New York City · Pre-Seed–Growth · 21 people tracked
Also known as Dragonfly Capital Partners · DRAGONFLY DIGITAL MANAGEMENT, LLC · Dragonfly Ventures
Investment thesis
Dragonfly is a crypto-native investment firm operating across venture and liquid strategies. It brings together Dragonfly Ventures, Dragonfly Liquid, and Metastable — one of the oldest crypto hedge funds, co-founded in 2014 and an early backer of Ethereum, Avalanche, Cosmos, Starkware, NEAR, Zcash, Filecoin, Dfinity, and Algorand. The firm publishes extensive research on crypto markets, including stablecoin payments, airdrops, token-based compensation, and agentic commerce. Its focus spans blockchains, tokens, and crypto-related startups, supporting founders and portfolio companies with data-driven insights on topics such as compensation and token design.
Source: firm website, verified Aug 25, 2026.
Team · 21 people
from the firm's website & public directories
What they invest in
from 68 of 156 portfolio companiesCrypto & Web3 ×53Fintech ×37Data & Infrastructure ×20Developer Tools ×16AI & Machine Learning ×12SaaS ×9Enterprise Software ×7Cloud Computing ×5
HQs:United States×24Switzerland×2France×1Hong Kong×1Israel×1India×1
Who they back
founder profiles across 31 portfolio companiesFounding team size:solo founder×172 founders×113 founders×24+ founders×1
Where their founders studiedfrom 16 founders with education data
Cornell University ×2Massachusetts Institute of Technology ×2
Where their founders worked beforefrom 20 founders with career history
ConsenSys ×2Facebook ×2Getco LLC ×2Uber ×2
Accelerator rootsportfolio companies that came through a program
Investments · 156 tracked
founders shown can be your intro pathBy year:2026 · 112025 · 22023 · 12022 · 12021 · 12020 · 12017 · 118 dated
Aptos Labs develops a Layer 1 blockchain platform using the Move programming language and parallel execution technology, serving developers and users building decentralized applications.
Crypto & Web3Developer ToolsNew York City, US
Avery Ching(CEO and Co-Founder)inMo Shaikh(Founder)Alin Tomescu(Head of Cryptography)Sasha Spiegelman(Head of Research)Zekun Li(Head of Blockchain)
Co-investorsa16z cryptoAndreessen HorowitzArrington CapitalBixin CapitalBixin VenturesCoinbase Ventures+6 more
BitDAO operates Mantle Network, an Ethereum Layer 2 blockchain using zero-knowledge proofs, along with a treasury and token-holder governed product roadmap.
Crypto & Web3Fintech
Co-investorsDeepTech VenturesPantera Capital
Polymarket operates a decentralized prediction market platform where users can bet on the outcomes of real-world events such as sports and elections.
Crypto & Web3Data & InfrastructureDeep TechFintechMarketplacesMedia & EntertainmentSpace TechTaipei, TW
Yu-Ting (Mike) Lin(Founder)inJoey Luo(Founder)inShayne Coplan(CEO)Charlie Horowitz(CEO)Tyler Presser(CTO)
Co-investorsAndreessen HorowitzD.E. ShawG SquaredGeneral CatalystSV AngelValor Equity Partners+1 more
Blowfish provides fraud detection and prevention APIs for Web3 wallets, identifying and blocking malicious transactions and decentralized applications across 10+ blockchain networks.
Crypto & Web3Cybersecurity
Co-investorsParadigmCaffeinated Capital
Codex provides institutional fiat-to-stablecoin and stablecoin-to-fiat conversion, letting businesses swap currencies like USD, EUR, and GBP into USDC and USDT through a single counterparty with wholesale FX rates and local settlement.
Crypto & Web3Fintech
Co-investorsCircle VenturesCoinbase VenturesWintermuteMirana VenturesReverie
Infinity Pools is a decentralized finance protocol for trading with leverage, offering positions with no counterparty risk for liquidity providers and no liquidations as long as interest is paid.
Crypto & Web3Fintech
Co-investorsStandard CryptoWintermuteFolius VenturesGSR VenturesKRONOSMulticoin Capital+3 more
Mantle operates an Ethereum layer-2 network using ZK proofs, along with a treasury and token-holder governed roadmap for on-chain products.
Crypto & Web3Data & InfrastructureFintech
Co-investorsMirana VenturesBitDAORR2 Capital
Questbook offers a decentralized application that lets blockchain ecosystems and protocols run grant and builder programs on-chain, with open source code and data accessible to builders.
