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Breed VC raised $15 million for its second crypto fund, with FalconX among the backers.

57 minutes ago

Breed VC has raised $15 million for its second crypto fund, with backers including FalconX, Hutt Capital, Arrington Capital, plus individual investors Nic Carter of Castle Island Ventures, Rob Hadick of Dragonfly, and Jake Brukhman of CoinFund. The fund will primarily invest in crypto startups at the Day Zero, Pre-Seed, and Seed stages, with check sizes ranging from $250,000 to $750,000, focusing on open financial infrastructure and decentralized AI. It plans to deploy capital over the next three to four years. Breed VC’s first fund, launched in 2023, is now fully invested, with a portfolio including Monad, Ethena, Agora, MyPrize, and Nous Research. (The Block)

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