Venture capital company
Firm ego Death Capital that focuses on Bitcoin (and only Bitcoin)– -based projects have closed its second fund, totaling $ 100 million.
EGO Death Capital’s Fund II will lead Serie A investments of between $ 3 million $ 8 million backing projects based on Bitcoin to solve problems in the real world, according to an email message on Tuesday.
“We invest in companies that treat Bitcoin not like a trade, but as an infrastructure – something to build on, do not bet on,” Ego General -Party Lyn Alden said in a statement.
EGO’s existing portfolio companies include Bitcoin-Self Supply Program Relai and Bitcoin-built Securities Exchange Roxom.
By focusing solely on projects based 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 symbols and focus only on the oldest and most established crypto, which still consistently accounts for over 60% of $ 3+ Billion Digital Asset industry.
