DNA Fund Acquires Coral Capital; To Manage $50 Million AUM In Web3, AI & Emerging Tech

With this acquisition, DNA Fund, known for its big-ticket investments in web3, aims to expand into new verticals, including a Bitcoin & Ether Yield Fund.

Coral Capital previously managed the funds of DNA's principals.

Puerto Rico, Oct. 18, 2024 (GLOBE NEWSWIRE) -- , DNA Fund, the Financial Institution of the future in high-ticket emerging tech and web3 investments, has announced its acquisition of Coral Capital Holdings LLC, an established investment management firm that has previously managed millions in the DNA founders' personal funds. 

As early-stage investors in established Web3 brands and founders of some of the sector's most notable projects, DNA and its founders have invested in or founded projects such as Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. The acquisition will see the DNA Fund manage an additional AUM of over $50 million, which includes Coral's high-yield hedge funds and venture funds focused on DeFi, AI, blockchain, and other emerging technology sectors. Some of Coral's top-performing investments include ...