Ego Death Capital has officially closed a $100 million fund aimed at fueling the next wave of Bitcoin-native innovation. The firm, which previously backed Lightning Labs and Fedi, is doubling down on projects that build on Bitcoin’s infrastructure, especially those aligned with Layer 2 development and decentralized protocols.
The new fund — the second in the firm’s history — will be used to support early-stage companies building financial tools, developer infrastructure, and decentralized services that leverage Bitcoin’s trust-minimized architecture.
Partner and co-founder Andy Schoonover emphasized that Ego Death Capital isn’t focused on price speculation, but on long-term utility and ecosystem growth. He described the fund as a way to accelerate Bitcoin’s role as “the foundation of the open internet economy.”
This move comes as institutional interest in Bitcoin ventures grows, particularly those moving beyond simple BTC custody into programmable layers and sovereign applications.With $100M now ready to deploy, Ego Death Capital could become a leading player in shaping Bitcoin’s next evolution — from store of value to programmable platform.
