Nic Carter's Castle Island Ventures Backs New Crypto VC Firm

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.CastleIslandVC is among the backers of new crypto firm breed_vc, which was founded by Circle’s former digital assets head. BrandyBetz reports

Breed VC, a new crypto-focused firm, has closed fundraising for its first fund and brought in a “considerable portion” of its $20 million target, founder and general partner Jed Breed told CoinDesk during an interview. The fund was backed by Nic Carter and Matt Walsh's Castle Island Ventures, Tribe Capital and Shima Capital, among others.

“I’ve known Jed since 2018 when we met in the Boston crypto scene. I’m backing him because he has a great track record as an investor, is very crypto-native and has an excellent network in the space,” said Castle Island Ventures general partner Carter in an emailed statement. “I launched my first fund in a bear market and know how hard it is to raise during times like this. However, these tend to be the best times to deploy.

"Our midterm thesis is following closely for the next breakout application in crypto. Long term, as scaling and UX improve we feel every interaction on the internet will be built on crypto rails. Crypto is here to stay and we plan to take an active part in helping builders create the future,” said Breed.

 

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CastleIslandVC breed_vc BrandyBetz Sounds like another winner from Nic. The joke is in the word “another”

CastleIslandVC breed_vc BrandyBetz Lovely more shitcoin trash. Get ready noobs you’re gonna get shilled crap with a bow on it.

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