$560M Bain Capital Crypto Fund Launched, Will Support Next-Gen Internet Infrastructure

The team at Bain Capital is pleased to announce Bain Capital Crypto (BCC), their very first $560 million fund, and the launch of a new platform “to support the renegades and pioneers building the next generation of internet infrastructure.”

The Bain Capital team also noted that they designed this dedicated investment firm “to support crypto/web3 builders from seed through growth with a highly technical and collaborative approach.”

Bain Capital Crypto actually grew out of their work at BCV, which has “actively invested in the crypto space through both protocols and companies for the last seven years.” The team believes that they are “at the precipice of a monumental technology shift towards open, community-driven, and decentralized services.”

The team also noted:

“Touching how we play, work, and transact, this seismic shift may prove the most important technological development of our lifetimes.”

They added that “the combination of a generational shift of internet users (builders and creators) and open technology enables an infinite design space for developing user-built and controlled applications.” They pointed out that we are all in “the very early innings of this transformation.”

The teams building these new pillars of the internet “require a new type of investment firm that can support them from ideation through scale.” To offer the highest level of service to these emerging builders, BCC has these areas of expertise:

  • Technical and economic research: As the next wave of internet and financial infrastructure gets built, we believe teams “will require deep technical support thinking through critical design decisions.”
  • Governance design and participation: Crypto protocols “require a dedicated level of active participation on topics related to code contribution, risk parameter adjustment, DAO organization, and management.” We intend “to participate actively in these ecosystems.”
  • Participation across stages: Given the early liquidity dynamics of crypto protocols and limited capital intensity, protocol teams “require investors that can participate across the liquidity spectrum, supporting teams in both private and public markets.” We have the flexibility “to participate across capital stages and even leverage protocols with our own capital.”

The team added that they are “pleased to launch Bain Capital Crypto, an early-stage crypto-native fund with this suite of builder-oriented services.”

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