investorsAndreessen Horowitza16z cryptoHAWKTAILCredibly Neutral

Hyperithmhyperithm.com✓ verified

Hyperithm is a digital asset manager offering quant trading strategies — including algorithmic, market-neutral, and arbitrage approaches — and venture investments in Web3 projects.

Crypto & Web3FintechTokyo, JP

Lloyd Lee(Founder)in

Co-investorsSamsung NextCoinbase VenturesArctic Digital

Hyperithmhyperithm.jp✓ verified

Hyperithm is a digital asset manager offering quant/algorithmic market-neutral trading strategies and Web3 venture investments for corporate clients and high net-worth individuals.

Crypto & Web3FintechTokyo, JP

Lloyd Lee(Founder)inSangrok Oh(Founder)in

Co-investorsCoinbase VenturesSamsung Next

Questbookquestbook.xyz𝕏✓ verified

Questbook offers a decentralized application that lets blockchain ecosystems and protocols run grant and builder programs on-chain, with open source code and data accessible to builders.

Crypto & Web3Developer Tools

Sriharsha Karamchati(Founder)in

Co-investorsCoinbase VenturesDragonflyLemniscapMirana VenturesFlori Ventures

RLY Networkrly.networkin𝕏✓ verified

Rally Protocol provides a mobile SDK for React Native developers to build blockchain features and applications.

Crypto & Web3Developer Tools

Co-investorsa16z cryptoAltos VenturesCoinbase VenturesTransLink CapitalCanaan Partners

Acadarenaacadarena.com𝕏

AcadArena Edu is a platform that gamifies student extracurricular activities, letting students earn rewards for campus events, enter competitions, and connect with peers around shared hobbies such as gaming and anime.

ConsumerEdTechGaming

Co-investorsBlockchain CapitalBuko VenturesEmfarsisHustle FundITERATIVETNBAura

Ad Shieldad-shield.ioinMar 2026

Ad-Shield provides technology that helps open web publishers and ad management companies recover ad revenue lost to adblockers ("dark traffic"), turning blocked impressions into measurable revenue.

AdTechMarketing TechMedia & EntertainmentSaaSJersey City, US

Joon Yu(Founder)inDong Jun Cha(Executive Officer, Director)Joowon Ryoo(Executive Officer, Director)Kim Seojoon(Director)

Co-investorsShorooq Partners

Ancient8ancient8.gg

Ancient8 is a gaming-focused Ethereum Layer 2 blockchain designed for Web3 gaming, hosting fully on-chain games, games on X and Telegram, IP-infused games, and AI-powered games.

Crypto & Web3Gaming

Co-investorsAnimoca BrandsCoinbase VenturesIOSG VenturesK300 VenturesMakers FundMetastable+3 more

AnotherBallizumo.com

AnotherBall is a Singapore-registered entertainment startup building the VTuber project IZUMO and virtual streaming apps.

Co-investorsEmooteGlobal BrainGlobis Capital Partners

Apeironnftapeironnft.com𝕏

Apeiron is an NFT-based game featuring collectible planets, avatars, and apostles, with in-game elements, an arena, and a marketplace.

Crypto & Web3Gaming

API3 Decentralized APIapi3.org𝕏

API3 operates a decentralized oracle network that allows DeFi projects to earn rewards (OEV Rewards) for participating in its data provision and consensus system.

Crypto & Web3Data & Infrastructure

Co-investorsBitDAODeepTech VenturesDigital Currency GroupdlabElliptiMantle Network+1 more

Aptosaptoslabs.comin𝕏

Aptos Labs develops a Layer 1 blockchain platform using the Move programming language and parallel execution technology, serving developers and users building decentralized applications.

Crypto & Web3Developer ToolsNew York City, US

Avery Ching(CEO and Co-Founder)inMo Shaikh(Founder)Alin Tomescu(Head of Cryptography)Sasha Spiegelman(Head of Research)Zekun Li(Head of Blockchain)

Co-investorsa16z cryptoDragonflyAndreessen HorowitzArrington CapitalBixin CapitalBixin Ventures+6 more

Archwayarchway.io𝕏

Archway is a blockchain protocol that rewards developers who build decentralized applications by giving them a share of gas fees, network inflation rewards, and the ability to charge usage premiums on their smart contracts.

