1M
...
Ego Death Capital has closed a $100 million fund to back software companies building exclusively on Bitcoin. The venture firm is targeting Series A startups with strong traction and annual revenues between $1 million and $3 million. This second fund will focus on firms generating real cash flow using Bitcoin, and aims to fill the gap as a lead investor in the growing Bitcoin-native business space.
Founding partner Nico Lechuga said the firm is committed to investing in real companies solving real-world problems, with Bitcoin as the foundation. Early investments include Roxom, a Bitcoin-based exchange, Relai, a Bitcoin savings app, and Breez, a payments company built on the Lightning Network. A smaller portion of the fund will support promising seed-stage ventures.
The fund’s backers include Bitcoin-focused family offices, showing rising demand for sustainable Bitcoin businesses. Lechuga emphasized that Bitcoin is the only secure and decentralized base to build on. Previous support came from well-known Bitcoin figures like Preston Pysh and Lyn Alden, who joined as general partners.
