In Brief:
- The Bain Capital Venture has revealed the creation of a new crypto-focused fund
- The firm announced to invest $1.3 million in start-up
- The BCV Crypto Fund is a pooled investment fund
The Venture arm of Bain Capital, Bain Capital Ventures(BCV) has revealed the creation of a new crypto-focused fund, after Month they announced $1.3 million fresh funds to invest in the startup.
The fund called BCV Crypto Fund I, L.P. has made no sales of the September 8 filing, which includes the names Bain Capital Venture partners Ajay Agarwal and Enrique Salem. BCV Crypto Fund is identified as a pooled investment fund.
The fund’s existence represents a new foray for a Boston-based firm, which has invested in a number of crypto industry companies to date. It includes Digital currency Group, Compound, loli among others. Bain Capital Ventures co-led BlockFi’s $350 million funding round earlier this 2021.
Also Read: Investment Institute Wells Fargo Set To Offer Crypto Fund To Rich Client
In May, BCV announced the raising of $1.3 million in funding to be invested across two funds.
