Crypto
DBA Closes Second Venture Fund at $68M Amid Crypto Infrastructure Boom
A New York-based cryptocurrency investment firm called 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's co-founders and one or more of its funds hold a material position in the HYPE token, which is noted in a governance proposal to reduce total HYPE token supply on the Hyperliquid network.
DBA focuses on lead roles in early-stage deals but participates across all stages. Its portfolio includes infrastructure projects DoubleZero and Monad, stablecoin application Payy, capital formation platform MetaDAO, and Alpen Labs, which DBA co-led with a $8.5 million round in January alongside Cyber Fund.