South Korean crypto venture capital firm Hashed Ventures plans to launch its fourth fund overseas and set up an office in Abu Dhabi

Odaily News South Korean crypto venture capital firm Hashed Ventures plans to launch its fourth fund overseas, focusing on global Web3 projects, and has decided not to set up funds in South Korea in the future. Hashed Ventures is currently setting up an office in Abu Dhabi, and once the construction is completed, many personnel, including the CFO and CPO, will move there. Through this plan, Hashed Ventures will create an Abu Dhabi-based fund focused on global investments. At the same time, the agency is currently setting up its third fund, which recently completed its first round of fundraising with an amount of 30 billion won (21.4 million US dollars), and plans to increase it to 100 billion won (71.2 million US dollars) by the first quarter of next year, more than half of which will be composed of overseas capital. (Yonhap News Agency)