DBA Closes $68M Second Fund Amid Surge in Crypto Infrastructure Investments

New York-based cryptocurrency investment firm DBA has closed $68 million for its second venture fund, more than doubling the $50 million it raised for its debut fund in 2023.

The firm also disclosed that its co-founders and one or more of its funds hold a material position in the HYPE token, highlighting a notable conflict of interest as DBA advocates for a supply change that could affect token value.

DBA's portfolio reflects a concentrated bet on base-layer infrastructure, Bitcoin scaling, and decentralized exchange infrastructure, areas that have attracted significant capital over the past 12 months. The firm's two closed funds now total $118 million in committed capital.