Web3 investment firm DNA Fund acquires investment management company Coral Capital

ChainCatcher news, the Web3 investment firm DNA Fund has announced the acquisition of the investment management company Coral Capital, with the specific acquisition amount undisclosed. This acquisition will bring the assets under management by DNA Fund to over $50 million, which includes Coral's high-yield hedge fund and venture funds focused on DeFi, artificial intelligence, blockchain, and other sectors.

DNA Fund stated that DNA and its founders have invested in projects such as Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph, while Coral has invested in Near Protocol and Atmos Labs.