On July 8, according to Axios, Ego Death Capital's second fund completed $100 million in fundraising, focusing on supporting the expansion of companies in the Bitcoin ecosystem. The fund's typical target companies have annual revenue of between $1.00 million and $3.00 million, but their development is hampered by limited funding. The new fund will primarily focus on Series A funding, helping companies with proven results to scale up, while also reserving a small amount of capital for promising early-stage (seed round) investments. [BlockBeats]

On July 9 (UTC+8), Ego Death Capital, a venture capital firm focused on the Bitcoin ecosystem, announced that its second fund has successfully raised $100 million. This funding will be primarily used to support early-stage startups building on the Bitcoin blockchain, further strengthening its investment in this niche market within the crypto venture capital space. Ego Death Capital was founded in 2022. Its first fund raised $25.20 million, and it also established a special purpose vehicle (SPV) of $7.50 million. The company's founding partners include Jeff Booth, Andi Pitt, and Nico Lechuga. It is reported that the second phase of the fund will mainly focus on leading Series A financing, with initial investments ranging from $3.00 million to $8.00 million. The fund targets companies building on Bitcoin and its emerging application layers, including the Lightning Network, Fedimint, and Discreet Log Contracts. The second phase of the fund has completed investments in three companies: Relai: a Swiss Bitcoin brokerage; LN Markets: a derivatives trading platform built on the Lightning Network; Roxom: a company building a global trading system on Bitcoin. (Source: Bitpush) [Meta Era]

Ego Death Capital, focused on the Bitcoin ecosystem, completes $100 million second fundraise

Ego Death Capital, a venture firm focused on the Bitcoin ecosystem, has closed its second fund at $100 million, doubling down on its thesis of backing early-stage startups building on the Bitcoin blockchain — a niche focus within the broader crypto venture landscape.

The close comes about 18 months after Ego Death Capital first announced plans to raise the fund in January 2024. Fund II will focus on leading Series A rounds, with initial checks ranging from $3 million to $8 million, targeting companies that build on Bitcoin and its emerging application layers, including the Lightning Network, Fedimint, and Discreet Log Contracts.

For a growing set of crypto VCs, Bitcoin has become more than just a store of value. As The Block previously reported, investors are increasingly backing startups building on Bitcoin’s emerging layers — from Lightning to rollups — seeing the protocol as a secure, battle-tested base for real-world applications.

“We’re investing in businesses that treat Bitcoin not as a trade, but as infrastructure — something to build on, not bet on,” said Lyn Alden, general partner at Ego Death Capital.

The firm is targeting what it sees as a gap in Series A funding for Bitcoin-focused startups, where founders often struggle to find lead investors with both technical expertise and long-term commitment. Its partners say they are backing companies with working products and early traction, rather than speculative projects chasing short-term gains.

Fund II has already invested in three companies: Relai, a Swiss bitcoin brokerage; LN Markets, a derivatives trading platform built on the Lightning Network; and Roxom, which is building a global trading system on Bitcoin.

Ego Death Capital launched in 2022. Its first fund raised $25.2 million, along with a $7.5 million special purpose vehicle.

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Bitcoin-focused VC Ego Death Capital closes $100 million second fund

Ego Death Capital has closed its second $100 million fund to invest in software companies on the Bitcoin protocol, focusing on Series A investments in Bitcoin-native firms with positive cash flow. The fund's investors are Bitcoin-aligned family offices seeking exposure to revenue-generating businesses in the Bitcoin space.

Ego Death Capital Raises $100 Million to Fund Bitcoin Companies

Ego Death Capital has closed its second fund, totaling $100 million, to invest exclusively in software companies building businesses on the Bitcoin protocol. The firm is positioning itself as a lead Series A investor in an ecosystem where scalable, Bitcoin-native firms are beginning to achieve positive cash flow. JUST IN: Ego Death Capital closes $100 million fund to invest in #Bitcoin companies pic.twitter.com/SFLojQIrBa “We’re in Bitcoin, investing in true companies … that are solving real world problems,” said Nico Lechuga, one of Ego Death’s founding partners, in a statement to Axios. Unlike many venture firms spread across the broader digital asset landscape, Ego Death Capital maintains a strict focus on Bitcoin. The second fund will primarily back Series A stage companies with annual revenues between $1 million and $3 million that are capital-constrained but showing traction. A small portion of the fund will be allocated to promising seed-stage ventures.  The fund’s investors are mostly Bitcoin-aligned family offices, reflecting a rising appetite for exposure to firms building sustainable, revenue-generating Bitcoin focused businesses. Lechuga noted that the industry lacked a lead investor for Series A rounds in the Bitcoin space, a gap Ego Death is now aiming to fill. “We see Bitcoin as the only decentralized and secure base to be able to build on,” Lechuga added. The fund has already made a few early bets, including investments in: The fund’s $100 million raise follows a strong first close of $43.35 million announced last year, which saw prominent Bitcoin voices like Preston Pysh and Lyn Alden join Ego Death Capital as general partners. The early commitments signaled robust investor confidence in the firm’s vision, which has already led to backing notable startups like Fedi, LN Markets, and more. Ego Death Capital is deliberately steering clear of speculative crypto projects, choosing instead to support companies that derive their business models directly from the Bitcoin protocol. Lechuga believes Bitcoin-based firms offer a better path forward, some are now generating cash flow in BTC, creating opportunities to outperform the underlying asset.

