Solo GP Jed Breed Raises $15 Million for Second Crypto Venture Fund

second crypto fund — Solo general partner Jed Breed has secured $15 million for his second early-stage crypto venture fund, Breed VC, attracting investment from prominent industry figures and firms.

The fund’s backers include crypto prime brokerage FalconX, as well as individual investors Nic Carter of Castle Island Ventures, Rob Hadick of Dragonfly, and Jake Brukhman of CoinFund. This marks Breed’s second fund, following his initial vehicle which launched in 2021.

Breed VC focuses on investing in pre-seed and seed-stage crypto startups. The fund’s strategy is to provide foundational capital to new projects and protocols within the digital asset ecosystem.

The successful close highlights continued institutional and high-net-worth interest in venture funding for early-stage crypto companies, even amid broader market fluctuations. The involvement of established names signals confidence in the sector’s long-term infrastructure development.