Ego Death Capital has successfully closed a second fund, raising $100 million aimed solely at investing in software companies operating on the Bitcoin protocol. The fund will mainly target Series A companies that have yearly revenues between $1 million and $3 million and are demonstrating growth potential but face capital constraints. A minority of the fund's resources will be allocated to seed-stage startups. Investors include Bitcoin-aligned family offices, underlining a trend towards sustainable, revenue-generating Bitcoin ventures. Already, the fund has committed to several early-stage companies showing promise.
Ego Death Capital has closed its second fund of $100 million to exclusively invest in Bitcoin protocol software companies, focusing on Series A investments for scalable firms.
The second fund aims to fill the gap of a lead investor in Bitcoin Series A rounds, primarily targeting companies with revenues of $1 million to $3 million.
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