In a transfer to catalyze the expansion inside the Bitcoin ecosystem, Ego Dying Capital pronounces 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 corporations driving Bitcoin’s acceleration.
“A parallel system bringing reality, hope, and abundance to our world is rising a lot sooner than individuals notice and we really feel tremendous lucky to be part of it,” stated founding companion Jeff Sales space.
Fund I, which raised $25.2 million, demonstrated the foresight of ego loss of life 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 corporations like Fedi, Breez, Synota, Relai, and Wolf.
The panorama in 2024 nonetheless reveals a niche in Collection A funding for Bitcoin-only corporations, 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 additionally educating buyers concerning the profound shifts within the Bitcoin house.
“I am tremendous honored to affix ego loss of life capital as a GP. Our core thesis is that Bitcoin is completely different than the whole lot else,” stated Preston Pysh. “It is completely different as a result of on the base, bedrock layer, Bitcoin is optimized for safety and decentralization. To be able to do this, scalability should be maximized on the 2nd and third layers, and many others. IMHO, anybody constructing on a special protocol on the base layer is constructing on prime of sand. As we take 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 Aapital’s Fund II goals to play a pivotal position 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 excited by taking part within the funding can attain out right here.