Crypto & Web3Developer Tools

Co-investors1confirmationFigmentIDEO CoLab VenturesTPC Club (The presale club)TPC Ventures

ATOMcosmos.networkin𝕏

Cosmos develops an open-source blockchain technology stack and enterprise solutions for businesses and governments to deploy and scale digital ledgers.

Crypto & Web3Enterprise SoftwareFintechNew York City, US

Co-investors1confirmationBig Candle CapitalBollinger Investment GroupContinue CapitalDeepTech VenturesDigital Finance Group+9 more

Atommerceatommerce.com

Co-investorsSamsung Next

Auraaura.network𝕏

Aura Network provides blockchain infrastructure for real-world asset (RWA) tokenization, using a modular architecture to convert traditional assets into on-chain tokens.

Crypto & Web3Data & InfrastructureFintech

Avalonavalon.online𝕏Apr 2024 · $10M

Avalon is a multiplayer game and creation platform where players build their own worlds using natural-language tools and carry a persistent character across a shared universe.

AI & Machine LearningCreator EconomyGamingOrlando, US

Sean Pinnock(Founder)

Co-investors6th Man VenturesMagnus CapitalSpirit DAOTRGCBITKRAFT VenturesCoinbase Ventures+2 more

Avalonplayavalon.com𝕏Apr 2024 · $10M

Avalon is an AI-powered multiplayer game where players create characters that persist across a shared universe of official and player-built worlds.

AI & Machine LearningCreator EconomyGaming

Co-investorsAndromeda CapitalBixin CapitalBixin VenturesBlack DragonCastrum CapitalCoinbase Ventures+4 more

Avocadodaoavocadodao.io
Axieaxieinfinity.com

Axie Infinity is a blockchain-based, NFT creature-battling game developed by Vietnam-based game studio Sky Mavis.

Trung Nguyen(Founder)in

Co-investorsAU21 CapitalDeepTech VenturesDeFiance CapitalMoonhill CapitalPantera CapitalRaptor Group+3 more

B3b3.funin𝕏

B3 builds an operating system (B3OS) for creating onchain applications, smart contracts, and automations without code, alongside a labs division that incubates revenue-generating products and a holdings arm making strategic investments in complementary businesses.

Crypto & Web3Developer ToolsSaaS

Daryl Xu(Co-Founder & CEO)Viktoriya Hying(Co-Founder & COO)Sean Geng(Co-Founder & CTO)

Co-investorsFermionPantera Capital

Backpackbackpack.appin𝕏

Backpack is a crypto application offering futures and spot trading, lending, and a crypto wallet.

Crypto & Web3Fintech

Co-investorsK5 GlobalCollab CapitalGenius GuildHopelabPACE Healthcare CapitalPortland Seed Fund+3 more

BasedAppbasedapp.io

Co-investorsArcane Group

Bastionbastion.comin𝕏Sep 2025

Bastion provides stablecoin issuance infrastructure with compliance and security features, enabling institutions to launch USD-backed stablecoins with customizable issuer models.

Crypto & Web3Data & InfrastructureFintech

Co-investorsa16z cryptoAndreessen HorowitzCoinbase VenturesSamsung NextSancus VenturesSony Ventures Corporation+1 more

Beraberachain.com𝕏

Berachain is a Layer 1 blockchain network built around a Proof of Liquidity mechanism that directs block reward emissions as non-dilutive growth capital to ecosystem applications in exchange for revenue sharing with the network and tokenholders.

Crypto & Web3Developer ToolsFintech

Smokey the Bera(Founder)

Co-investorsAlphaLab CapitalArrington CapitalBorderless VentureCaladanCVP NoLimitHash3 Capital+11 more

Blackwingblackwing.fi

Co-investorsSaison Capitalgumi Cryptos Capital (gCC)

Blockodysseyblockodyssey.ioin

Block Odyssey provides end-to-end blockchain services—consulting, custom cloud infrastructure, solution development, and managed operations—for enterprises and institutions building blockchain-based businesses.

