Core Insights - DBA has completed a $62 million second-phase fundraise, following a $50 million first-phase fundraise in 2023 [1] - Both phases are 10-year closed-end venture capital funds focused on early-stage leading investments while covering all stages of investment [1] - The investment focus is on the internet-native financial market, including Bitcoin, stablecoins, decentralized exchanges (DEX) like Hyperliquid, ICO platforms like MetaDAO, and prediction/impact markets [1] - The fund is led by founders Michael Jordan and Jon Charbonneau [1]