Bain Capital Is Raising Its Second Crypto Fund
CryptoNewsTerminal Staff05 Jun, 2024
Bain Capital Is Raising Its Second Crypto Fund
Bain Capital Crypto, the digital asset investment arm of Bain Capital, is raising its second cryptocurrency fund. The move comes after Bain Capital launched its first dedicated crypto fund in March 2022 with $560 million in commitments. That fund has since backed projects including blockchain-based iris-scanning authentication project Worldcoin, crypto startup Nocturne Labs and decentralized exchange (DEX) aggregator Fluidity. This latest fundraise suggests that Bain Capital remains bullish on the cryptocurrency market despite the recent downturn. The firm is looking to commit capital to early-stage crypto projects with a focus on Web3, decentralized finance (DeFi), and data infrastructure.
