Breed VC Raises $15 Million for Second Crypto Fund with Participation from FalconX and Others

BlockBeats news, September 23: Breed VC has raised $15 million for its second crypto fund, with investors including FalconX, Hutt Capital, Arrington Capital, as well as Nic Carter of Castle Island Ventures, Rob Hadick of Dragonfly, and Jake Brukhman of CoinFund.

The fund primarily invests in "Day Zero," Pre-Seed, and Seed stage crypto startups, with individual investments ranging from $250,000 to $750,000, focusing on open financial infrastructure and decentralized AI, and plans to deploy over the next 3 to 4 years. Breed VC's first fund was launched in 2023 and has completed its investments, with a portfolio including Monad, Ethena, Agora, MyPrize, and Nous Research, among others. (The Block)