DNA Fund Acquires Coral Capital Holdings to Expand Web3 Investment Capabilities

DNA Fund, a leader in high-ticket emerging tech and web3 investments, has acquired Coral Capital Holdings LLC, an established investment management firm that has previously managed millions in the DNA founders’ personal funds.

DNA Fund Acquires Coral Capital to Enhance Web3 Investment Offerings

DNA Fund, a prominent investment firm specializing in high-ticket emerging tech and Web3 ventures, has announced the acquisition of Coral Capital Holdings LLC. This move strengthens DNA Fund's presence in the early-stage Web3 investment landscape.

notable projects, DNA and its founders have played a crucial role in the development of some of the sector’s most

As early-stage investors in established Web3 brands and founders of some of the sector’s most notable projects, DNA and its founders have invested in or founded projects such as Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph.

The acquisition will see the DNA Fund manage an additional AUM of over $50 million, which includes Coral's high-yield hedge funds and venture funds focused on DeFi, AI, blockchain, and other emerging technology sectors. Some of Coral's top-performing investments include Near Protocol and Atmos Labs.

Thomas L. McLaughlin, Coral's Chief Investment Officer, will continue in his role, managing the funds with a unique focus and strategy aimed at maximizing investor returns.

Christopher Miglino, CEO of DNA Fund, commented on the acquisition, highlighting its significance in expanding the firm's investment capabilities and offering unique high-growth opportunities to clients. He noted the combined expertise in navigating the complexities of the digital asset landscape to continue delivering value to investors.

Thomas L. McLaughlin, CIO of Coral Capital Holdings, expressed excitement about joining forces with DNA Fund, given their shared vision for leveraging technology to drive financial growth. He added that together, they aim to redefine the possibilities in digital asset investments and achieve superior results for their investors.

Since its launch in 2021, Coral has consistently generated strong returns through its innovative investment strategies, achieving high multiples on the benchmark of the overall market cap of digital assets.

Coral's Flagship fund, initially launched as a market-neutral vehicle, was later rebranded in 2023 as a discretionary liquid token. It has reportedly weathered several high-volatility events, including FTX and Terra.

Highlighting the performance of these funds, in FY 2022, they delivered a 61.6% return (net of fees) with a maximum annual drawdown of only 11.6%, outperforming the broader digital asset market. During a similar period, Bitcoin returned 36.7%.

This acquisition also aligns with DNA Fund's goal to capitalize on the growing interest from institutional investors and expand into several new verticals over the coming year, including a Bitcoin & Ether Yield Fund, as well as more speculative funds focused on AI, meme coins and microcaps.