Bain Capital Crypto is raising a second crypto fund

Bain Capital Crypto is raising its second cryptocurrency fund, with relevant documents submitted to the US Securities and Exchange Commission. Bain Capital launched its first $560 million cryptocurrency fund in March 2022, which despite experiencing a market downturn, continued to actively invest in 2022 and 2023, including participating in Sam Altman's Worldcoin's $115 million financing. The first fund was jointly led by Stefan Cohen and Alex Evans, focusing on early investments in decentralized finance (DeFi) and Web3 areas and liquidity tokens. Currently, the fund has invested nearly $100 million in multiple projects. Bain Capital Crypto has not commented on the new fund yet, citing compliance issues.