HACK VC, a WEB3 venture capital firm that led the $50 million Series A funding round for ECLIPSE, has expressed its deep concern over sexual harassment allegations against ECLIPSE founder Neel Somani. The firm emphasizes a zero-tolerance policy towards any form of sexual harassment or misconduct within HACK VC and holds its founders and portfolio companies to the same high standards. In collaboration with other investors and the team, they urged Neel Somani to resign and have shown strong support for Vijay Chetty as the new CEO of ECLIPSE, believing him to be the ideal candidate to advance the project. This follows the news from March 11 that ECLIPSE Labs, a Layer 2 developer, completed a $50 million Series A funding round led by Placeholder and HACK VC.

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<p>TechFlow reported that Hack VC, a Web3 venture capital firm that led Eclipse's $50 million Series A financing, said it was deeply disturbed by the sexual harassment allegations against Eclipse founder Neel Somani, and stressed that Hack VC would never tolerate any form of sexual harassment or misconduct, and would hold founders and portfolio companies to the same high standards. </p>
<p>They worked with other investors and teams to urge Neel Somani to resign and expressed a strong belief in the mission of the Eclipse team and project. They fully support Vijay Chetty as the new CEO and believe he is the ideal person to move the project forward. </p>
<p><a href="https://www.techflowpost.com/newsletter/detail_42847.html" target="_blank">Previously on March 11, Layer 2 developer Eclipse Labs completed a $50 million Series A financing, led by Placeholder and Hack VC. </p>
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HACK VC Supports ECLIPSE's New CEO Amid Sexual Harassment Allegations Against Founder