Breed VC, a new crypto venture capital fund launched by Nic Carter, founder of Castle Island Ventures, has completed the fundraising of US$20 million for its first fund, with participation from Nic Carter and Matt Walsh’s Castle Island Ventures, Tribe Capital and Shima Capital.
It is reported that Breed VC will focus on pre-seed and seed round financing, with vertical fields including decentralized finance (DeFi), consumer-centric decentralized applications (dapps), NFT infrastructure and blockchain expansion solutions. At present, Breed VC has reached the first transaction with a portfolio company and will also provide operational support to the company. (CoinDesk)