Crypto & Web3Developer Tools
Sriharsha Karamchati(Founder)in
Co-investorsCoinbase VenturesHashedLemniscapMirana VenturesFlori Ventures
XProtocol is a consumer-focused blockchain Superchain offering high-throughput, near-zero gas transactions with interoperability for decentralized apps (dApps).
Crypto & Web3Data & InfrastructureHardware
Co-investorsSaison CapitalCaballeros CapitalCogitent VenturesCoinFundMSA CapitalRazer
George Town
Santiago Roel Santos(Executive Officer, Director)
Board seatRob Hadick· per SEC Form D · $26.5M raise · filed Sep 2025
New York, US
Adam Ray(Executive Officer)Matthew Jones(Executive Officer, Director)Stephen Vallimarescu(Executive Officer, Director)Derek Davies(Executive Officer, Director)
Board seatRob Hadick· per SEC Form D · $24.2M raise · filed Sep 2023
1inch is a decentralized finance (DeFi) platform for crypto users, offering token swaps through a DEX aggregator with intent-based and cross-chain functionality, MEV protection, and wallet security features.
Crypto & Web3Fintech
Sergej Kunz(Founder)in
Co-investorsBig Candle CapitalBlockchain CapitalBR CapitalFabric VenturesFenbushi CapitalFourth Revolution Capital (4RC)+12 more
Aevo is a decentralized options and perpetual futures exchange that combines off-chain matching with on-chain settlement on a custom Ethereum Layer 2, offering traders options, perpetual futures, and structured products within a single margin account.
Crypto & Web3Fintech
Co-investorsAlliance DAO (ex DeFi Alliance)Coinbase VenturesNascent
Afriex provides a remittance service enabling immigrants to transfer money to over 25 countries at low costs with rapid settlement.
FintechSan Francisco, US
Tope Alabi(Founder)inJohn Obirije(Founder)in
Co-investorsAdaverseBrightstone Venture CapitalFoundersMetastableOpen Opportunity FundPrecursor Ventures+2 more
Agora builds a governance platform for crypto protocols, enabling onchain community coordination around protocol upgrades and ecosystem funding.
Crypto & Web3GovTech
Yitong Zhang(Founder)Jarrah Kandeh(Founder)inNick van Eck(CEO)
Co-investorsAlephAlphaLab CapitalCaladanHack VCHaun VenturesInsight Partners+6 more
The Algorand Foundation supports and grows the Algorand blockchain ecosystem by improving the developer experience, contributing to core protocol infrastructure and standards, and enabling decentralized governance.
Crypto & Web3Deep TechDeveloper ToolsFintechQuantum Computing
Silvio Micali(Founder)in
Co-investorsAlumni VenturesAndromeda CapitalArrington CapitalBasecamp FundBig Candle CapitalBixin Capital+20 more
A DeFi protocol creating a marketplace for blockspace.
Co-investorsCastle Island VenturesCoinbase Ventures1kxCircle VenturesRobot VenturesTribe Capital
Amber Group is a digital assets investment and portfolio management firm that serves institutional and individual investors with trading, liquidity provision, and infrastructure solutions for crypto and Web3 projects.
Crypto & Web3Fintech
Co-investorsBase PartnersCoinbase VenturesDCM VenturesDigital Finance GroupFenbushi CapitalGobi Partners+5 more
Anchorage Digital is a global cryptocurrency platform providing institutions with custody, staking, trading, governance, and settlement services, along with security infrastructure.
Crypto & Web3Enterprise SoftwareFintechNew York, US
Diogo Mónica(Co-Founder and President)inNathan McCauley(CEO and Co-Founder)in
Co-investorsAndreessen HorowitzGICa16z cryptoAmplify PartnersBlockchain CapitalDelta Blockchain+13 more
Animoca Brands invests in blockchain and digital asset projects across gaming, infrastructure, culture, and real-world asset categories, with a portfolio of 600+ companies and a focus on Web3 ecosystem development.
B2B MarketplacesCrypto & Web3GamingSector Agnostic
Yat Siu(Founder & CEO)Robby Yungin
Co-investors2080 Ventures500 GlobalA'Z AngelsAdit Ventures Management, LlcAlpha Wave GlobalAppWorks Ventures+37 more
Artemis is building an AI-driven investing platform that brings together proprietary data, market signals, and LLM-powered tools so retail and institutional investors can research and decide what to invest in across equities, crypto tokens, and private markets.
