When Veda stepped onto the DeFi stage in March 2024, the crowd wasn’t ready. Vault infrastructure? Crosschain yield products? It sounded niche, until they started locking billions and doing it cleaner, faster, and more scalable than anyone else in the game. Now they’ve gone and raised $18M in their first external round, and suddenly the whispers in the back room turned into phone calls at the top of the hour.
This isn’t some throwaway funding headline. This is the moment you realize Veda didn’t just build a product, they architected the pipes for onchain finance to scale. And that capital? Courtesy of some serious believers, CoinFund leading the charge, with Coinbase Ventures, GSR, Maelstrom, Animoca Ventures, Mantle EcoFund, BitGo, Credibly Neutral, Draper Dragon, Heartcore, PEER VC, and Relayer Capital all pulling up. Toss in strategic angels like Nathan McCauley from Anchorage, Mike Silagadze of Ether.Fi, and Sandeep Nailwal from Polygon, and suddenly you’ve got an operator’s dream cap table, part heat, part brains, all conviction.
It’s easy to throw money at hype. It’s harder to get $3.7B+ in TVL without a single consumer-facing app. That’s Veda’s play: power the yield, abstract the headache. They’re vault infrastructure at a protocol level, no dashboards, no hand-holding, just raw rails that let fintechs, DeFi projects, and institutions launch compliant, yield-generating products without sweating cross-chain complexity, risk allocation, or capital automation.
Under the hood, Veda’s tech slaps. BoringVault (ironic name, wild impact) has become DeFi’s most widely used vault standard. eBTC? Onboarded to Aave’s main market through Veda. Ether.fi, Plasma, Lombard, Binance Wallet, Bybit, already integrated. And the $18M isn’t for a flex. It’s fuel for deeper protocol support, new modules for institutional use, and a partnership drop with a top-5 exchange that’s already in the chamber.
CEO Sunand Raghupathi, CTO Joseph Terrigno, and COO Stephanie Vaughan didn’t just emerge from the Sommelier Protocol and Seven Seas Capital labs, they walked out with the cheat codes to DeFi optimization. Now they’re running the biggest vault platform in the ecosystem from New York, and they’re doing it with military-grade compliance (literally, Stephanie’s a U.S. Naval Academy grad) and machine-learning-level precision.
Veda isn’t playing yield games. They’re building the backbone of decentralized finance, one modular vault, one line of code, one integration at a time.
