Bain Capital, One of the World’s Largest Investment Firms, Launches a New $560M Fund to Focus Only on Crypto

Bain Capital Ventures (BCV), the venture arm of Bain Capital, one of the world’s largest investment firms, announced that it has launched a new $560 million fund that will focus exclusively on crypto-related investments.

Bloomberg‘of March 8 Under the management of dated news $5.1 billion being found Bain Capital Ventures (BCV)will focus exclusively on crypto $560 million started a new fund.

for seven years investing in crypto startups and in this field BlockFi, Compound and Digital Currency Group Bain Capital Ventures, which has investments in companies such asBCV Fund Icalled the fund first fund focused exclusively on crypto will be.

past October opened in and November The fund, which was closed in May, is already unnamed. 100 million dollars for 12 projects invested.

Partner of Bain Capital Ventures and manager of the fund Stefan Cohen in his statement;

We’re pretty confident that we’re at the beginning of a multi-year technology shift. That’s why we really needed a dedicated team and a special funding structure.

made statements.

Cohen also with the fund expect to invest in around 30 startups over the next two to three years. expressed.

Cryptocurrency markets 2022 since the beginning of the year volatile Despite the price movements, venture funds continue to make significant investments in the sector. US venture capital firm last month Sequoia Capital in 600 million dollars announced the launch of its first cryptocurrency fund.

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