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 · 76+ investments · 68 portfolio companies

Pre-Seed
Early Stage
Crypto & Web3
Headquarters
San Francisco, United States
Founded
2018
AUM
$700.0M
Portfolio Companies
68
Total Investments
76
Last Investment
Aug 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 76 investments in Crypto & Web3, including Bluwhale, Dora and Gondi.

Portfolio68

Co-investors24

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24 co-investors across 144 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×22 · Corporate VC ×2 · 92 shared rounds

Investment History

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