AI & Machine LearningCrypto & Web3Data & InfrastructureFintech
Anthony(Co-founder)
Co-investorsMetastableMirana VenturesWIND Ventures
Cosmos develops an open-source blockchain technology stack and enterprise solutions for businesses and governments to deploy and scale digital ledgers.
Crypto & Web3Enterprise SoftwareFintechNew York City, US
Co-investors1confirmationBig Candle CapitalBollinger Investment GroupContinue CapitalDeepTech VenturesDigital Finance Group+9 more
Axelar is a blockchain interoperability network that connects institutions to onchain ecosystems through a single integration, letting them deploy stablecoins, real-world assets, and funds across 80+ blockchains.
Crypto & Web3Data & InfrastructureFintechWaterloo
Sergey Gorbunov(Executive Officer, Director)Georgios Vlachos(Director)
Co-investorsAndromeda CapitalBitDAOCoinbase VenturesCollab+CurrencyDCVC (Data Collective)Divergence+11 more
BENQI is a decentralized finance protocol on the Avalanche blockchain offering liquid staking of AVAX (via sAVAX), lending and borrowing of crypto assets, and tools for bootstrapping validators.
Crypto & Web3Fintech
Co-investorsArrington CapitalAscensive AssetsGenblock CapitalKane & Rao GroupMC Ventures (Muhabbit Capital)Metastable+2 more
bloXroute provides a blockchain distribution network offering real-time data streams, transaction propagation, and validator solutions to enable faster trading and MEV optimization across multiple blockchains.
Crypto & Web3Data & InfrastructureEvanston, US
Uri Klarman(Executive Officer, Director)inAleksandar Kuzmanovic(Executive Officer, Director)
BoardJeffrey Bussgang(Director)in
Co-investors1confirmationBixin CapitalBixin VenturesBlindspot Ventures Management CoCoinbase VenturesFenbushi Capital+10 more
Co-investorsCollab+CurrencyHivemind Capital PartnersMetastable
Ben Zhou(Founder)in
Co-investorsFenbushi CapitalHack VCMetastableMoonhill CapitalStreamlined Ventures
Building the next evolution in DeFi derivatives focused on exotic options.
Co-investorsHack VCPantera CapitalAlameda ResearchCoinbase VenturesRobot Ventures
Cega was a DeFi protocol offering exotic options and structured investment products; it was acquired and sunset at end-2024.
Co-investorsCoinbase VenturesPantera CapitalAlameda ResearchRobot Ventures
Coin Metrics provides market and on-chain data, reference rates, and indexes for crypto and digital assets, delivered to institutional investment teams via APIs.
Crypto & Web3Data & InfrastructureFintechBoston, US
Timothy Rice(Executive Officer, Director)Tim Rice(Founder)in
BoardMathew S. McDermott(Director)Sean Judge(Director)inMatt Scott Walsh(Director)inNic Carter(Executive Officer, Director)in
Co-investorsAcrew CapitalCoinbase VenturesCollab+CurrencyCommunitas Capital PartnersDigital Currency GroupF-Prime Capital+2 more
San Francisco open-source software developer building DeFi tools and the Compound Protocol for crypto lending and borrowing.
San Francisco, US
Robert Leshner(Executive Officer, Director)Geoffrey Hayes(Director)
Co-investorsMetastableAndreessen HorowitzBain Capital VenturesDanhua CapitalParadigmPolychain Capital+1 more
Conduit develops non-invasive brain-computer interface technology, building a thought-to-text system where a headset completes a user's sentences from their thoughts.
AI & Machine LearningDeep TechHardwareSan Francisco, US
Clem von Stengel(Founder)in
Co-investorsTranspose Platform ManagementWonder VenturesBankless VenturesCoinbase VenturesCredibly NeutralDrive Capital+7 more
Conduit provides an API for embedding USD accounts, payments, wallets, and FX into other companies' products, with near-instant end-customer onboarding and automated KYB/AML compliance.
Developer ToolsFintechSaaS
Kirill Gertman(Founder)in
Co-investorsCommerce VenturesDiagramHelios Digital VenturesAltos VenturesBankless VenturesCoinbase Ventures+8 more
Consensys builds a vertically integrated platform for decentralized finance, offering consumer wallet applications, developer infrastructure, blockchain APIs, and protocol-level software that manage the full onchain transaction lifecycle.
