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]