In a move to catalyze growth within the bitcoin ecosystem, Ego Death Capital announces the launch of a new round of financing, Fund II, with the goal of raising $100 million. Founded in 2021, the venture capital firm, led by Jeff Booth, Andi Pitt, Nico Lechuga, advised by Preston Pysh, Lyn Alden and Pablo Fernández, successfully launched Fund II with a focus on investing in companies that drive the acceleration of bitcoin.
“A parallel system that brings truth, hope and abundance to our world is growing much faster than people realize and we feel very lucky to be a part of it.” saying founding partner Jeff Booth.
Fund I, which raised $25.2 million, demonstrated the foresight of ego-death capital by recognizing the emergence of bitcoin not only as a store of value but as a fundamental layer for a new decentralized peer-to-peer Internet tied to energy. The success of his initial fund was marked by strategic investments in companies such as Fedi, Breez, Synota, Relai and Wolf.
The outlook in 2024 still reveals a gap in Series A funding for companies operating exclusively in bitcoin, and venture capital is yet to fully understand the transformative nature of the bitcoin protocol and its layered development. Fund II seeks to bridge this gap, providing crucial support to bitcoin-focused entrepreneurs who face the challenge of not only presenting their trading metrics but also educating investors about the profound changes in the bitcoin space.
“I am very honored to joinego death capitalas a family doctor. Our central thesis is that bitcoin is different from everything else.” saying Preston Pysh. “It's different because at the base layer, the foundation, bitcoin is optimized for security and decentralization. To do that, you have to maximize scalability at the second and third layers, etc. IMHO, anyone who builds on a “different protocol at the base layer is being built on sand. As we look at the companies building the future of finance, we are very focused on humble, thoughtful and constructive leaders who bring unlocked efficiency and value to their customers and constituents.”
As the world transitions from operating with a “dishonest ledger,” according to the press release, to one based on honesty with bitcoin, Ego Death Capital Fund II aims to play a critical role in identifying and fostering lasting businesses that contribute to this transformation. change. The $100 million fund hopes to represent a significant step toward fostering innovation and value creation within the burgeoning bitcoin ecosystem.
Those interested in participating in funding can contact here.
