DBA Closes $68M Second Fund with Focus on Crypto Infrastructure

DBA, a New York-based cryptocurrency investment firm co-founded by former Galaxy Digital Co-Head of Investments Michael Jordan and Jon Charbonneau, has closed $68 million for its second venture fund. This is more than double the $50 million it raised for its debut fund in 2023.

The firm focuses on lead roles in early-stage deals but participates across all stages, with a concentrated bet on base-layer infrastructure, Bitcoin scaling, and decentralized exchange infrastructure.

DBA's portfolio includes projects such as DoubleZero, Monad, Payy, MetaDAO, and Alpen Labs. The firm also disclosed that its co-founders and one or more of its funds hold a material position in the HYPE token.