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Dragonfly

North America, California, United States, San Francisco

Description

Dragonfly Capital Partners is investing in and supporting the promising opportunities in the cryptoasset class.

Investor Profile

Dragonfly has made 163 investments, with 23 in the past 12 months and 47% as lead.

Stage Focus

  • Seed (55%)
  • Series A (16%)
  • Series Unknown (13%)
  • Initial Coin Offering (5%)
  • Series B (4%)
  • Pre Seed (2%)
  • Series C (2%)
  • Private Equity (1%)
  • Undisclosed (1%)
  • Corporate Round (1%)

Country Focus

  • United States (55%)
  • Singapore (9%)
  • Hong Kong (4%)
  • Vietnam (3%)
  • United Kingdom (2%)
  • United Arab Emirates (2%)
  • Canada (2%)
  • India (2%)
  • Norway (2%)
  • Germany (2%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • Fintech
  • Software
  • Information Technology
  • Web3
  • Finance
  • Trading Platform
  • Decentralized Finance (Defi)
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Dragonfly frequently co-invest with?

Pantera Capital
North America, California, United States, Menlo Park
Co-Investments: 15
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 24
Robot Ventures
North America, New York, United States, New York
Co-Investments: 13
Digital Currency Group
North America, Connecticut, United States, Stamford
Co-Investments: 9
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 10
Polychain
North America, California, United States, San Francisco
Co-Investments: 18
Galaxy Digital
North America, New York, United States, New York
Co-Investments: 10
Electric Capital
North America, California, United States, Palo Alto
Co-Investments: 9
P
North America, California, United States, San Francisco
Co-Investments: 10
Alameda Research
Asia, Hong Kong Island, Hong Kong, Central and Western
Co-Investments: 15

Which angels does Dragonfly often collaborate with?

Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 16
AS
North America, California, United States, San Francisco
Shared Deals: 4
SK
Europe, England, United Kingdom, London
Shared Deals: 3
RS
North America, Virginia, United States, Charlottesville
Shared Deals: 3
MD
North America, New York, United States, New York
Shared Deals: 3
JC
North America, New York, United States, New York
Shared Deals: 3
SR
Europe, Monaco
Shared Deals: 8
NC
Asia, Hong Kong
Shared Deals: 3
NR
North America, California, United States, San Francisco
Shared Deals: 6
AP
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by Dragonfly?

Yeet is a new crypto casino and sportsbooka gambling platform.

CasinoCryptocurrencyGaming
SeedMar 19, 2025
Amount Raised: $7,750,000

Hibachi is a decentralized trading protocol specifically designed for professional traders.

ManufacturingTrading PlatformTraining
SeedMar 19, 2025
Amount Raised: $5,000,000
Level

New York, New York, United States

Level is a fintech company that develops stakblecoin backed by restaked dollar tokens.

BlockchainNon-Fungible Token (NFT)Web3
SeedMar 18, 2025
Amount Raised: $2,600,000
Slingshot DAO

London, England, United Kingdom

SlingShot DAO is a dynamic and community-driven platform to empower creatives around the globe.

GamingOnline Games
Series UnknownMar 17, 2025
Amount Raised: $16,000,000

DoubleZero is developing a global fiber network intended for high-performance distributed systems and blockchains.

BlockchainInternet
Initial Coin OfferingMar 5, 2025
Amount Raised: $28,000,000

Codex is a peer-to-peer version of electronic cash which allow online payments sent directly from one party to another.

CryptocurrencyE-CommercePeer to Peer
SeedFeb 23, 2025
Amount Raised: $15,800,000
Ethena

Lisbon, Lisboa, Portugal

Ethena is a decentralized finance protocol built on the Ethereum, offering a crypto-native synthetic dollar solution known as USDe.

BlockchainCryptocurrencyDecentralized Finance (DeFi)EthereumFinanceFinTech
UndisclosedFeb 2, 2025
Amount Raised: $100,000,000
Avalanche

Brooklyn, New York, United States

Avalanche provides a decentralized contracts platform for global finance, with near-instant transaction completion.

BlockchainFinancial ServicesFinTechTransaction Processing
Initial Coin OfferingDec 12, 2024
Amount Raised: $250,000,000

Fantasy is a decentralized card game where users can engage in card trading and fantasy betting.

BlockchainDigital MarketingOnline Games
SeedDec 12, 2024
Amount Raised: $4,250,000

Commonware is a startup that develops "state-of-the-art" blockchain primitives to help developers fine-tune their networks.

BlockchainCryptocurrencyFinTech
Series UnknownDec 11, 2024
Amount Raised: $9,000,000