Cloud ComputingCrypto & Web3Enterprise Software

Blueprintfinanceblueprintfinance.com
Carwashlovecarwashlove.com

Sejinsa operates an on-demand mobile car wash service in South Korea, sending crews to customers' apartment or building parking garages during evening and daytime hours.

ConsumerMarketplacesMobility & TransportationSeoul, KR

Yoon Yong-bin(CEO)

CCP Gamesccpgames.cominMar 2023 · $40M

Fenris Creations (originally Loki margmiðlun) is a video game developer and publisher of interactive entertainment, known for the online game EVE Online launched in 2003.

ConsumerGamingMedia & EntertainmentReykjavik, IS

Co-investorsa16z cryptoBitkraft Esports VenturesEmfarsisNew Enterprise Associates (NEA)Thule InvestmentsAndreessen Horowitz+3 more

Ceramic/3Box Labsceramic.network𝕏

Ceramic provides a decentralized protocol for event streaming and data management that enables interoperable apps and services to share verifiable data at scale.

Crypto & Web3Data & InfrastructureDeveloper Tools

Co-investorsAmbush CapitalCoinbase VenturesCollab+CurrencyDeepTech VenturesFenbushi CapitalFigment+3 more

Chancechance.cc

Chance is a verification harness for AI agents that move money, checking each transaction against the user's stated intent before funds settle on-chain via escrow-gated, non-custodial execution.

AI & Machine LearningCrypto & Web3Fintech

Co-investorsPointer.CapitalMakers Fund

Chancechance.coinApr 2026 · $3.2M

Chance is a platform used to discover professional projects and connect people who may want to help them.

Future of Work

Co-investorsEducapitalMakers Fund

Charancharan.ai

The site lists fashion and luxury items — including clothing, handbags, sunglasses, and jewelry — with original and discounted prices, suggesting an online resale or discount fashion marketplace.

E-commerceMarketplacesRetail Tech

Co-investorsSM Culture Partners

Cietyciety.xyz
Codestatescodestates.com

Code States offers competency diagnostics and customized training programs to help organizations carry out digital transformation.

EdTechEnterprise SoftwareFuture of Work

Comentocomento.kr

Comento operates a South Korean online platform where job seekers and students post career questions and receive answers from working professionals.

EdTechFuture of WorkHR TechMarketplacesMedia & Entertainment

Jinkyu Ha(Founder)inJaeseong Lee

Co-investors500 Global

Connext/Everclearconnext.network𝕏Jun 2023 · $7.5M

Connext provides xCall, a developer tool that enables applications to interact with users, tokens, and other applications across multiple blockchains.

Crypto & Web3Developer ToolsSan Francisco, US

Arjun Bhuptani(Executive Officer, Director)Layne Haber(Executive Officer, Director)inRahul Sethuram(Executive Officer)

Co-investorsA.Capital VenturesAmentum Investment ManagementCVP NoLimitD1 VenturesFenbushi CapitalFigment+13 more

Covalentcovalenthq.comin𝕏

Blockchain data infrastructure firm whose decentralized Covalent Network indexes multi-chain data served via the GoldRush API.

Ganesh Swami(Founder)in

Co-investors1k(x)1kxBitDAOBlack DragonCoinbase VenturesIOSG Ventures+6 more

Cross-chain communicationsnotifi.network

Seattle, US

Paul Kim(Founder)in

Co-investorsAlphaLab CapitalCaladanLongHash VenturesStruck CapitalWintermuteRace Capital

CryptoQuantcryptoquant.com

South Korea-founded on-chain data and analytics platform serving crypto traders, investors and institutions.

Ki Young Ju(Founder)in

Co-investorsAtinum Investment Co. Ltd.Hillspring InvestmentYoubi Capital

Cxtcxt.taxApr 2022

CxT (Cryptofin, formerly Cryptotax) offers a platform for crypto financial management that connects with exchanges and handles tax and accounting workflows for individuals and companies.

