Veda Secures $18M Funding Led by CoinFund
- Veda secured $18 million, led by CoinFund.
- Focus on DeFi vault expansion.
- Partnerships with Coinbase and Animoca.
Veda, a DeFi infrastructure company, completed an $18 million funding round led by CoinFund. Joining the funding were Coinbase Ventures, Animoca Ventures, and others. The financing aims to expand its DeFi solutions across multiple blockchains, enhancing its vault infrastructure.
The move underlines the increasing institutional interest in advanced DeFi infrastructure. Veda’s aim to streamline on-chain yield products may bolster mainstream financial adoption.
Veda completed a funding round receiving $18 million. Major investors include CoinFund, Coinbase Ventures, and Animoca Ventures. Veda plans to use the funds to expand its DeFi infrastructure with a specific focus on enhancing vault technologies.
Institutional Endorsement
CoinFund led this funding initiative, marking a strong institutional endorsement for Veda’s strategy. The funds will bolster resource allocation towards deeper integration with multi-blockchain platforms, potentially increasing mainstream adoption of Veda’s products.
Market Confidence
The involvement of prominent VCs in this round signifies growing market confidence. Veda’s infrastructure-first approach could drive institutional participation in DeFi. The company’s modular vaults support diverse yield applications, showing industry relevance.
With over $3.3–$3.7 billion TVL as reported, Veda’s impact on the DeFi ecosystem is significant. The company’s vaults, suitable for different yield-bearing products, promise compliance and risk management, critical in today’s evolving regulatory ecosystem.
Potential outcomes include enhanced institutional acceptance and further refinement of DeFi infrastructure. This funding could set a precedent for future investments in decentralized financial ecosystems, aligning with both market demands and regulatory trends.
**Sun Raghupathi, Co-Founder and CEO, Veda,** – “The best infrastructure is invisible — it just works. That’s what we’ve built with Veda…” Source
