Veda, a New York-based platform, has successfully raised $18 million in a funding round led by CoinFund, directing these funds to improve infrastructure and simplify DeFi vault operations.
Veda secured $18 million with top VC support
Veda recently concluded a successful funding round, raising $18 million. This round was backed by key investors, including Coinbase Ventures, GSR, and Animoca Ventures. The raised capital will enable Veda to expand its infrastructure and enhance security.
Positive market response boosts platform usage
Market responses to the funding have been positive, with a reported increase in platform usage. Organizations and investors are showing growing interest in engaging with DeFi through Veda.
DeFi funding trends indicate potential Veda growth
Past significant funding rounds in DeFi, such as those for Yearn, indicate potential future growth for Veda. Historically, increased institutional interest can lead to higher total value locked (TVL). Sun Raghupathi, Co-Founder and CEO, 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.'
Thus, Veda emerges as a notable player in the evolving DeFi space, following trends established by previous successful projects.
