DNA Fund Acquires Coral Capital Holdings to Bolster Its Web3 and Emerging Technologies Portfolio

The acquisition positions DNA Fund to further solidify its influence in key sectors, including decentralized finance (DeFi), artificial intelligence (AI), blockchain, and other emerging technologies.

Prominent venture capital firm DNA Fund has recently bolstered its portfolio by acquiring Coral Capital Holdings, a respected investment management firm known for its substantial assets in DNA founders’ funds. This strategic move will enable DNA Fund to further strengthen its presence in key sectors such as decentralized finance (DeFi), artificial intelligence (AI), blockchain, and other emerging technologies.

Together, DNA Fund and Coral Capital will integrate their strengths to navigate the rapidly evolving digital asset landscape. As part of this acquisition, DNA Fund will gain control of Coral's hedge and venture funds, which have been focused on emerging sectors like DeFi, AI, and blockchain. Notable investments from Coral include Near Protocol and Atmos Labs, both of which have seen significant growth in their respective fields. This integration not only increases DNA Fund's assets under management (AUM) but also broadens its capacity to offer unique investment opportunities to its clients.

The leadership of both firms expressed enthusiasm about this venture, highlighting how the combined expertise of DNA Fund and Coral Capital will empower them to better navigate the complexities of the digital asset landscape. This partnership is seen as a natural alignment of their shared vision for leveraging emerging technologies to drive financial growth. By bringing Coral Capital under its wing, DNA Fund intends to deliver even greater value to its investors through innovative investment strategies and a deeper understanding of the rapidly evolving digital asset ecosystem.

Since its founding in 2021, Coral Capital has built a reputation for delivering consistent returns through innovative strategies. The firm's flagship fund, initially launched as a market-neutral vehicle, was rebranded in 2023 as a discretionary liquid token fund. This rebranding allowed the fund to successfully navigate high-volatility events in the digital asset space, including the collapse of FTX and Terra. Coral's resilience in the face of market disruptions has made it an attractive asset for DNA Fund, which is keen to capitalize on Coral's expertise and track record.

Highlighting DNA Fund's own strong performance, in FY 2022, the firm reported a 61.6% return (net of fees) with a maximum annual drawdown of just 11.6%, far outperforming the broader digital asset market. For comparison, Bitcoin returned 36.7% over the same period. This level of performance underscores DNA Fund's ability to effectively manage its investments and navigate market volatility. The addition of Coral Capital's assets and expertise is expected to further enhance these capabilities and drive even better results moving forward.

Looking ahead, DNA Fund plans to leverage this acquisition to expand its reach into new investment verticals. The firm is particularly interested in tapping into the growing interest from institutional investors and has outlined plans to launch several new funds over the coming year. These include a Bitcoin and Ether Yield Fund as well as more speculative funds focused on emerging trends like AI, memecoins, and microcap assets. By expanding into these new areas, DNA Fund hopes to capture a larger share of the growing institutional interest in digital assets and continue delivering superior returns to its investors.

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