BlockBeats reported that on October 19, DNA Fund, which invests in emerging technologies and Web3, acquired investment management company Coral Capital Holdings, which previously managed the multi-million dollar fund of DNA's founders.
DNA and its founders have invested in or founded projects including Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. The acquisition will increase the assets under management (AUM) of DNA Fund by more than $50 million, including Coral's hedge funds and venture capital funds, which focus on DeFi, artificial intelligence, blockchain and other emerging technology fields. Some of Coral's top investments include Near Protocol and Atmos Labs.
