HACK VC, the WEB3 venture capital firm that led ECLIPSE's Series A round, expressed deep concern about the sexual harassment allegations against ECLIPSE founder Neel Somani and announced zero tolerance for sexual harassment or misconduct. After learning of the allegations, HACK VC worked with other investors to urge Somani to resign while fully supporting Vijay Chetty as the new CEO. ECLIPSE Labs announced in March this year that it had completed a $50 million Series A round of financing, led by HACK VC and Placeholder. Somani announced his "temporary withdrawal" due to sexual harassment allegations and insisted in a post that he was innocent.

Odaily Planet Daily News: 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. Hack VC itself will never tolerate any form of sexual harassment or misconduct, and holds founders and invested companies to the same high standards.
After learning the news, Hack VC 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 his project forward.
It is reported that in March this year, Eclipse Labs announced the completion of a $50 million Series A financing, led by Placeholder and Hack VC, and participated by RockTree Capital, Polychain Capital, Delphi Digital, Maven 11, DBA, Apollo-managed funds, Fenbushi Capital, ParaFi Capital, etc.
Earlier news, Eclipse founder and CEO Neel Somani is about to leave, and Vijay Chetty will be appointed CEO of Eclipse Labs. Chetty will be promoted from Chief Growth Officer and assume all responsibilities of CEO.
Earlier on May 10, Neel Somani announced that he would "temporarily withdraw" from his duties as Ethereum Layer 2 solution due to sexual harassment allegations. Despite multiple allegations of sexual misconduct, Somani insisted in a post that he was innocent. After the decision came out, Somani said it was a fair treatment of the Eclipse team, investors and developer ecosystem.

HACK VC expresses concern over sexual harassment allegations against ECLIPSE founder, supports new CEO