Breed VC's first fund has completed fundraising of approximately 20 million USD

ChainCatcher news, according to CoinDesk, cryptocurrency-focused investment firm Breed VC has completed fundraising for its first fund of approximately $20 million, with supporters including Castle Island Ventures, Tribe Capital, and Shima Capital.

It is reported that Breed VC will focus on Pre-Seed and Seed stage financing, with interested verticals including DeFi, consumer-centric dApps, NFT infrastructure, and blockchain scaling solutions. Breed VC founder Jed Breed previously worked at Circle and helped launch the US dollar stablecoin USDC. (source link)