baincapitalcrypto

Bain Capital Crypto Plans Second Fund Amidst Crypto Market Challenges

The Big Whale

— 1 min read
  • Bain Capital Crypto plans to launch a second fund, per SEC filing.
  • First fund launched in March 2022 with $560 million.
  • Active investor in 2022-2023 despite crypto market challenges.
  • Focus on DeFi and Web3 sectors, invested $100 million.
  • Co-led by Stefan Cohen and Alex Evans.
  • New fund details undisclosed, declined to comment.

Summary :
Bain Capital Crypto is set to launch a second fund, as revealed in a filing with the U.S. Securities and Exchange Commission. The company had previously launched its first crypto fund in March 2022, right before the collapse of Luna, which caused a significant downturn in the crypto market. Despite this setback, Bain Capital remained active and invested in various projects throughout 2022 and 2023, including Sam Altman's Worldcoin fundraise, Nocturne Labs, and Flood. The first fund, led by Stefan Cohen and Alex Evans, focused on early-stage investments and liquid tokens in the DeFi and Web3 sectors, with nearly $100 million already invested. Bain Capital Crypto has not provided any comments on the new fund due to compliance concerns.

Sources :

- Coindesk

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