Crypto & Web3FintechSaaSKingstown

Christopher Mercer(Managing Member)

cybercyber.co

Cyber is an Ethereum Layer 2 network that brings social primitives onchain and pairs them with an AI suite for crypto intelligence.

AI & Machine LearningCrypto & Web3Data & InfrastructurePalo Alto, US

Zhimao Liu(Founder)

Co-investorsDraper DragonINCE CapitalIOSG VenturesLattice CapitalMulticoin CapitalSpice Capital

Darcmatterdarcmatter.com
Data & Security Earlyskalelabs.com

Jack O'Holleran(Founder)in

Co-investorsAcrew CapitalMulticoin CapitalSignia Venture Partners

Decentralanddecentraland.org

Decentraland is a decentralized virtual world platform where users can socialize, create, and explore using blockchain technology.

ConsumerCrypto & Web3

Co-investorsBlockchain AssetsCogitent VenturesDeepTech VenturesDigital Currency GroupFabric VenturesSur Ventures

Decentraliseddecentralised.ggin𝕏

Decentralised Gaming Ventures is a Web3 game venture builder that co-develops and publishes games with independent studios, using blockchain, NFTs, and IP collaborations to enable fan contribution and digital ownership.

Crypto & Web3GamingMedia & Entertainment

Samson Oh(Founder)Derrick Sim(Chief Operating Officer)Joseph Young(Chief Investment Officer)in

Delabsdelabs.gg𝕏

Delabs operates online games and related digital services, including in-game virtual items that users can purchase.

Crypto & Web3Gaming

Dfinitydfinity.orgin𝕏

DFINITY builds the Internet Computer, a decentralized cloud network that enables applications to run directly on the blockchain with persistent state, native HTTP serving, and built-in security without requiring external databases or a dedicated operations team.

AI & Machine LearningCloud ComputingCrypto & Web3Developer Tools

Dominic Williams(Founder)

Co-investorsa16z cryptoAcrew CapitalAmino CapitalAndreessen HorowitzAspect VenturesBollinger Investment Group+15 more

Doeatdoeat.io

Doeat (두잇) is a food delivery service in South Korea designed for single-person households, offering individual meals from around 5,990 won with delivery fees included and no minimum order amount.

ConsumerFoodTechMarketplaces

Dunedune.comin𝕏

Dune provides normalized blockchain datasets covering 130+ chains, including stablecoin, prediction market, tokenized real-world asset, and token balance data, delivered into customers' existing data warehouses such as Snowflake, Databricks, or BigQuery.

Crypto & Web3Data & InfrastructureFintechOslo, NO

FredrikMats

Co-investorsAmbush CapitalBitDAOCoinbase VenturesDigital Currency GroupMantle NetworkSondo Capital

dYdXdydx.exchangein𝕏Dec 2017

dYdX is a decentralized exchange for trading perpetuals that uses zero-knowledge proofs to provide security and privacy.

Crypto & Web3FintechSan Francisco, US

Antonio Juliano(Founder)inIvo Crnkovic-Rubsamen(CEO)

Co-investors1confirmationa16z cryptoAbstract VenturesAndreessen HorowitzBR CapitalDeFiance Capital+8 more

Ethena Labsethena.fi𝕏

Ethena operates a crypto protocol offering USDe, a digital dollar, and sUSDe, a reward-accruing asset backed by collateralized assets with third-party attestations.

Crypto & Web3Fintech

Guy Young(Founder & CEO)in

Co-investorsAlphaLab CapitalBitDAOBreedCaladanCVP NoLimitF-Prime Capital+17 more

Fantomfantom.foundation𝕏

Fantom Foundation develops blockchain infrastructure and supports developers building on its network, offering funding, tooling, validators, and bridges.

