In a move to stimulate growth within the Bitcoin ecosystem, Ego Death Capital has announced the launch of a new funding round, Fund II, aiming to raise $100 million. Founded in 2021, the venture capital firm, led by Jeff Booth, Andy Pitt and Nico Lechuga, with advisory support from Preston Beach, Lynn Alden and Pablo Fernandez, has successfully launched its second fund with a focus on investing in companies driving Bitcoin's acceleration.
“The parallel system that brings truth, hope and abundance to our world is growing much faster than people realize, and we feel incredibly fortunate to be a part of it,” said co-founder Jeff Booth.
The first fund, which raised $25.2 million, demonstrated ego death capital's prescience in recognizing the emergence of Bitcoin not just as a store of value but as the foundation layer for a new decentralized, peer-to-peer, energy-related internet. Their seed fund's success was marked by strategic investments in companies such as Fedi, Breez, Synota, Relai, and Wolf.
The landscape in 2024 continues to reveal a gap in Series A funding for Bitcoin-only companies, as venture capital has not fully grasped the transformative nature of the Bitcoin protocol and its multi-layered development. The second fund seeks to fill this gap, providing critical support to Bitcoin-focused entrepreneurs who face the challenge of not only showcasing their business metrics but also educating investors about the profound transformations in the Bitcoin space.
“I am very honored to joinThe capital of death is the egoAs a general practitioner. “Our basic thesis is that bitcoin is different from everything else,” Preston Beach said. “It’s different because at the base, the core layer, bitcoin is optimized for security and decentralization. In order to do that, scalability must be maximized at layers two and three,” Preston Beach said. Etc. IMHO, anyone who builds on a different protocol at the base layer is building on top of sand. As we look at companies building the future of finance, we place a strong emphasis on humble, thoughtful, and constructive leaders who deliver unlocked efficiencies and value to their customers and constituents.”
As the world goes through a transition from operating on a “dishonest ledger,” according to the press release, to a system built on honesty with Bitcoin, Ego Death Aapital’s Fund II aims to play a pivotal role in identifying and nurturing enduring companies that contribute to this transition. Converts. The $100 million fund hopes to represent an important step towards fostering innovation and value creation within the thriving Bitcoin ecosystem.
Those wishing to participate in funding can contact here.
