Bain Capital Ventures -- one of the world’s biggest startup-investment firms -- is launching a $560 million fund focused exclusively on crypto-related efforts.
The fund closed in December, and the firm has already invested $100 million into a dozen efforts, which it doesn’t yet disclose, said Stefan Cohen, a managing partner at Bain Capital Crypto, which is running the fund.
Bain Capital Ventures has been investing in crypto for the last seven years, pouring money into crypto lender BlockFi...
