The venture capital fund is betting on software companies with real-world Bitcoin applications.
According to Axios, Ego Death Capital has announced a $100 million raise for its second fund, dedicated exclusively to supporting software startups building on the Bitcoin protocol.
The fund will focus on startups generating actual revenue and cash flow, often directly in BTC. Founding partner Nico Lechuga stated that the goal is to invest in “real businesses solving real-world problems.”
The fund targets companies earning between $1 million and $3 million in revenue, where growth is limited more by available capital than by market demand. While the primary focus will be on Series A rounds, a small allocation is reserved for high-potential early-stage seed investments. Reportedly, the fund’s investors are primarily family offices already exposed to bitcoin and eager to see the economy surrounding the asset expand.
Ego Death Capital has outlined a clear strategy for its investments: the firm will deliberately avoid hardware startups, Bitcoin mining companies, or infrastructure ventures, choosing instead to focus exclusively on scalable software businesses.
Among the fund’s recent investments are Roxom (a native Bitcoin exchange), Relai (a Bitcoin trading app), and Breez (a Lightning Network-based payment wallet).
Lechuga commented:
“We see Bitcoin as the only decentralized and secure base to be able to build on.”
