Veda Raises $18M in CoinFund-Led Funding Round

Veda, a New York-based DeFi vault platform, secured $18 million in a funding round led by CoinFund.

This funding enhances Veda’s infrastructure, seeks to expand operations, and improves DeFi vault offerings, impacting both consumer and institutional audiences.

Veda Secures $18 Million with Top VC Support

Veda, prominent in the DeFi vault sector, recently concluded a successful funding round, amassing $18 million. The round was led by CoinFund and saw participation from multiple venture capital firms.

Key investors include Coinbase Ventures, GSR, and Animoca Ventures. The raised capital will facilitate Veda’s infrastructure expansion, focusing on simplifying user experience and enhancing security.

Positive Market Response Boosts Platform Usage

The funding is expected to impact the DeFi industry by enabling Veda’s further development. Immediate market responses have been positive, with an increase in platform usage and integration.

Organizations and investors anticipate broader adoption of Veda’s offerings. These developments suggest a movement towards institutional engagement in DeFi.

DeFi Funding Trends Indicate Potential Veda Growth

Past significant funding rounds in DeFi, such as those for Yearn, indicate potential future growth for Veda. Similar events have resulted in expanded TVL and industry integration.

Based on historical trends, increased institutional interest in Veda might translate into higher TVL and asset diversification, as seen with other major DeFi initiatives. Sun Raghupathi, Co-Founder and CEO, Veda, stated, “The best infrastructure is invisible — it just works. That’s what we’ve built with Veda. We enable any platform to offer onchain yield without exposing the complexity of DeFi, while preserving what makes it powerful: self-custody, transparency, and control.”