Crypto & Web3Data & Infrastructure

Michael Kong(CEO / Director)inDavid Richardson(Executive Chairman)Andre Cronje(CTO / Director)Bernhard Scholz(Chief Research Officer)

Co-investorsAU21 CapitalCogitent VenturesDeepTech VenturesDigital StrategiesSignum Capital

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Hashed invest at?
Hashed invests at the Pre-Seed, Seed, Series A stages.
What is Hashed's typical check size?
Hashed typically writes checks of $1M – $37M.
What sectors does Hashed focus on?
Hashed focuses on AI & Machine Learning, Consumer, Crypto & Web3, Deep Tech, Fintech, Gaming, Media & Entertainment.
Where is Hashed located?
Hashed is headquartered in Seoul, KR.
Does Hashed lead rounds?
Hashed typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

Ep. #40: Baek Kim from #Hashed (Crypto fund in Korea) at Deconomy 2019

Decrypt Asia · Baek Kim

Interview - Ryan Sungho Kim , CEO at #HASHED

mrblock 區塊先生 · Ryan Sungho Kim

Images

Hashed photoHashed photoHashed photoHashed photoHashed photoHashed photo

Co-investors · 35

Pantera Capital

Pantera Capital is a blockchain and cryptocurrency-focused investment firm that pioneered early crypto funds in the U.S., offering exposure through venture equity, early-stage tokens, and liquid tokens.

$5M – $100M
Dragonfly

Dragonfly is a crypto-focused investment firm comprising Dragonfly Ventures, Dragonfly Liquid, and Metastable, an early crypto hedge fund it acquired. It invests in and researches blockchain, tokens, and crypto companies.

$3M – $30M
Multicoin Capital

Multicoin Capital is a thesis-driven investment firm focused on cryptoassets, tokens, and blockchain companies, managing a hedge fund and several venture funds across public and private markets.

$1M – $50M
Digital Currency Group

Digital Currency Group (DCG) is a long-term investor in and operator of businesses across the crypto and blockchain industry, holding equity, fund, and token positions.

CMCC Global

CMCC Global is one of Asia's earliest venture capital investors dedicated exclusively to blockchain and crypto, managing a diversified digital asset management platform across several funds.

CoinFund

CoinFund is a crypto-focused investment firm that backs and partners with companies building open, decentralized technology across finance, infrastructure, and AI.

$6M – $10M
1k(x)

1kx is a venture capital firm founded in 2018 that invests in blockchain and crypto infrastructure with a focus on decentralized finance, payments, and Web3 applications. The firm has deployed over $400 million in exit proceeds across more than 160 investments over eight years.

Bitkraft Esports Ventures

BITKRAFT Ventures is a global investment platform focused on gaming, interactive media, and related technologies, backing companies building at the convergence of physical and digital worlds (which it calls Synthetic Reality).

$100K – $5M
White Star Capital

White Star Capital is a multi-market venture capital firm with a presence across North America, Europe, and Asia, partnering with founders building globally minded technology businesses.

Both backed · 2
$500K – $7M
Placeholder VC

Placeholder is a venture capital firm that has invested in over 75 early-stage crypto companies and decentralized networks since 2017.

Tiger Global Management

Tiger Global Management operates public equity strategies (long/short, long-focused and crossover) and a private equity business investing in early- through late-stage growth companies across new and existing industries.

Both backed · 1
$1M – $100M
Hustle Fund

Hustle Fund is an early-stage venture capital firm that invests quickly in startups, offering capital along with educational programs and mentorship. It also runs an angel investing community that lets members invest alongside the fund.

Both backed · 1
$150K
23 more co-investors

IVCRace CapitalEthereal Ventures Management Ltd.AsymmetricGalaxy InteractiveGenerative VenturesUnknown VenturesBattery VenturesTodd and Rahul’s Angel FundNot Boring CapitalAntlerAwesome People VenturesKearny JacksonGalaxy Digital Assets FundCrunchFundOctopus VenturesSeed Club VenturescLabsSolana VenturesDivergenceNational Science FoundationSID Venture PartnersBlockchange Ventures

Firms observed investing alongside Hashed, from public investor directories. Shared companies are the overlap with Hashed's recorded portfolio.

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