Summary

DBA has raised a $62M Fund II. This follows our $50M Fund I raised in 2023.

Both are 10-year closed-end venture funds investing across private and public markets. We focus on lead roles in early-stage investments, but we are active across all stages.

What We Invest In

The future of finance is an internet-native marketplace. We’re already starting to see glimpses of it: 

• Bitcoin is a $1.4T non-sovereign money. 
• Stablecoins are moving trillions of dollars on global rails. 
• DEXs like Hyperliquid are becoming the best trading venue for assets of all kinds. 
• ICO platforms like MetaDAO are democratizing capital formation.
• Prediction markets are reshaping finance, media, and politics. Impact markets are gaining awareness for their ability to extend this revolution.

Unlike the existing financial system, this new marketplace fully leverages the core properties of the internet. It’s global, instant, and 24/7. If you’re building towards this future, we want to talk to you.

DBA is Founder-Led

All investments are led by MJ and Jon. We do the research, make the decisions, and support the portfolio. The partners you meet are the partners you’ll work with for the next decade.

Get in Touch

We’re easy to find. Reach out to us on X at @jon_charb and @different_mj.