Veda Secures $18M: CoinFund Leads DeFi Vault Funding
Decentralized finance startup Veda has secured $18 million in a Series A round led exclusively by CoinFund, with participation from a wide range of top crypto investors.
The round closed in May, though Veda CEO Sun Raghupathi did not disclose the company’s valuation.
Major backers in the raise include Coinbase Ventures, GSR, Maelstrom, Animoca Ventures, and the Mantle EcoFund. Institutional players like BitGo and Credibly Neutral joined the round, along with VC firms Draper Dragon, Heartcore, PEER VC, and Relayer Capital. Notable angel investors also contributed, including Anchorage CEO Nathan McCauley, Polygon co-founder Sandeep Nailwal, and EtherFi co-founder Mike Silagadze.
Scaling the Platform for Enterprise and Yield Access
According to Raghupathi, the fresh capital will fuel platform expansion and product enhancements. Veda plans to scale up support for developers, expand its strategy set, and offer broader access to both on-chain and off-chain yield sources. Enhanced services for enterprise users are also on the roadmap.
The funding will accelerate Veda’s goal of building a robust, developer-friendly infrastructure that bridges the complexity gap in DeFi.
Veda’s Mission: Making DeFi Simple, Secure, and Scalable
Veda positions itself as a next-generation vault protocol focused on reducing friction in decentralized finance. While DeFi offers powerful alternatives to traditional finance, it remains difficult to use, fragmented across chains, and unfriendly to mainstream users.
Veda’s solution combines simplicity, self-custody, and transparency—aiming to deliver secure, scalable DeFi strategies without compromising user control. As multichain ecosystems grow and institutional appetite for real yield increases, Veda’s model could become a key part of DeFi’s next adoption wave.
Kosta Gushterov
Reporter at Coindoo
Kosta kam 2021 zum Team und hat sich mit seinem Wissensdurst, seiner unglaublichen Hingabe und seiner analytischen Denkweise schnell einen Namen gemacht. Er deckt nicht nur ein breites Spektrum an aktuellen Themen ab, sondern schreibt auch bemerkenswerte Rezensionen, PR-Artikel und Bildungsinhalte. Seine Arbeit wird auch von anderen Nachrichtenagenturen zitiert.
