What is Dragonfly Capital?

Dragonfly Capital is a Venture Capital based in San Francisco.

How many investments has Dragonfly Capital made?

Dragonfly Capital has made 66 disclosed investments.

How much does Dragonfly Capital manage?

Dragonfly Capital manages $700.0M in assets.

What does Dragonfly Capital invest in?

Dragonfly Capital invests in Crypto & Web3 Pre-Seed, Early Stage companies.

What companies has Dragonfly Capital invested in?

Dragonfly Capital's portfolio includes MegaEth, Ethena, Polymarket, Matter Labs, Rain, Agora.

Dragonfly Capital

Venture Capital

Cross-border crypto venture fund investing in blockchain protocols, DeFi, NFTs, and digital asset infrastructure across all stages. Over 200 investments since founding in 2018.

San Francisco, United States · 66+ investments · 8 portfolio companies

Website

Pre-Seed

Early Stage

Crypto & Web3

Headquarters: San Francisco, United States
Founded: 2018
Website: dragonfly.xyz
AUM: $700.0M

Portfolio Companies: 8
Total Investments: 66
Last Investment: May 2026
Geographic Focus: Asia, Global, North America

Investment Thesis

Global crypto venture fund backing builders pushing blockchain infrastructure, DeFi, L1/L2 scaling, and crypto-native applications.

Dragonfly Capital is a Venture Capital firm based in San Francisco, United States. It has made 66 investments in Crypto & Web3, including MegaEth, Ethena and Polymarket.