Ego Death CapitalThe first $100 million of the second venture capital fund has been successfully closed.
Investors have already committed $43,35 million to the fund, demonstrating their strong desire to support the next generation of entrepreneurs. Bitcoin companies. Ego Death has backed many leading startups, including Relai Breez Fedi LN Markets.
Found by Jeff BoothThis fund targets Bitcoin startup companies that are rapidly growing. It is managed by Andi Pitt and Nico Lechuga. Preston Pysh You can also find out more about the following: Lyn Alden Recently, I have joined as General Partner of the second fund.
This first successful close shows the growing appetite of investors to invest capital in the rapidly expanding Bitcoin technology industry.
Nico Lechuga is the founding partner of Ego Death. “While there are a number of Bitcoin-only VC funds investing at the Seed stage, there was no Series A-focused fund to support the rapidly developing ecosystem.”
Jeff Booth commented, “There are almost no words to describe the feeling of having a front seat in the creation of value on a protocol that brings truth, hope, and abundance to 8 billion people.”
It is a sign of maturity that prominent venture capital funds are able to raise large amounts of money devoted solely to Bitcoin startups. Access to capital at a later stage will help accelerate Bitcoin’s development.
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Source: bitcoinmagazine.com
