Bain Capital Crypto is planning to launch a second fund, in keeping with a U.S. Securities and Trade Fee submitting.
Bain Capital launched its first crypto fund in March 2022. The $560 million fund launched simply earlier than the collapse of Do Kwon’s Luna triggered an enormous rout within the crypto market. Regardless of the following crypto winter, Bain Capital was an lively investor all through 2022 and 2023, taking part in rounds resembling Sam Altman’s $115 million Worldcoin fundraise, privateness protocol Nocturne Labs and decentralized alternate aggregator Flood.
Co-led by Stefan Cohen and Alex Evans, the primary fund focuses on early-stage investments and liquid tokens within the decentralized finance (DeFi) and Web3 sectors and has already invested practically $100 million in tasks whereas actively taking part in protocol governance.
Bain Capital Crypto declined to touch upon the brand new fund by means of its public relations company, citing compliance considerations.
