Bain Capital Crypto is raising its second crypto fund
2024-06-04 22:57:44
Bain Capital Crypto is raising its second cryptocurrency fund, with documents filed with the Securities Exchange Commission. Bain Capital launched its first $560 million crypto fund in March 2022, and despite the subsequent market downturn, the fund is actively investing in 2022 and 2023, including participating in the $115 million funding round of Sam Altman's Worldcoin. The first fund, co-led by Stefan Cohen and Alex Evans, focuses on early-stage investments and liquid tokens in the decentralized finance (DeFi) and Web3 space. Currently, the fund has invested nearly $100 million in multiple projects. Bain Capital Crypto has yet to comment on the new fund, citing compliance issues.
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