Venture capital firm Ego Death Capital has announced the successful closure of its second fund, securing $100 million to invest in Bitcoin-focused startups. This new fund aims to support software companies building on the Bitcoin protocol, targeting those with real-world applications.

Ego Death Capital is focusing its investments on companies already generating revenue, typically between $1 million and $3 million annually. The firm aims to fill a gap in Series A funding for Bitcoin-focused businesses, where growth is often limited by access to capital rather than market demand. While the primary focus is on Series A rounds, a portion of the fund will be allocated to early-stage seed investments that demonstrate strong potential.

Unlike many crypto funds that focus on token speculation, Ego Death Capital is backing startups that generate revenue and cash flow, often in Bitcoin itself. This strategy reflects a belief that building sustainable Bitcoin-native businesses can outperform simply holding the asset, especially when revenue is generated directly in BTC. Founding partner Nico Lechuga stated that the firm views "Bitcoin as the only decentralized and secure base to be able to build on". With this new fund, Ego Death Capital is betting on a more mature, application-driven Bitcoin economy powered by solid business fundamentals rather than speculative hype.

The firm's investment approach involves looking beyond the surface and questioning conventional wisdom. They avoid group-think and narrow-mindedness, seeking truth and supporting a unified world with equal access to wealth. They support the collective good, rejecting exclusivity and exploitation, and trust in abundance.

Backers of the fund are primarily family offices already invested in Bitcoin and committed to supporting the development of its ecosystem. Ego Death Capital's investment strategy centers on scaling real businesses built directly on the Bitcoin protocol. The fund is designed to fill a gap in Series A funding for companies focused on real-world applications of Bitcoin.

Ego Death Capital has already made early investments in companies like Roxom, a Bitcoin-native exchange platform; Relai, a savings app; and Breez, which builds payments infrastructure on the Lightning Network. These companies generate cash flow in BTC, offering investors exposure to revenue streams tied directly to the cryptocurrency. The firm's general partners include Jeff Booth, Andi Pitt, Nico Lechuga, Lyn Alden, and Preston Pysh.