Dragonfly

Dragonfly, formerly known as Dragonfly Capital, stands as a prominent global investment firm exclusively dedicated to the crypto and Web3 ecosystem. Based in San Francisco, the firm has established itself as a leading multi-stage investor, backing projects from early-stage seed rounds through to growth equity and even liquid tokens. Their investment thesis is rooted in a deep understanding of blockchain technology and a long-term vision for the decentralized future, focusing on foundational protocols, decentralized finance (DeFi), NFTs, gaming, and infrastructure.

Dragonfly employs a research-driven approach, leveraging its team's technical expertise and extensive network within the crypto space. This allows them to identify and support innovative projects that are shaping the next generation of the internet. A significant milestone for the firm was the closing of its third flagship fund, Dragonfly Fund III, in 2022, which raised an impressive $650 million. This capital infusion further solidified their capacity to deploy substantial resources into promising ventures across the globe.

The firm's investment strategy is highly flexible, enabling them to participate in various stages of a company's lifecycle. They are known for writing initial checks that can range from smaller seed investments to substantial commitments in later-stage growth rounds. Beyond capital, Dragonfly provides strategic guidance, operational support, and access to a vast network of industry experts and founders. With over $3 billion in assets under management, Dragonfly continues to be a pivotal player in the venture capital landscape for digital assets, supporting a diverse portfolio of companies that are at the forefront of blockchain innovation.