Hashed is a venture capital firm founded in 2017 , positioning itself as one of Asia's leading blockchain-focused investors. Based in Seoul and San Francisco, with additional offices in Singapore, Bengaluru, and Abu Dhabi , the firm specializes in early-stage investments across crypto infrastructure, DeFi, gaming, and Web3 consumer applications. The firm reports approximately $225 million in assets under management , though it has grown from an initial capital base of around $600,000 to managing hundreds of millions of dollars as crypto markets expanded.
As of April 2026, Hashed has invested in 209 companies, with 5 new investments in the last 12 months . The firm takes a hands-on approach, working closely with founders on tokenomics, product strategy, and community development rather than operating purely as a financial investor. It primarily invests in Seed rounds in United States-based startups , though its geographic reach extends across the United States, South Korea, Singapore and 27 more locations .
Notable Investments
Hashed's portfolio has seen 10 unicorns, 1 IPO and 4 acquisitions including key companies like Aptos, CCP Games and Republic . Aptos is a layer-1 blockchain built with MOVE language that aims to provide reliable infrastructure for Web3 applications . Republic is an investing platform that curates private investing opportunities across startups, gaming, real estate, and crypto . Other notable investments include Green Labs and Taiko .
The firm invested in Terra, the algorithmic stablecoin platform, which later experienced catastrophic failure. Hashed co-invests frequently with major funds like Coinbase (22 portfolio companies) , and has worked alongside Pantera Capital, Coinbase, and Andreessen Horowitz on various deals. Public information about specific investment amounts or detailed exits remains limited. Additional portfolio companies can be found on the official Hashed website and tracked via Crunchbase.
Team
Simon Seojoon Kim is CEO and Managing Partner at Hashed . Prior to Hashed, Simon co-founded ed-tech startup Knowre in the US and Korea where he served as Chief Product Officer; Knowre was named one of the World's Top 10 Most Innovative Companies in Education by Fast Company and later acquired by Daekyo . Simon serves as a member of 4th Revolution Committee of the South Korean Parliament, Director of Korea Blockchain Association and a member of Busan Blockchain Free zone committee .
Key team members include Ethan Kyuntae Kim (Chief Technology Officer), Hwisang Kim (Chief Investment Officer), and Ryan Kim (Chief Acceleration Officer) . In 2021, Hashed promoted Sean Hong and Baek Kim as partners; Hong serves as CFO and Kim leads global investments . Hashed has a team of 20 people including 8 partners . The founding team comprises serial entrepreneurs and engineers, which informs their operator-focused approach to portfolio support.
Recent Activity
In December 2021, Hashed launched a new $200 million fund, Hashed Venture Fund II, to invest in Web3 startups including those focused on metaverse, blockchain gaming, NFTs, and DeFi . More recently, in 2025 Hashed Ventures secured a strategic investment from SMBC Nikko Securities, a core subsidiary of Japan's Sumitomo Mitsui Financial Group, into its Hashed Venture Fund III, underscoring growing collaboration between traditional financial institutions and Web3-focused venture investors in Asia .
In a significant expansion move, Hashed secured a Financial Services Permission from the Abu Dhabi Global Market (ADGM) in April 2026 . With the license, Hashed plans to collaborate with Middle Eastern institutional investors within a regulated environment . This follows recent moves by Binance, Circle, and Tether to obtain permissions in Abu Dhabi , reflecting the region's emergence as a hub for regulated crypto innovation.
Hashed operates independent subsidiaries including Hashed Emergent (emerging markets), UNOPND (incubating early Web3 startups), Factomind (data-driven insights), ShardLab (fintech x crypto R&D), KODA (institutional custody), and Hashed Open Research (regulations and policies) to capture opportunities across the ecosystem.
Wins and Challenges
Hashed's track record includes genuine successes with Aptos and Republic achieving unicorn status and strong market positions. The firm established itself early in South Korea's blockchain ecosystem and expanded globally with strategic presence across key markets. Its 2.83 retail ROI reflects solid but not exceptional returns for a crypto-focused fund.
However, the firm's investment in Terra represents a notable failure – the algorithmic stablecoin collapsed spectacularly in May 2022, wiping out billions in market value and triggering contagion across crypto markets. Like many crypto VCs, Hashed operates in a sector characterized by extreme volatility, regulatory uncertainty, and technological risk. The firm's long-term performance will depend on navigating these challenges while supporting sustainable Web3 infrastructure rather than speculative token projects.
