AI startups backed by Hashed hit hundreds of millions in monthly sales, score exits

Founding teams that participated in global digital asset venture capital firm Hashed's startup support program are delivering results, with some posting hundreds of millions of won in monthly sales and others completing successful exits. Hashed plans to recruit promising founding teams on a rolling basis, offering rapid small-ticket investments and connections to global investors.

At the Nitro Track Day event held Thursday at Hashed Lounge in Gangnam-gu, Seoul, CEO Kim Seo-jun said he began rethinking the firm's investment approach after witnessing solo "vibe coding" founders generate significant revenue. "When Claude Opus 4.5 appeared late last year and I saw solo vibe-coding founders pulling in major sales, I realized we couldn't keep investing the way we had been," he said. "I wanted to build a community where we could work alongside people who are hard to find through traditional VC methods."

Nitro is Hashed's AI-focused community for founders and developers. It is a revamped version of Hashed Vibe Labs, a startup support program launched earlier this year, and is designed to help founders share lessons learned during the development process and collaborate with experts.

At a Game Day event held in April, Hashed unveiled products from four teams: KYRO, GPTO, Elyn and GGUI. Kim said GPTO has since secured investment from Hashed's main fund and grown into a company generating hundreds of millions of won in monthly sales, while Elyn achieved a successful exit after rapid growth in a short period.

Hashed is also expanding its own AI ventures. At the event, Kim introduced two in-house projects: Vooy, an AI agent service, and Morpio, an AI animation production project. He said Vooy has integrated connections to roughly 110 external services across South Korea and Japan, while Morpio is developing technology to render text and comic-book scenes into video.

Hashed also plans to build a platform connecting Nitro participants with global investors and major South Korean conglomerates. "A defining feature of the Hashed fund is that virtually all of Korea's major conglomerates are in as limited partners," Kim said. "We want to provide a platform that enables interaction with Samsung, Naver, Kakao, LG Group, SK Group, Hanwha, Nexon and Krafton."