Dragonfly ＞|＜

99 reviews, 96% of them positive; 1 WHUF vouched for them by 1 person.96% positive · 99 reviews· 1 WHUF vouched· Influence factor 129, above 25% of accounts

The record

From 26 activities · Apr 2026

A top-tier crypto venture fund known for early, research-driven investments in infrastructure, DeFi, prediction markets, and stablecoins across global markets. They back category-winning projects like MakerDAO, NEAR, Polygon, Polymarket, and Ethena with a long-term mindset rather than chasing hype, and their portfolio track record demonstrates strong conviction and genuine understanding of Web3 builders and ecosystem needs.

What people say

Received · 99 Given · 0

Vouched · 1 person · 1 WHUF at stakeAll vouches ›

1216Cole West4d ago 1 WHUF“long-term mindset”

“Dragonfly”Dragonfly ＞|＜: A Global Vanguard in Crypto Venture Capital In the dynamic realm of cryptocurrency and blockchain technology, Dragonfly ＞|＜ has emerged as a formidable force, bridging the gap between Eastern and Western markets with a visionary approach to venture capital. Established in 2018, Dragonfly has consistently demonstrated a commitment to fostering innovation across the decentralized landscape, making it a cornerstone in the evolution of Web3. --- A Global Perspective from Inception Dragonfly's foundational philosophy centers on a truly global investment strategy. Recognizing the borderless nature of blockchain technology, the firm has strategically positioned itself to identify and support groundbreaking projects worldwide. This global outlook is not merely a tagline but a guiding principle that informs every investment decision, ensuring a diverse and robust portfolio that spans continents and cultures. --- Impressive Fundraising Milestones Demonstrating strong confidence from institutional investors, Dragonfly has successfully raised substantial capital across multiple funding rounds. Notably, the firm closed its third venture fund, Dragonfly Ventures III, with an impressive 650 million, surpassing its initial target of500 million. This oversubscribed fund attracted commitments from prominent entities, including Ivy League endowments, KKR, Tiger Global, Sequoia China, Invesco, U.S. pensions, and sovereign wealth funds. [1] Building on this momentum, Dragonfly is actively raising its fourth fund, aiming for 500 million, with 250 million already secured. This continued fundraising success underscores the firm's reputation and the trust it has garnered within the investment community. [2] --- Strategic Acquisitions and Rebranding In a strategic move to deepen its roots in the crypto ecosystem, Dragonfly acquired MetaStable Capital, one of the pioneering crypto hedge funds known for early investments in Ethereum, Cosmos, and StarkWare. This acquisition not only expanded Dragonfly's asset base but also enriched its expertise and historical perspective on the crypto market. [3] Concurrently, the firm underwent a rebranding, dropping "Capital" from its name to become simply Dragonfly ＞|＜. This change reflects a shift towards a more crypto-native identity, embracing the culture and aesthetics of the decentralized community. The new branding, inspired by hacker ethos and glitch art, signifies Dragonfly's alignment with the innovative spirit of the blockchain space. [4] --- Diverse and Impactful Investment Portfolio Dragonfly's investment portfolio is a testament to its commitment to supporting transformative projects across the crypto spectrum. The firm has backed over 100 digital-asset companies, including notable names such as: - Avalanche: A high-performance blockchain platform known for its scalability and speed. - NEAR Protocol: A developer-friendly blockchain aiming to accelerate the development of decentralized applications. - MakerDAO: The decentralized organization behind the DAI stablecoin, facilitating decentralized finance solutions. - Matter Labs: The team behind zkSync, focusing on scaling Ethereum through zero-knowledge rollups. - Dune Analytics: A platform providing accessible blockchain data analytics for users and developers. These investments highlight Dragonfly's strategic focus on infrastructure, scalability, and user-centric applications within the blockchain ecosystem. [5] --- Commitment to Technological Innovation Dragonfly's team comprises individuals with deep technical expertise, many of whom have backgrounds in crypto startups. This technical acumen enables the firm to engage with projects on a granular level, providing not just capital but also valuable insights and support. The firm's approach emphasizes understanding the underlying technology, ensuring that investments are grounded in solid, innovative foundations. [4] --- Conclusion Dragonfly ＞|＜ stands as a beacon of innovation and strategic foresight in the crypto venture capital landscape. Its global approach, substantial fundraising achievements, strategic acquisitions, and diverse investment portfolio underscore its pivotal role in shaping the future of decentralized technologies. As the blockchain industry continues to evolve, Dragonfly's unwavering commitment to supporting transformative projects positions it as a key player in driving the next wave of digital innovation.

🌊PaTrOn . · 806· 1y ago1

“is a mixed bag.”The “crypto-native” aesthetic they push, all glitch art and ASCII vibes, comes off as trying a bit too hard to be edgy.

LaserMario · 1254· 1y ago1

“DeFi挖掘机”大部分明星DeFi项目都有Dragonfly的身影，幕后老板强的可怕

链上达人 · 1554· 1y ago1

“long-term mindset”dragonfly has built a solid name in crypto over the years. they back projects across different sectors and seem willing to support teams early on. always good to see a fund taking a long-term approach instead of chasing every short-lived trend.

Cole West · 1216· 4d ago0

“Here we move to”It’s always incredible to see industry-defining builders get the recognition they deserve! Dragonfly Capital has consistently proven itself to be an absolute powerhouse and a massive net positive for the entire Web3 ecosystem.

Shuraim 🥷 · 1271· 4mo ago0

“Crypto venture fund.”Starting to build a name for itself for investing in good web3 projects.

𝙃𝙖𝙯𝙢𝙪𝙪𝙩 🔴🐢🔆 · 1379· 4mo ago0

“Top tier VC”VC là những tổ chức giúp cho người dùng tìm được dự án chất lượng mà tham gia vì vậy không có lý do gì tôi không ủng hộ VC

Hieu Nguyen · 1255· 4mo ago0

“nice guy”

Boundmeouter · 1262· 6mo ago0

“S+ Tier backers”Ever since i came into crypto I've been seeing projects backed by dragonfly do well for their communities and yeah I'm genuinely impressed by their commitment and how they've made sure projects that are supported by them aren't scammers or frauds

D3rek ⟁ · 1369· 6mo ago0

“worthy of trust”they are master of their own technique

0xSahid · 1268· 6mo ago0

“Good track record from what I’ve seen”I’ve joined a few projects that were funded by this VC, and so far they’ve been solid. The teams seemed organized and things ran quite smoothly. Not saying everything is perfect, but from my side the experience has been good. Feels like they back projects with real potential.

EL .ink | ⌘ | 🐐 | base.eth · 1291· 6mo ago0

“si top tier”dragonfly bukan vc biasa dia top tier yang suka ngasih funding ke project berkualitas tinggi dan banyak yang jadi category leader, punya ROI historis solid, dan mereka fokus ke infra, DeFi, prediction markets, stablecoins, plus convergence crypto ke tradfi/Wall Street.

kz · 1278· 7mo ago0

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