DeFi vault platform Veda has just raised 18 million USD in a funding round led by CoinFund, with participation from Coinbase Ventures, GSR, Maelstrom, Animoca Ventures, Mantle EcoFund, BitGo, Credibly Neutral, Draper Dragon, Heartcore, PEER VC, and Relayer Capital.
Angel investors include Anchorage CEO Nathan McCauley, EtherFi co-founder Mike Silagadze, and Polygon co-founder Sandeep Nailwal. The funding round was completed in May, according to Veda's co-founder and CEO Sun Raghupathi, though he did not disclose the valuation.
Veda says it will use this capital to expand its strategy for accessing onchain and offchain profit sources, upgrade enterprise services, and expand the platform to better support developers.
According to Veda, DeFi promises open and low-risk financial freedom, but remains too complex for users and lacks scalable infrastructure for multi-chain deployment. To reach mainstream users, applications need to simplify DeFi while maintaining asset self-custody, transparency, and safety.
Veda aims to simplify DeFi through a comprehensive vault infrastructure, helping applications and financial institutions provide profit-generating products without requiring users to understand complex mechanisms. Users can easily access onchain financial services while maintaining the advantages of decentralization.
"With the rapid development of stablecoins and digital assets, more people will turn to DeFi protocols for interest, rewards, and investments," said David Pakman, Managing Partner of Venture Investments at CoinFund. "Vault is the most transparent and flexible infrastructure in DeFi, and Veda stands behind BoringVault – currently the best and most popular vault. We believe in their vision and are excited to join them."
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The article Veda raises 18 million USD to expand DeFi infrastructure first appeared on CoinMoi.
