Bain Capital Crypto

Bain Capital Crypto is a dedicated investment firm that supports innovators building the next generation of open internet infrastructure. The firm focuses on backing renegades and pioneers in the crypto and Web3 space, providing concentrated investments and comprehensive support to teams from their initial idea through to scale. They leverage deep technical expertise and extensive investing experience to navigate the rapidly evolving digital asset landscape.

The firm emerged from Bain Capital Ventures' prior engagements in the crypto sector, officially launching as an independent entity in March 2022 with its first fund totaling $560 million. This strategic spin-off was driven by a conviction that the industry was at the cusp of a monumental technological shift towards open, community-driven, and decentralized services, necessitating a specialized investment approach. Bain Capital Crypto emphasizes a highly technical and collaborative approach, offering expertise in technical and economic research, governance design and participation, and flexible participation across various investment stages.

Bain Capital Crypto's portfolio includes a diverse range of companies contributing to the open internet infrastructure. Notable investments include M0, a universal platform for application-specific stablecoins; World, which is developing a large, distributed privacy-preserving identity protocol; and Turnkey, providing secure and programmable crypto infrastructure for embedded wallets and on-chain transaction automation. Other portfolio companies span areas such as modular blockchains (Celestia, Scroll), zero-knowledge proofs (Risc Zero), and various Web3 infrastructure and application layers.

The team at Bain Capital Crypto comprises a blend of investment professionals, technical researchers, and operational experts. Key members include partners like Stefan Cohen and Alex Evans, a Chief Scientist (Guillermo Angeris), and a Head of Research (Kobi Gurkan), alongside finance, legal, and investor relations specialists. This integrated team structure allows the firm to provide robust support, from intricate technical design decisions to active participation in protocol governance and navigating early liquidity dynamics.