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Ego Death Capital Closes $100 Million Raise to Scale Bitcoin Companies

On July 8, Axios reported that Ego Death Capital's second fund has completed a $100 million fundraising. The fund focuses on supporting the expansion of companies in the Bitcoin ecosystem. The new fund will primarily focus on Series A funding, helping companies with proven results to scale up, while also reserving a small amount of funds for promising early-stage (seed round) investments. [Deep Tide TechFlow]

Ego Death Capital's second fund completes $100 million fundraising, focusing on supporting the expansion of Bitcoin ecosystem companies

Ego Death Capital's second fund has completed a $100 million fundraising, focusing on supporting the expansion of companies in the Bitcoin ecosystem. The fund typically targets companies with annual revenue between $1.00 million and $3.00 million, but whose growth is limited by available capital. The new fund will primarily focus on Series A funding rounds, helping companies with proven results to scale up, while also reserving a small amount of capital for promising early-stage project investments. The second fund has already made some investments, including Bitcoin-based exchange Roxom, Bitcoin savings tool Relai, and Lightning Network-based payment infrastructure Breez. (Axios) [Odaily Planet Daily]

Ego Death Capital's Second Fund Completes $100 million Fundraising to Support Bitcoin Businesses

On July 8th, according to Axios, Ego Death Capital's second fund has raised $100 million, focusing on supporting the expansion of companies within the Bitcoin ecosystem. The fund typically targets companies with annual revenues ranging from $1 million to $3 million, but whose growth has been hindered due to limited funds. This new fund will mainly focus on the Series A funding stage, helping proven companies scale up, while also setting aside a small amount of funds for early-stage projects with promising prospects (seed round) investment. [BlockBeats]

Ego Death Capital's Second Fund Completes $100 Million Raise, Focused on Supporting Bitcoin Ecosystem Company Expansion

According to Axios, Ego Death Capital's second fund has completed $100 million in financing. The fund focuses on supporting the expansion of companies in the Bitcoin ecosystem. The new fund will primarily focus on Series A funding, helping companies with proven results to scale up, while also reserving a small amount of funds for promising early-stage projects (seed round) investments. [Foresight News]

Venture capital firm Ego Death Capital has raised $100 million from family offices and other investors to support early-stage Bitcoin (BTC) companies, highlighting the growing institutional appetite for digital asset-focused ventures. The fund aims to back Series A rounds for companies generating between $1 million and $3 million in annual revenue, founding partner Nico Leshuga told Axios in an exclusive interview. Leshuga said he sees “Bitcoin as the only decentralized and secure base to be able to build on.” Ego Death Capital is building on Bitcoin at a time of heightened institutional interest in the asset, driven by the strong performance of US spot Bitcoin exchange-traded funds (ETFs) and the growth of corporate Bitcoin treasuries. So far, Ego Death has invested in several Bitcoin-focused startups, including the Roxcom exchange, the Relai savings platform and Breez, a payments solution built on the Lightning Network. However, the firm does not plan to invest in hardware-focused companies such as Bitcoin miners or wallet manufacturers, and it has no interest in backing projects related to other cryptocurrencies. Dozens of publicly traded and private companies have added Bitcoin to their balance sheets — a trend that has only accelerated in recent months. Related: VC Roundup: DeFi, AI, hybrid exchanges showcase resilient month for crypto Beyond Bitcoin, venture capital funding in the broader cryptocurrency and blockchain space rebounded sharply in the second quarter, with companies raising a cumulative $10.03 billion, according to CryptoRank data. More than half of that funding came in June alone, accounting for $5.14 billion. Some of the largest deals of the quarter included American politician Vivek Ramaswamy’s $750 million Strive fundraise and the launch of 21 Capital, which raised $585 million to acquire Bitcoin. Overall, second-quarter VC funding marked the industry’s strongest quarter since Q1 2022, when total investments reached $16.64 billion. Related: ChatGPT vs X: Which is better at first spotting the next big crypto narrative?

Ego Death Capital raises $100M to finance Bitcoin-focused startups

The venture fund has already invested in Bitcoin-focused exchanges, savings platforms and payment solutions.

据Axios报道，7月8日，Ego Death Capital的第二只基金完成了1亿美元的募资，重点支持Bitcoin生态系统中公司的扩展。 该基金的典型目标公司年收入在100万至300万美元之间，但因资金有限发展受阻。新基金将主要聚焦于A轮融资，帮助已有成果的公司实现规模扩大，同时也为有潜力的早期（种子轮）投资预留少量资金。 [BlockBeats]

Ego Death Capital 的第二支基金完成了1亿美元的募资，重点支持比特币生态系统公司的扩展。

據Axios報道，7月8日，Ego Death Capital的第二只基金完成了1億美元的募資，重點支持Bitcoin生態系統中公司的擴展。 該基金的典型目標公司年收入在100萬至300萬美元之間，但因資金有限發展受阻。新基金將主要聚焦於A輪融資，幫助已有成果的公司實現規模擴大，同時也爲有潛力的早期（種子輪）投資預留少量資金。 [BlockBeats]