VC Firm Ego Death Capital Closes $100M Funding to Back Bitcoin-Based Projects

The developing concept of bringing decentralized finance (DeFi) to Bitcoin has just received a major boost as VC Ego Death raises $100M.

Published by

Sneha Agrawal

July 10, 2025

Funding

Ego Death:- In a big boost for the developing Bitcoin DeFi, the VC firm Ego Death Capital has raised $100M funding to support the Companies building on the world’s first blockchain.

The 2022-launched VC firm is founded by the Bitcoin advocate Jeff Booth who serves as the Founding Partner. He is also the Author of “The Price of Tomorrow”, a well-known book on deflation and exponential technology.

The firm believes Bitcoin not just as a mere store of value but as the promising infrastructure to build projects on it. With its $100 million funding, Ego Death aims to expand its focus to Series A rounds – from $3–8M per investment.

Also Read: Kraken’s L2 Ink Seeks Mascot Name

Ego Death to Support Bitcoin-Only Projects

Interestingly, the VC firm’s name “Ego Death” itself hints at the fund’s broader mission: to invest in companies that challenge traditional financial hierarchies and promote open, decentralized alternatives.

Its Founding partner Jeff Booth has himself long argued that deflationary money like Bitcoin is necessary to counter the instability of fiat-driven monetary systems.

Unlike many Web3 venture funds that focus on blockchain platforms and token-based ecosystems, Ego Death Capital takes a Bitcoin-only approach. Its portfolio to date includes companies such as:

1. Relai, a Swiss-based Bitcoin savings and investing app

2. Breez, a Lightning-native mobile wallet and point-of-sale app

3. LN Markets, which enables derivatives trading on Lightning

4. Nostr-focused social tools, emphasizing censorship-resistant communication

Ego Death Capital Team : Source: Official Website

With the new $100M fund, Ego Death Capital plans to double down on scalable, revenue-focused startups working within the Bitcoin ecosystem. This, according to the announcement, will especially include infrastructure and applications that promote economic sovereignty and financial inclusion.

The funding comes as the broader total Crypto VC Investment reached $10.03 ion in Q2 2025. This made it one of the strongest quarter since Q1 alone with June month alone raising $5.14 billion.

DeFi on Bitcoin is Growing Up

Bitcoin DeFi is not just hype anymore. It is now rapidly evolving from passive holding to active, utility-rich ecosystems. This is attributed to the coming up of layers, smart contracts, staking, lending, and derivatives arriving across L2s and sidechains. It is helping to unlock the true potential of trillions of market cap sitting idle in users’ wallets.

Projects like sBTC and Bitfinity are tapping into Bitcoin’s unparalleled network security while offering near-CEX speeds and programmability. Oracles like Torram are enabling tokenized real-world assets on Bitcoin and attracting institutional capital.

Recently, Cardano also made its biggest bet on Bitcoin Defi by introducing Bitcoin DeFi protocol via its Lace Wallet. Several L2 and sidechains are emerging. In April 2025, a new Bitcoin L2 Babylon emerged, enabling liquid staking on the network. In July, a week ago, another Bitcoin Layer-2 Botanix mainnet debuted, aiming to bring Ethereum-like capabilities to the Bitcoin ecosystem.

Delta Fund projects Bitcoin L2 TVL doubling from $2.6B to over $4B in 2025, with over 30 new L2s expected to launch this year. Further, with the VC firms like Ego Death capital promising to fund Bitcoin-based projects, the ecosystem is bound to accelerate.

Also Read: Coingape Q2 2025 Report

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About Author

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Brandtalk section, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.