Bain Capital Crypto is planning to launch a second fund, in step with a U.S. Securities and Commerce Rate submitting.
Bain Capital launched its first crypto fund in March 2022. The $560 million fund launched honest earlier than the give arrangement of Execute Kwon’s Luna precipitated an enormous rout in the crypto market. Despite the ensuing crypto iciness, Bain Capital used to be an active investor all the arrangement thru 2022 and 2023, collaborating in rounds equivalent to Sam Altman’s $115 million Worldcoin fundraise, privacy protocol Nocturne Labs and decentralized change aggregator Flood.
Co-led by Stefan Cohen and Alex Evans, the first fund makes a speciality of early-stage investments and liquid tokens in the decentralized finance (DeFi) and Web3 sectors and has already invested virtually $100 million in initiatives while actively collaborating in protocol governance.
Bain Capital Crypto declined to comment on the sleek fund thru its public kinfolk company, citing compliance considerations.
