DNA Fund, an investor in high-ticket emerging tech and web3 investments, has announced its acquisition of Coral Capital Holdings. This established investment management firm has previously managed millions in the DNA founders’ personal funds.
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 like Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph.
This acquisition will see the DNA Fund manage an additional AUM of $50+ million, which includes Coral’s high-yield hedge funds and venture funds focused on DeFi, AI, blockchain, and other emerging technology sectors. And some of Coral’s top-performing investments include Near Protocol and Atmos Labs.
Coral’s Chief Investment Officer, Thomas L. McLaughlin, will continue in his role, managing the funds with a unique focus and strategy aimed at maximizing investor returns.
Since its founding in 2021, Coral has delivered consistent returns with innovative strategies, delivering high multiples on the benchmark of the overall market cap of digital assets. Coral’s Flagship fund, initially started as a market-neutral vehicle, was rebranded in 2023 as a discretionary liquid token, surviving a number of high-volatility events, including FTX and Terra.
The funds have outperformed the broader digital asset market with a 61.6% return (net of fees) and a maximum annual drawdown of only 11.6% in FY 2022. Over a similar period, Bitcoin returned 36.7%.
Through this deal, DNA Fund also aims 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, memecoins and microcaps.
KEY QUOTES:
“By bringing Coral Capital under our umbrella, we are not only expanding our investment capabilities but also enhancing our ability to offer unique, high-growth opportunities to our clients. Our combined expertise allows us to navigate the complexities of the digital asset landscape and continue delivering value to our investors.”
-Christopher Miglino, CEO of DNA Fund
“Joining forces with DNA Fund is an exciting new chapter for Coral. Our shared vision for leveraging technology to drive financial growth is perfectly aligned. Together, we are set to redefine what’s possible in digital asset investments and deliver superior results for our investors.”
-Thomas L. McLaughlin, CIO of Coral Capital Holdings
