Investor Profile: Hashed — Thesis, Cheque Size & How to Apply

If you want to understand how Hashed funding works, start with its roots. Founded in 2017 in Seoul, Hashed began as a team of blockchain believers who backed the "protocol economy" before it was fashionable, and it has grown into one of Asia's most recognisable crypto-native venture firms. Today it describes itself as investing in "frontier technology at global scale" — backing founders working on the next paradigm in AI, crypto and frontier tech, from day zero to global scale, with offices in Seoul, San Francisco, Singapore, Bangalore and Abu Dhabi.

Hashed funding: thesis and cheque size

Hashed's first venture fund closed at $120 million in 2020, and its second vehicle, Hashed Venture Fund II, raised $200 million (240 billion won) in 2021 to back Web3 startups across NFTs, DeFi, GameFi and the metaverse. Cheques from the first fund ran between $1 million and $10 million, primarily into equity rounds from seed to Series B, with token warrants allowed. In 2023 alone the firm made 29 investments totalling $28.44 million, with about 38% going to Korean startups and the rest spread across North America, Europe and the rest of Asia.

Backers of its funds read like a who's who of Korean industry: Naver, SK, LG, KRAFTON, Wemade, Com2uS, HYBE and F&F participated in Fund II. In September 2026 the firm gained a financial services permission from the Abu Dhabi Global Market and signed an MoU with the Abu Dhabi Investment Office, underlining its push into the Gulf.

Notable portfolio and ecosystem arms

Hashed was early into some of the biggest names in crypto, including Ethereum, EOS, ICON and Kyber Network, alongside dYdX, Mythical Games, Story Protocol, Aptos, Dune, Axie Infinity and The Sandbox. Founder and CEO Simon Seojoon Kim still leads the firm, now promoted alongside partners Sean Hong and Baek Kim.

What sets Hashed apart is that it operates like an ecosystem builder, not just a cheque writer. It runs independent subsidiaries — Hashed Emergent (emerging markets), UNOPND (early-stage Web3 incubation), Factomind (data insights for builders), ShardLab (fintech-crypto R&D) and KODA (digital asset custody, built with one of Korea's largest banks) — plus Hashed Open Research for policy and regulation. Flagship community initiatives include the annual Hashed Potato Club founder gathering and EastPoint:Seoul, a private institutional conference where digital assets meet mainstream finance.

How to apply for funding

Hashed is a thesis-driven investor that finds most of its deals through its network, events and research arms. Founders should start at hashed.com, study the firm's public theses — currently AI agents, stablecoins and tokenised assets — and reach out through the site's contact channels with a crisp deck showing product traction and a clear token or equity structure.