🧠 Bitcoin-Only VC Ego Death Capital Closes 100M Fund to Back Real Builders

No tokens. No hype. Just Bitcoin.

In a year where crypto VC is still licking its wounds, one fund is doubling down — but only on Bitcoin-native software startups.

Ego Death Capital, the unapologetically BTC-maxi venture firm, has secured 100 million for its second fund, focused entirely on startups building real-world infrastructure atop Bitcoin — no mining rigs, no meme coins, no NFT buzzwords.

“We’re not here for the casino,” said founding partner Nico Lechuga. “We’re in Bitcoin. And we’re backing founders solving actual problems.”

💰 The Strategy: BTC-Only, Software-First

The new fund targets Series A-stage companies generating between 1M and 3M in revenue — those who have real traction, but need capital to scale. And yes, it’s all software.

What they’re not funding:

• Cold wallets
• Mining infrastructure
• Hardware products
• Altcoins, tokens, or anything remotely Ethereum-ish

Instead, Ego Death is focused on:

• Bitcoin-native exchanges (like Roxom)
• Savings apps (like Relai)
• Lightning infrastructure (like Breez)

If it builds on the Bitcoin protocol and generates cashflow in BTC, Ego Death is watching.

⚙️ Why This Matters

While the broader crypto VC scene flirts with meme coin cycles and AI x DeFi nonsense, Ego Death is betting on boring, cash-flowing fundamentals.

Their thesis:

"Bitcoin is the only decentralized and secure base to build on."

They’re not interested in buying bags or yield-farming — they’re building the real economy around BTC itself.

And it’s working. Many of the firms they back not only grow fast — they also earn revenue in Bitcoin, meaning they sometimes outperform just holding BTC outright.

🧬 Who’s Behind the 100M?

Mostly family offices already long BTC — people who aren’t here to gamble, but to grow the Bitcoin economy.

Lechuga says a gap exists in the ecosystem: “No one was leading Series A rounds for serious Bitcoin startups. So we stepped in.”

And yes, while most of crypto VC is hoping for another memecoin bull market, Ego Death is playing the long game.

📈 Why It’s a Smart Bet

In the post-FTX, post-token era, even retail degens are asking hard questions:

• What’s the actual business model?
• Where’s the revenue?
• Is this even decentralized?

Ego Death is offering a simple answer: Startups that build on Bitcoin, earn in Bitcoin, and grow with Bitcoin.

No middle tokens. No rug-friendly mechanics.

🔮 TL;DR

✅ Ego Death Capital closes 100M fund for Bitcoin-native software startups ✅ Target: Seed & Series A with 1–3M revenue, cashflow-positive 🚫 No mining, no tokens, no altcoin bets 📊 Backed firms include Roxom, Relai, and Breez 🧠 Thesis: “Bitcoin is the only secure decentralized base worth building on” 💡 Why it works: Real revenue, real product, long-term upside