Dragonfly

Profile

Dragonfly is a crypto venture capital firm with a global presence, headquartered in New York City and Singapore. Established eight years ago, the firm has grown to include a diverse team of deeply technical operators and investors, including notable members such as Haseeb Qureshi and Bo Feng. Dragonfly differentiates itself through its thesis-driven investment approach across both equity and token structures, focusing on long-term value creation within the crypto ecosystem. The firm's recent acquisition of Metastable has further expanded its reach and capabilities in the sector.

Dragonfly invests primarily in the blockchain and on-chain infrastructure sectors, targeting solutions in scaling, financial applications, stablecoins, and decentralized data systems. Its investment strategy spans from seed to Series B and beyond, with check sizes ranging from $3 million to $30 million. With $650 million under management in its latest fund, Dragonfly is positioned to lead large early and growth-stage rounds and support projects globally across multiple funding phases.

Notable investments in Dragonfly's portfolio include Bybit - a centralized finance platform, Near Foundation - focused on blockchain layer advancements, Dune Analytics - an infrastructure analytics provider, Ethena - a stablecoin platform, and Polymarket - a prediction markets protocol. The firm’s commitment to supporting innovative solutions across these sectors underscores its role as a pivotal player in shaping the future of digital finance and technology.