Ego Death Capitala venture capital fund focused on investing in bitcoin technology startups, announced the successful first close of its $100 million second fund.
The fund has already secured $43.35 million in commitments from investors, highlighting strong interest in backing the next wave. Bitcoin companiesEgo Death has previously backed leading startups such as Relai, Breez, Fedi, and LN Markets.
Founded by Jeff Boothalong with Andy Pitt and Nico Lechuga, through this fund, Ego Death Capital is seeking to make Series A investments in fast-growing Bitcoin startups. Preston Pisch and Lynn Alden He also recently joined as a general partner in the second fund.
The success of the initial transaction signals growing investor appetite to allocate capital to the expanding bitcoin tech sector.
According to Nico Lechuga, founding partner at Ego Death, “there are a number of Bitcoin-specific VC funds investing at the seed stage, but there hasn’t been a Series A-focused fund supporting the rapidly developing ecosystem.”
Jeff Booth “Words cannot describe the feeling I have of being at the forefront of value creation for a protocol that brings truth, hope and abundance to 8 billion people,” he said.
“The ability of a prominent venture fund to raise significant capital solely focused on Bitcoin startups is indicative of the maturity and growth of the broader ecosystem. Increased access to later-stage capital will accelerate the development and adoption of Bitcoin technology.”
