Venture Capital Firm Ego Death Capital raised $ 100 million from family offices and other investors to support the early stages of Bitcoin (Btc) Companies, which feature institutional appetite for digital -focused assets.
Fund aims to back the series A Rounds for companies that make up between $ 1 million and $ 3 million in annual income, Founding partner Nico Leshuga said Axios in an exclusive interview.
Leshuga said he sees “Bitcoin as the only decentralized and safe base to build.”
Ego death capital builds on bitcoin at the time of increasing institutional interest in possession, driven by Strong performance of US spot bitcoin exchange-traded funds (ETF) and the Growth of Corporate Bitcoin Treasury.
So far, the death of the ego has invested in many startups dedicated to Bitcoin, including the Roxcom exchange, the Relai Savings and Breez platform, a payment solution developed in Lightning Network.
However, the firm does not plan to invest in hardware -focused companies such as Bitcoin miners or purse manufacturers, and it has no interest in supporting projects related to other cryptocurrencies.
Dose -DoMos of exchanged public and private companies have added bitcoin to their balance sheets – a trend that only has accelerated in recent months.
Related: VC Roundup: Defi, AI, Hybrid Exchange Showcase Resilient Month for Crypto
Crypto venture capital deals rebound in Q2
Beyond Bitcoin, Venture Capital funding to greater cryptocurrency and blockchain space Rebounds in the second quarterAlong with companies raising a combined -with $ 10.03 billion, according to Cryptorank data.
More than half of that fund arrived only in June, worth $ 5.14 billion.
Some of the biggest deals in the quarter include American politician Vivek Ramaswamy’s $ 750 million will try to fund and the launch of 21 capital, which Raised $ 585 million to get bitcoin.
Overall, the second-quarter VC funding has marked the strongest quarter of the industry since Q1 2022, when a total investment of $ 16.64 billion reached.
Related: Chatgpt vs X: Which is better to first spy on the next big crypto narrative?
