Breed VC raises $15 million for its second crypto fund, with FalconX and others participating.

TechFlow reports that on September 23, according to The Block, Breed VC, managed by Jed Breed, completed its second crypto fund raise at a size of $15 million, with investors including FalconX, Hutt Capital, Arrington Capital, and several industry investors.

The fund will focus on investing in startups in open financial infrastructure and decentralized AI, with single investment amounts ranging from $250,000 to $750,000. To date, the fund has invested in AI compute data platform Silicon Data, on-chain lending platform 3Jane, blockchain sovereign debt project M1X Global, and synthetic dollar protocol USD.AI, with full deployment expected over the next three to four years.