Jed Breed

Breed has said that by 2023 he had been in the industry for about a decade, starting out as a “bedroom miner” mining bitcoin at home; at the time, a video by Andreas Antonopoulos introduced him to the idea of applying blockchain technology to all kinds of transactional applications beyond money. After reading the Ethereum whitepaper in 2014, he has been hooked on this fundamental change in how people interact ever since.⁠[1][2][1][1]

Breed later joined Circle as head of digital assets and helped launch the stablecoin USDC. He then ran DeFi efforts for institutional investors and invested in crypto startups as an angel investor alongside top venture firms.⁠[3][2][3][2][3]

On January 31, 2023, Breed announced the launch of Breed VC’s first fund, with a $20 million target, focused on pre-seed and seed investments in crypto projects in areas including DeFi, consumer-focused decentralized applications, NFT infrastructure, and blockchain scaling. The fund closed at the beginning of that year, raising a “considerable portion” of its target; its investors included Castle Island Ventures general partner Nic CarterNic CarterNic Carter is a crypto venture capitalist and researcher who founded the venture firm Castle Island Ventures and co-founded the blockchain data company Coin Metrics; he has long written about Bitcoin, stablecoins, and the crypto industry’s access to banking.Open the full entry, investing as an individual, people from firms including Tribe Capital and Shima Capital, and early employees of Uniswap, Figment, and Circle. Carter said he had known Breed since 2018, when they met in the Boston crypto scene.⁠[1][2][2][2][2][1][2]

On September 22, 2026, Breed announced the close of Breed VC’s second fund at $15 million. Its investors included FalconXFalconXFalconX is a digital asset prime brokerage for institutional clients, providing crypto asset trading, financing, custody, and other services; in 2025 it acquired 21Shares, an issuer of crypto exchange-traded products.Open the full entry, Hutt CapitalHutt CapitalHutt Capital is a venture capital firm focused on blockchain that initially operated as a fund of funds platform investing in blockchain venture funds, alongside direct and secondary investments, and later became a secondaries firm dedicated to buying limited partner interests in blockchain venture funds and existing shares in blockchain companies.Open the full entry, Arrington CapitalArrington CapitalArrington Capital is a firm that invests in digital assets and Web3 and manages funds including Arrington XRP Capital Fund; since 2025, through that fund, it has served as sponsor of the special purpose acquisition company Armada Acquisition Corp. II, driving its merger with the XRP treasury company Evernorth.Open the full entry, Nic Carter, Rob Hadick (general partner at Dragonfly), and Jake BrukhmanJake BrukhmanJake Brukhman is the founder of the crypto investment firm CoinFund and, as of October 2026, serves as its CEO and Managing Partner.Open the full entry (general partner at CoinFund). He said the 2023 first fund had been fully deployed and had begun distributing cash returns to its investors; teams Breed VC has partnered with from the earliest stages include Monad, Ethena, Agora, MyPrize, and Nous Research.⁠[4][4][4][4][4]

The second fund continues to back early-stage founders building decentralized, user-owned systems, writing checks of $250,000 to $750,000 without requiring a lead position; its early investments include Silicon Data, 3Jane, M1X, and USD.AI. Breed said the fund was deliberately kept at $15 million so that returns depend on fund performance rather than management fees.⁠[4][4][4][4]

Breed VC: Official website: https://breed.vc/ (opens in a new window).⁠[3]

X: Public account: https://x.com/JedBreed (opens in a new window)⁠[3]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/in/jedbreed/ (opens in a new window)⁠[3]