Ego Death Capital Raises $100 Million for Second Fund to Support Bitcoin Companies
Odaily Planet Daily reports that Ego Death Capital has completed a $100 million fundraising round for its second fund, focusing on supporting the expansion of Bitcoin ecosystem enterprises. The fund typically targets companies with annual revenues between $1 million and $3 million, but whose growth is constrained by limited capital. This new fund will primarily focus on Series A financing rounds, helping companies with proven track records to scale up, while also reserving a small portion of capital for promising early-stage projects. The second fund has already made several investments, including the Bitcoin-based exchange Roxom, the Bitcoin savings tool Relai, and the Lightning Network-based payment infrastructure Breez. (Axios)
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