DBA has successfully raised $62 million for its second venture fund, following a $50 million first fund in 2023. Both funds are 10-year closed-end venture capital funds focusing on early-stage lead investments while covering all investment stages. The funds target internet-native financial markets, including Bitcoin, stablecoins, decentralized exchanges like Hyperliquid, ICO platforms such as MetaDAO, and prediction/impact markets. The initiative is led by founders Michael Jordan and Jon Charbonneau.