Ego Death Capital, a venture capital firm dedicated exclusively to Bitcoin, has just closed its second fund at an impressive $100 million to invest in early-stage software companies building on the Bitcoin protocol. 🤑💻
This fresh injection of capital targets Series A startups generating between $1 million and $3 million in annual revenue that have strong traction but need more funding to scale. 📈✨
Announced via Axios, this new fund builds on their initial $43.35 million raise last year, backed by Bitcoin heavyweights like Preston Pysh and Lyn Alden, signaling solid investor confidence in Bitcoin’s future. 🌟🔒
Nico Leshuga, founding partner, emphasizes that Ego Death Capital sees Bitcoin not just as a tradeable asset but as a secure, decentralized infrastructure to build real businesses on. 🏗️🛡️
Already, Ego Death has invested in promising Bitcoin startups such as the Roxom exchange, Relai savings platform, and Breez payment solutions built on the Lightning Network. ⚡💳
Unlike other crypto funds, Ego Death Capital focuses solely on Bitcoin-based projects, steering clear of hardware miners or other cryptocurrencies, doubling down on Bitcoin’s proven stability and growth potential. 🚫⛏️🔄
This move reflects a broader trend as institutional investors increasingly back Bitcoin startups, driven by the booming interest in Bitcoin ETFs and corporate Bitcoin treasuries. 📊🏢
With this $100 million fund, Ego Death Capital aims to become the leading Series A investor for Bitcoin startups, filling a crucial gap where founders often struggle to find committed, knowledgeable backers. 🤝🚀
In short: Ego Death Capital is betting big on Bitcoin’s ecosystem, fueling the next generation of companies that will build the future of finance on the world’s oldest and most trusted blockchain. 🌍🔗💥