Crypto:
30205
Bitcoin:
$68.247
% 1.40
BTC Dominance:
%54.1
% 0.32
Market Cap:
$2.48 T
% 1.89
Fear & Greed:
72 / 100
Bitcoin:
$ 68.247
BTC Dominance:
% 54.1
Market Cap:
$2.48 T

Bain Capital Crypto Plans New $560M Investment Fund

Bain Capital

A U.S. Securities and Exchange Commission (SEC) application indicates Bain Capital Crypto intends to open a second fund.

In March 2022, Bain Capital opened its first crypto fund. Launched immediately before Do Kwon’s Luna’s Luna fell, the $560 million fund set off a catastrophic slide in the crypto market. Bain Capital was an active investor in rounds including Sam Altman’s $115 million Worldcoin financing, privacy system Nocturne Labs, and distributed exchange aggregator Flood, despite the following crypto winter.

Stefan Cohen and Alex Evans co-led the inaugural fund, which focuses on early-stage investments and liquid tokens in the distributed finance (DeFi) and Web3 sectors and has already committed about $100 million in projects actively engaged in protocol governance.

Bain Capital Crypto said compliance issues prevented it from responding to the new fund via its public relations firm.

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