Web3 Investment Firm DNA Fund Acquires Investment Management Firm Coral Capital Holding

On October 19th, DNA Fund, which invests in emerging technologies and Web3, acquired Coral Capital Holdings, an investment management firm that previously managed a multi-million dollar fund for DNA's founders.

DNA and its founders have invested in or founded projects including Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph, and the acquisition will add more than $50 million to DNA Fund's assets under management (AUM), which includes Coral's hedge funds and venture capital funds that focus on DeFi, Artificial Intelligence, Blockchain and other emerging technologies.Some of Coral's top investments include Near Protocol and Atmos Labs.