Breed VC, founded by Jed Breed in 2022, has closed or raised $15 million for its second crypto-focused fund, with FalconX confirmed as a participant. Earlier reporting described the Miami-based firm’s vehicle as a final close for investments in Day Zero, pre-seed and seed-stage startups across crypto infrastructure, decentralized finance, open financial infrastructure, decentralized AI and real-world assets, with checks of $250,000 to $750,000 deployed over three to four years. That account named Hutt Capital, Arrington Capital, Nic Carter, Rob Hadick and Jake Brukhman as backers, while the latest report confirms only FalconX and does not specify its role or release a full participant list. The latest account also does not clarify whether the $15 million represents a final close, an initial tranche, a target size or a hard cap, creating a disclosure discrepancy with earlier reports that characterized the fund as closed.