“Backs renegades and pioneers building the next generation of open internet infrastructure, making concentrated, research-driven investments and supporting teams from idea to scale.”
Splits below are computed from the 14 active portfolio companies named on baincapitalcrypto.com/portfolio/, which does not tag them by sector or chain; those tags are ours. Four exited investments (Duality, Flood, Primitive, Skip) are named separately and excluded from the splits.
Bain Capital Crypto is the dedicated crypto investment arm of Bain Capital, the Boston-based private equity firm. Its public language is unusually blunt for a fund this size: it backs "renegades and pioneers" and makes "concentrated investments," which is a way of saying it writes fewer, larger, higher-conviction checks rather than spreading small amounts across many bets. The site frames this as supporting teams "from idea to scale," suggesting it is comfortable getting in early and staying through later rounds.
What sets the team apart on paper is its research bench. The team page names a Chief Scientist (Guillermo Angeris) and a Head of Research (Kobi Gurkan) alongside multiple named research collaborators, which is a structure closer to a cryptography lab than a typical venture team. The active portfolio reflects that: Celestia and Scroll (modular data availability and ZK rollups), Fuel and Risc Zero (execution and proving infrastructure), M0 and Turnkey (stablecoin and wallet infrastructure), and World (large-scale privacy-preserving identity). This is a fund that wants to understand your protocol's mechanism at a level most generalist funds do not attempt.
The firm has also exited four positions (Duality, Flood, Primitive, Skip), named directly on the portfolio page, which is unusually transparent disclosure for a crypto-native fund and worth noting if you want a sense of what kind of outcome the fund has already delivered for LPs.
Key stats:
| Partner | Role | Where to find them |
|---|---|---|
| Guillermo Angeris | Chief Scientist | baincapitalcrypto.com |
| Kobi Gurkan | Partner and Head of Research | baincapitalcrypto.com |
| Parth Chopra | Partner | baincapitalcrypto.com |
| Stefan Cohen | Partner | baincapitalcrypto.com |
| Alex Evans | Partner | baincapitalcrypto.com |
| Kevin Zhang | Venture Partner | baincapitalcrypto.com |
| Justin Rattigan | General Counsel | baincapitalcrypto.com |
X and LinkedIn handles were not confirmed on the page we fetched, so we have linked the team page directly rather than guessing handles.