Bain Capital Ventures Launches $560M Crypto Fund
Main page Finance, Cryptocurrency
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9 March

Venture capital firm Bain Capital Ventures (BCV) has just announced it has launched a new fund worth $560 million focused exclusively on cryptocurrencies.

The funds for the fund, which has been named Bain Capital Crypto, were reportedly raised in November 2021.

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The fund has already invested in several projects, including Compound Finance, MakerDAO and dYdX. The company's fund manager Stefan Cohen has clarified that $100 million has been invested in these purposes.

According to the company, the fund is focused on long-term goals, so it does not take into account short-term price volatility.

The fund will invest in stocks of companies in the sector and digital tokens.

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