In a transfer to catalyze the expansion inside the Bitcoin ecosystem, Ego Dying Capital broadcasts the launch of a brand new funding spherical, Fund II, aiming to boost $100 million. Based in 2021, the enterprise capital agency, led by Jeff Sales space, Andi Pitt, Nico Lechuga, with advisory help from Preston Pysh, Lyn Alden, and Pablo Fernandez, has efficiently initiated Fund II with a give attention to investing in firms driving Bitcoin’s acceleration.
“A parallel system bringing reality, hope, and abundance to our world is rising a lot sooner than individuals understand and we really feel tremendous lucky to be part of it,” mentioned founding associate Jeff Sales space.
Fund I, which raised $25.2 million, demonstrated the foresight of ego demise capital in recognizing Bitcoin’s emergence not simply as a retailer of worth however as a foundational layer for a brand new peer-to-peer decentralized web tied to power. The success of their preliminary fund was marked by strategic investments in firms like Fedi, Breez, Synota, Relai, and Wolf.
The panorama in 2024 nonetheless reveals a spot in Collection A funding for Bitcoin-only firms, with enterprise capital but to completely grasp the transformative nature of the Bitcoin protocol and its layered growth. Fund II seeks to bridge this hole, offering essential help to Bitcoin-focused entrepreneurs who face the problem of not solely pitching their enterprise metrics but in addition educating traders in regards to the profound shifts within the Bitcoin area.
“I am tremendous honored to affix ego demise capital as a GP. Our core thesis is that Bitcoin is totally different than every thing else,” mentioned Preston Pysh. “It is totally different as a result of on the base, bedrock layer, Bitcoin is optimized for safety and decentralization. To be able to try this, scalability should be maximized on the 2nd and third layers, and so on. IMHO, anybody constructing on a special protocol on the base layer is constructing on high of sand. As we have a look at the businesses constructing the way forward for finance, we’re hyper-focused, on humble, considerate, & constructive leaders that deliver unlocked efficiencies and worth to their prospects and constituents.”
Because the world undergoes a transition from working on a “dishonest ledger,” per the press launch, to 1 constructed on honesty with Bitcoin, Ego Dying Capital’s Fund II goals to play a pivotal function in figuring out and nurturing enduring companies that contribute to this transformative shift. The $100 million fund hopes to represents a big step towards in fostering innovation and worth creation inside the burgeoning Bitcoin ecosystem.
These considering collaborating within the funding can attain out right here.
