Venture capital firm Ego Death Capital has raised a significant $100 million fund to invest exclusively in early-stage Bitcoin-focused companies, signalling strong institutional faith in Bitcoin’s long-term role as a financial foundation.
The fund, backed by family offices and high-net-worth investors, will focus on Series A rounds for startups earning between $1 million and $3 million in annual revenue, according to founding partner Nico Leshuga in an interview with Axios.
“We see Bitcoin as the only truly decentralised and secure base to build on,” Leshuga stated, positioning the fund as a purist supporter of Bitcoin-native innovation over broader crypto diversification.
A Pure Bitcoin Play
Unlike many venture firms in the digital asset space, Ego Death Capital is laser-focused on Bitcoin, avoiding altcoins, mining hardware, and wallet manufacturing. Instead, the firm is placing its bets on companies building real-world financial infrastructure on top of the Bitcoin and Lightning networks.
Current investments include:
Roxcom – a Bitcoin-focused exchange
Relai – a European Bitcoin savings platform
Breez – a Lightning Network-based payment app
This targeted approach sets Ego Death apart in a market where many funds spread risk across multiple blockchain ecosystems. Leshuga emphasised that their conviction lies in Bitcoin’s unmatched security, decentralisation, and network effects.
Institutional Interest Fuels Bitcoin-Only Funds
Ego Death’s fundraise comes during a period of renewed enthusiasm for Bitcoin, spurred in part by the success of US spot Bitcoin ETFs and the rapid growth of corporate Bitcoin treasuries. Dozens of companies, both public and private, have added Bitcoin to their balance sheets in 2025, a trend that shows no signs of slowing.
Corporate demand for Bitcoin has surged in 2025. Source: BitcoinTreasuries.NET
The narrative around Bitcoin has evolved from a volatile asset to a legitimate institutional reserve, and venture funds like Ego Death are positioning themselves accordingly.
Crypto VC Market Rebounds Strongly in Q2
While Ego Death Capital’s fund is Bitcoin-exclusive, it arrives at a time when broader crypto venture capital is booming again. According to CryptoRank, Q2 2025 saw $10.03 billion raised across blockchain and crypto startups, the industry’s strongest showing since Q1 2022.
Crypto VC deals rose sharply in the second quarter. Source: CryptoRank
Highlights include:
Vivek Ramaswamy’s $750M Strive fund
21 Capital’s $585M raise to acquire Bitcoin
Over $5.14 billion of the Q2 capital was raised in June alone, signalling a sharp recovery in market confidence following a sluggish 2024.
Bitcoin Startups Back in the Spotlight
As the crypto market rebounds and Bitcoin solidifies its place in institutional finance, Ego Death Capital’s $100 million war chest positions it as a key player in shaping the next generation of Bitcoin-native businesses.
With a firm belief in building financial tools on a decentralised foundation, Ego Death’s strategy reflects a growing sentiment in the industry: that Bitcoin is not just a store of value, but a platform for innovation.