Crypto & Web3Data & InfrastructureDeveloper ToolsFintechFort Worth, US
Joseph Lubin(Founder & CEO)in
Co-investorsArcane GroupArgonautic VenturesBR CapitalCoinbase VenturesDVCElectric Capital+17 more
Cozy provides modular on-chain risk protection for DeFi protocols, offering tools like yield tranches, asset reserves, and market-based protection contracts to cover risks such as bad debt, hacks, and exploits.
Crypto & Web3FintechInsurTechSeattle, US
Tony Sheng(Director)Payom Dousti(Executive Officer, Director)
Co-investorsCoinbase VenturesElectric CapitalMetastableVariant FundRobot VenturesSlow Ventures+1 more
China-based crypto wallet and DeFi portfolio tracker covering hundreds of protocols across multiple blockchains.
Tang Hongbo(Founder)in
Co-investorsCoinbase VenturesFenbushi CapitalIOSG VenturesMetastableSignum CapitalYoubi Capital+4 more
DerivaDEX is a decentralized cryptocurrency derivatives exchange offering a real-time price feed, fast trade resolution, and a competitive fee structure.
Crypto & Web3Fintech
Co-investorsCoinbase VenturesMetastableElectric Capital
DFINITY builds the Internet Computer, a decentralized cloud network that enables applications to run directly on the blockchain with persistent state, native HTTP serving, and built-in security without requiring external databases or a dedicated operations team.
AI & Machine LearningCloud ComputingCrypto & Web3Developer Tools
Dominic Williams(Founder)
Co-investorsa16z cryptoAcrew CapitalAmino CapitalAndreessen HorowitzAspect VenturesBollinger Investment Group+15 more
Crypto data platform letting users query indexed blockchain data with SQL and publish shareable dashboards.
Mats Olsen(Founder)in
Co-investorsCoatue ManagementMetastableRedpoint VenturesUnion Square Ventures (USV)Wonder Ventures
dYdX is a decentralized exchange for trading perpetuals that uses zero-knowledge proofs to provide security and privacy.
Crypto & Web3FintechSan Francisco, US
Antonio Juliano(Founder)inIvo Crnkovic-Rubsamen(CEO)
Co-investors1confirmationa16z cryptoAbstract VenturesAndreessen HorowitzBR CapitalDeFiance Capital+8 more
EigenCloud is a developer platform providing cryptographic trust primitives for applications and AI agents through verifiable computation, inference, and data availability backed by slashable stake on EigenLayer.
AI & Machine LearningCrypto & Web3Developer Tools
Sreeram Kannan(Founder)
Co-investorsa16z cryptoAndreessen HorowitzBitDAOBixin CapitalBixin VenturesBloccelerate VC+19 more
Ethena operates a crypto protocol offering USDe, a digital dollar, and sUSDe, a reward-accruing asset backed by collateralized assets with third-party attestations.
Crypto & Web3Fintech
Guy Young(Founder & CEO)in
Co-investorsAlphaLab CapitalBitDAOBreedCaladanCVP NoLimitF-Prime Capital+17 more
Filecoin is a decentralized storage network that uses cryptographic proofs to distribute data across a global peer-to-peer network, offering an alternative to centralized cloud storage providers.
Cloud ComputingCrypto & Web3Data & Infrastructure
Juan Benet(Founder)
Co-investors1confirmationArkStream CapitalAusum VenturesBlueYard CapitalBollinger Investment GroupBorderless Venture+17 more
Flashbots is a research and development organization that mitigates negative externalities from Maximal Extractable Value (MEV) on blockchains, primarily Ethereum, through infrastructure and tools for block building, transaction protection, and MEV distribution.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsBig Brain HoldingsBlueYard CapitalEthereal Ventures Management Ltd.Fabric VenturesFactionFenbushi Capital+12 more
Builds infrastructure for stablecoins and onchain finance
Co-investorsAscensive AssetsDivergenceElectric CapitalMetastable
Galxe is a Web3 growth platform offering data-driven identity, on/offchain analytics, and no-code campaign tools with modular APIs to help teams run user activation and engagement.
Crypto & Web3Marketing TechSaaS
Co-investorsBitDAOCoinbase VenturesDraper DragonFermionIOSG VenturesLattice Capital+5 more
Gauntlet is a team focused on financial systems research and analysis, with expertise in quantitative analysis, smart contracts, and blockchain infrastructure.
