Dragonfly Capital Partners
San Francisco, California · Invests in US; Asia; Europe; Global · Website
Check size
🔒 $•• – $••Thesis
We back the best researchers and builders who will push the entire crypto ecosystem forward. We believe in supporting foundational blockchain technologies, innovative DeFi protocols, and breakthrough applications that will define the next generation of digital economies.
Likely not a fit for
No pure financial engineering without technical innovation, inexperienced founders, projects primarily motivated by token speculation, or teams without clear product-market fit understanding.
How they invest
- Lead or follow
- Leads or follows
- Typical decision
- ~2 weeks
- Warm intro
- Preferred
- Involvement
- Advisor
- Fund status
- Actively deploying
- Assets under mgmt
- $1.1B
- Decision process
- Partnership vote
Partners & team
9 contacts on file
e•••@dr•••.xyz
Sign up free to unlock contact →LinkedIn profile
Sign up free to unlock contact →LinkedIn profile
Sign up free to unlock contact →Portfolio
Consensys Mesh is focused on supporting Web3 founders and advancing the Ethereum ecosystem through investment and mentorship.
Polygon is a leading blockchain platform designed for payments, offering a suite of solutions that enhance cross-chain interoperability and streamline transactions. With a focus on lower-cost, efficient payment rails, Polygon integrates stablecoins and supports a variety of on-chain assets, making it a go-to choice for developers and users alike.
Uniswap is a decentralized protocol that enables peer-to-peer trading of digital assets using Automated Market Makers (AMMs), allowing users to swap tokens, lend, borrow, and build in a decentralized finance (DeFi) ecosystem.
Compound is a decentralized finance platform that offers an algorithmic interest rate protocol for developers. It aims to create open financial applications.
MakerDAO is now Sky — the next evolution of DeFi. It provides a decentralized stablecoin called Dai, which is a price-stable currency that users can control. The platform allows individuals and businesses to generate Dai on their terms, promoting financial freedom without volatility.
Consensys is leading the transition to Decentralized Finance. We connect people and markets through distributed, open-source blockchains.
NEAR is a modular, high-speed blockchain protocol designed for AI to act on behalf of users, enabling agents to own assets, make decisions, and transact freely across networks.
StarkWare develops blockchain solutions using STARK technology for scalability, security, and privacy.
Animoca Brands is a leader in digital entertainment, blockchain, and gamification, focusing on creating a new era of digital assets and tokenized real-world assets. The company invests in and develops a wide range of games and applications that leverage blockchain technology to enhance user experiences and ownership.
Amber Group is a leading crypto financial services platform specialized in digital wealth management and crypto-native liquidity solutions, offering a comprehensive suite of products and institutional-grade experience.
Rain is a financial services company that provides a voluntary benefit allowing employees to access their earned wages instantly, rather than waiting for scheduled paydays. With over 2 million users and partnerships with more than 1,200 employers, Rain helps reduce financial stress for employees while improving retention and productivity for businesses.
Recent activity
- May 2026
Variational
Series A · Lead
- Mar 2026
Megapot
Pre-Seed · Lead
- Feb 2026
Rhythmic
Seed · Lead
- Feb 2026
Mesh Network
Series C · Lead
- Sep 2025
Inversion Labs
Seed · Lead
- Aug 2025
Rain
Growth · Investor
- Jul 2025
Agora Finance
Growth · Investor
- May 2025
Conduit Pay
Growth · Investor
Dragonfly Capital Partners in the news
bitget.com
‘Don’t Embarrass Yourself’: Haseeb Qureshi Fires Back in Dragonfly Capital Feud on X
6 months ago
Coinpedia
‘Don’t Embarrass Yourself’: Haseeb Qureshi Fires Back in Dragonfly Capital Feud on X
6 months ago
CoinDesk
DOJ Considering Criminal Charges Against Dragonfly Capital Employees for Years-Old Tornado Cash Investments
Jul 2025
FinTech Futures
Crypto venture fund Dragonfly flutters into fintech with $100m
Mar 2025
The Block
Notable Crypto Personalities - Tom Schmidt
Sep 2024
news.crunchbase.com
Dragonfly Capital Partners Triples Down On Crypto With Its New $650M Fund
Apr 2022
TechCrunch
NFT aggregator Gem.xyz acquired by OpenSea shortly after ousting co-founder for sexual misconduct
Apr 2022
Global Venturing
Crusoe Energy Systems mines $350m from investors
Apr 2022
Blockworks
Oasis Ecosystem Fund Hits $200M After Binance Labs’ Investment
Jan 2022
Crypto Briefing
Oasis Foundation Launches $160M Ecosystem Fund
Nov 2021
CoinDesk
Oasis Launches $160M Ecosystem Fund With Backing From Jump Capital and Others
Nov 2021
The Block
Mapping out Dragonfly Capital's portfolio
Oct 2021
Global Venturing
TaxBit nets $130m in series B funding
Aug 2021
The Block
Mapping out Dragonfly Capital's portfolio
Aug 2020
CoinDesk
Dragonfly Capital Managing Partner Alexander Pack Steps Down
Apr 2020
The Block
$250 million: the strategy behind two of China's largest and lowest-profile crypto funds
Jan 2020
CoinDesk
Sia Network Raises $3.5 Million From Bain Capital to Become Crypto Hulu
Jul 2019
FinSMEs
Crusoe Energy Systems Raises $4.5M in Seed Funding
May 2019
Bitcoin Magazine
Chinese And US Investors Team Up To Create A Global Crypto Investment Fund
Oct 2018
Forbes
This New $100 Million VC Fund Is Looking To Help Crypto Startups Bridge China And Silicon Valley
Oct 2018
Similar firms
Framework Ventures is a crypto-native technology company that builds in-house software, tools and services, actively stakes and provides liquidity on-chain, and uses founders'Netflix/Snapchat consumer-tech expertise to design tokens and consumer-grade UX. Known as a DeFi power user fund, the firm's partners are frequently cited for specific market structure views on topics like protocol-owned L2s and real-world asset tokenization.
Research-and-engineering venture lab that hires atypical, deeply technical talent and invents open-source crypto mechanisms (concentrated liquidity, NFT lending) founders can build on.
Co-founded by ex-Coinbase employees, Scalar Capital specializes in privacy and censorship-resistant protocols. The fund operates more like a crypto research shop than a typical investment firm, running technical conferences with top cryptographers and maintaining deep involvement in DAO governance across multiple ecosystems. Partners personally create widely-cited technical content and educational materials used by founders and developers.
Haun Ventures is led by former federal prosecutor Katie Haun, whose decade-plus investigating crypto crimes like Silk Road gives the firm an uncommon understanding of regulatory and enforcement risks that most venture funds lack. The firm launched with $1.5B across two dedicated crypto funds and deliberately built a team heavy on policy and regulatory expertise to help founders navigate compliance challenges while actively engaging in U.S. crypto policy debates.
First U.S. institutional asset manager focused exclusively on blockchain. Launched the first U.S. bitcoin fund in 2013 and operates a full-spectrum model investing across venture equity, private tokens, liquid tokens, and special situations with a single investment committee.
Research briefRead more
Add Dragonfly Capital Partners to your investor list
Sign up free to save investors, see partner contacts, and track your raise.
Sign up