BTC-Only VC Ego Death Capital Closes $100M Fund for Projects Building on Bitcoin

Venture capital firm (VC) firm ego death capital, which focuses on Bitcoin BTC (and Bitcoin only)-based projects, has closed its second fund, totaling $100 million. Ego death capital’s Fund II will lead Series A investments of between $3 million-$8 million backing projects building on Bitcoin to solve real-world problems, according to an emailed announcement on Tuesday. “We’re investing in businesses that treat Bitcoin not as a trade, but as infrastructure – something to build on, not bet on,” ego general partner Lyn Alden said in a statement. Ego’s existing portfolio companies include bitcoin self-custody application Relai and bitcoin-built securities exchange Roxom . By focusing exclusively on projects building on the world’s original blockchain, ego said it is trying to appeal to investors who want to cut through the hype of different chains and tokens and focus solely on the oldest and most established crypto that still consistently constitutes over 60% of the $3+ trillion digital asset industry.

Source: CoinDesk