Boston-based venture capital firm Bain Capital has launched a $560 million Bain Capital Crypto (BCC) fund to fund blockchain, cryptocurrencies and Web3 developers.

According to Bain Capital, which manages more than $150 billion, cryptocurrencies represent “a monumental technological shift towards open, community-driven and decentralized services.” The company announced that it will support blockchain developers in promising directions.

“We are pleased to announce our first fund of $560 million and the launch of a new platform to support pioneers building the next generation of Internet infrastructure. We created this dedicated investment firm to support crypto and Web3 creators from the ground up with a high-tech and collaborative approach,” the statement reads.


By Bain Capital said technical and economic research as the next wave of Internet financial infrastructure is built will require in-depth technical support in mission-critical design decisions. The Fund will actively support crypto developers on topics related to contributing to the code, adjusting risk parameters, and setting up a DAO.

Bain Capital believes that, given the early liquidity dynamics of cryptocurrency protocols and limited capital intensity, developers investors are required who can participate in any spectrum of liquidity, supporting teams in both private and public markets. The company stated that it is ready to support projects at all stages of development.

If earlier investment companies invested in the development of cryptocurrencies, now they are increasingly interested in the Web3 market. Blockchain venture firm Electric Capital announced last week that it is going to invest in shares and tokens of startups engaged in promising areas of the cryptocurrency industry: NFT, DeFi and DAO.

Subscribe to BitNovosti on Telegram.

Share your opinion about this news in the comments below.