The venture capital firm Hack VC has raised $150 million to invest in early-stage Web3 companies. 

Hack VC’s vice president of finance Jigar Shah said in a post on X that the round was oversubscribed, meaning the firm raised more funds than intended.

Crypto venture activity appears to be on a continued upswing as the prices of major cryptocurrencies test highs not seen in years. 

Read more: Bitcoin is just 25% below its record high — but ‘layer-2’ Stacks is even closer

So far, Hack VC’s major thesis has been modular infrastructure, the firm’s managing partner Alexander Pack told Blockworks. Modular software breaks larger structures into smaller, specialized pieces. It is…

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