Capital for the fund came from its trio of partners, high net worth individuals, family offices and institutional investors, said Lechuga. Once all of the capital is raised, the fund plans to invest in 12 to 15 companies with an average check size of $1 million to $1.5 million. Half of the fund capital will go toward follow-on investments in the original batch of portfolio companies, according to Lechuga.
New Bitcoin-Focused VC Firm Ego Death Capital Raising $30M
