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Dragonfly
Oakland, California, United StatesWebsite ↗
Dragonfly is a global crypto-focused venture capital firm established in 2018, aiming to support innovative teams in the cryptocurrency sector. It focuses on advancing the entire crypto ecosystem by investing in foundational blockchain technologies, innovative DeFi protocols, and breakthrough applications.
Last raised
Feb 2026
4 mo ago
Latest fund size
$650M
Fund IV
AUM
$3.4B
estimated
Funds raised
Capital this firm has raised, newest first
Fund IV
Feb 2026
$650M
Fund III
May 2022
$650M
Fund II
Jan 2021
$225M
Fund I
Jan 2018
$100M
Recent investments
Companies this firm has funded, newest first
| Company | Round | Amount | Date | Source |
|---|---|---|---|---|
| Variational | — | — | May 2026 | |
| Hopscotch | — | — | May 2026 | |
| RouteMesh | — | — | May 2026 | |
| Two cents | — | — | May 2026 | |
| Rhythmic | — | $4M | Feb 2026 | |
| Mesh NetworkLead | Series C | $75M | Feb 2026 | |
| Inversion LabsLead | Seed | $26.5M | Sep 2025 | |
| Conduit Pay | Series A | $36M | May 2025 |
Sources
Where this data came from