Breed VC

Breed is a crypto-native venture fund advancing the decentralized world, focused on early-stage investments and partnering with the world's most ambitious and transformative entrepreneurs. It's currently raising its second fund, having closed roughly $13.58 million so far. Beyond capital, Breed publishes in-depth research on crypto trends — covering AI-crypto convergence, MEV, agentic finance, and decentralized AI — and has shared its due diligence framework publicly to help founders understand its evaluation criteria. Its focus spans blockchain infrastructure, DeFi protocols, restaking, and stablecoins. Notable investments include Monad, Ethena, Nous Research, Agora, Plume, Infinex, and Puffer, reflecting an approach centered on backing foundational, category-defining crypto infrastructure at the earliest stages.