Crypto investment firm DBA raises $68 million for its second venture fund
The Block
DBA, a crypto investment firm, secured $68 million for its second venture fund, following a $50 million Fund I in 2023.Summary
DBA, a New York-based crypto investment firm co-led by Jon Charbonneau and Michael Jordan, has successfully raised $68 million for its second venture fund. This new fund is a 10-year closed-end vehicle, similar to its predecessor, Fund I, which raised $50 million in 2023, and will invest across private and public markets, focusing on early-stage lead roles. DBA has previously invested in infrastructure projects like DoubleZero, Monad, and Alpen Labs, a Bitcoin scaling solution. The firm also disclosed that its managed funds and co-authors hold material positions in the HYPE token, referencing a proposal to reduce its total supply.
(Source：The Block)