Breed VC has raised $15 million for its second crypto fund, with backers including FalconX, Hutt Capital, Arrington Capital, and Nic Carter of Castle Island Ventures, Rob Hadick of Dragonfly, and Jake Brukhman of CoinFund. The fund primarily invests in crypto startups at the “Day Zero,” pre-seed, and seed stages, with individual investments ranging from $250,000 to $750,000. It focuses on open financial infrastructure and decentralized AI, with plans to deploy over the next 3 to 4 years. Breed VC launched its first fund in 2023 and has already completed its investments; its portfolio includes Monad, Ethena, Agora, MyPrize, and Nous Research. (The Block)