DBA is a New York City-based crypto investment firm focused on digital asset ecosystems and blockchain-native infrastructure. The firm invests across both private and public markets, positioning itself as a hybrid venture and liquid strategy platform within the broader crypto landscape. DBA takes active roles in early-stage financings while maintaining flexibility to participate across stages.
In February 2026, DBA announced the close of its second fund at $62 million. This vehicle follows the firm’s $50 million Fund I raised in 2023 and represents an expansion of its strategy across both private venture investments and public digital asset markets. Structured as a closed-end venture fund, Fund II enables DBA to lead early-stage rounds while also maintaining exposure to later-stage and liquid token opportunities.
The firm emphasizes lead roles in early-stage financings, allowing it to shape deal structure and governance in portfolio companies. At the same time, the fund maintains the flexibility to deploy capital across multiple stages and market segments, reflecting the dynamic liquidity cycles of crypto markets. The thematic focus remains centered on Bitcoin-related infrastructure, stablecoin systems, decentralized exchanges, ICO frameworks, and prediction market protocols. The $62 million raise signals continued institutional appetite for structured crypto venture vehicles despite broader market volatility.
Leadership
DBA is led by Michael Jordan and Jon Charbonneau. The leadership team brings domain expertise in digital assets, decentralized finance, and token-based ecosystems.
Investment Strategy
DBA operates with a crypto-native thesis, investing across equity and token instruments in both private and public markets. The firm prioritizes early-stage opportunities where it can act as lead investor, while retaining the ability to participate in growth and liquid positions as projects mature. Its strategy focuses on core decentralized infrastructure, financial primitives, and protocol-layer innovation within the broader Web3 ecosystem.
Notable Investments
Specific portfolio companies from Fund II have not yet been publicly disclosed. The firm’s thematic exposure includes investments across Bitcoin infrastructure, stablecoin platforms, decentralized exchanges, ICO-driven ecosystems, and prediction markets.
Notable Exits
No specific exits have been publicly disclosed for Fund II at this time.
Other
DBA invests across both private and public crypto markets, which may provide founders with strategic capital that understands token economics and liquidity cycles. The firm is willing to lead early-stage rounds and engage in governance. Founders building Bitcoin-native infrastructure, stablecoin systems, or decentralized financial primitives may find strong alignment with DBA’s thesis.
United States
