$BTC Ego Death Capital Secures $100M to Back Bitcoin-Focused Startups
Bitcoin venture capital firm Ego Death Capital on Tuesday closed a $100 million fund that will focus on investing in Bitcoin software startups, according to reporting by Axios.
The fund will specifically aim to back startups in the seed or series A stage with anywhere between $1 million and $3 million in revenue. These will typically be software projects and not firms working on physical products such as cold wallets or physical mining infrastructure.
Ego Death’s new fund has already invested in companies such as bitcoin-based exchanges Roxom and Relai, and Lightning payments firm Breez. “We see bitcoin as the only decentralized and secure base to be able to build on,” said Ego Death Capital Founding Partner Nico Lechuga.