Crypto & Web3Data & InfrastructureFintechDallas, US
Rei Chiang(Executive Officer)in
BoardTarun Chitra(Executive Officer, Director)in
Co-investorsHack VCMetastableParadigmRobot VenturesSBI Holdings
Cryptocurrency exchange protocol bridging centralized and decentralized finance.
Varun Kumar(Founder & CEO)Vinod Raghavan(Founder)Victor Ionescu(Founder)in
Co-investorsArrington CapitalBollinger Investment GroupCoinbase VenturesElectric CapitalFabric VenturesGenblock Capital+15 more
Hyperspace operates a marketplace where users can browse, search, and trade non-fungible tokens.
Co-investorsNFXPantera CapitalCoinbase VenturesJump CapitalShima Capital
InfStones provides blockchain infrastructure and node management solutions for Web3 applications, enabling developers to build, scale, and maintain decentralized applications.
Cloud ComputingCrypto & Web3Data & Infrastructure
Dr. Zhenwu Shi(Founder)Zhenwu Shi(Founder)Sili Zhao(Global Director of Business)
Co-investorsNotable CapitalSoftBank GroupMetastableQiming Venture PartnersSoftBank Vision FundDHVC+4 more
Lido is a liquid staking protocol for Ethereum that allows users to stake ETH and earn rewards while maintaining liquidity through the stETH token.
Crypto & Web3Fintech
Vasily Shapovalov(Founder)
Co-investorsa16z cryptoAegis VentuesAndreessen HorowitzBR CapitalDeepTech VenturesDeFiance Capital+15 more
Lighter is a zero-knowledge rollup built on Ethereum that enables high-speed, low-cost onchain trading through cryptographic proofs of order matching and liquidations.
Crypto & Web3FintechCambridge, US
Vladimir Novakovski(Founder & CEO)Alexis Fox(Executive Officer, Director)Micah Risk(Executive Officer)Ronald Pastore(Executive Officer, Director)
BoardSusan E Vitka(Director)Lisa Feria(Director)in
Co-investorsAbstract VenturesAndreessen HorowitzAntiChapter OneCleo CapitalCoatue Management+13 more
A collateralized lending platform offering a stable coin called Dai.
Co-investors1confirmationBloccelerate VCIOSG VenturesMetastablePantera Capital
Matter Labs builds Prividium, an Ethereum-secured blockchain platform designed for banks and financial institutions to issue, settle, and manage digital assets with privacy and compliance controls.
Crypto & Web3Enterprise SoftwareFintechGeorge Town, Grand Cayman
Alex Gluchowski(Executive Officer, Director)inAleksandr Vlasov(Director)
BoardChristopher Burniske(Director)in
Co-investors1k(x)1kxa16z cryptoAndreessen HorowitzBlockchain CapitalCoinFund+9 more
Metatheory develops games for players seeking depth and quality gameplay, and is expanding into AI-driven software tools for creators.
AI & Machine LearningCreator EconomyGamingGalveston, US
Kevin M. Lin(Executive Officer, Director)inAdam Bao(Executive Officer)James Thomas Gleason(Executive Officer)David Barthwell(Executive Officer)in
Co-investorsAndreessen HorowitzBitkraft Esports VenturesBreyer CapitalLifelike CapitalMetastablePantera Capital+1 more
Monad is a high-performance EVM-compatible blockchain designed for fast, low-cost transactions.
Cloud ComputingCrypto & Web3Data & Infrastructure
Co-investorsAlphaLab CapitalAmbush CapitalArchetypeBankless VenturesBig Brain HoldingsBloccelerate VC+23 more
NEAR is an open blockchain infrastructure powering the agent economy, providing cross-chain execution, confidential settlement, and private inference capabilities.
AI & Machine LearningCloud ComputingCrypto & Web3Miami, US
Illia Polosukhin(Co-Founder)
Co-investorsA.Capital Venturesa16z cryptoAccompliceAdvanced BlockchainAmbush CapitalAmplify Partners+36 more
NEAR Foundation is a Swiss nonprofit foundation (Stiftung) that supports the NEAR ecosystem, a decentralized blockchain platform for building decentralized applications.
Crypto & Web3Data & InfrastructureDeveloper ToolsImpact & Social GoodZug, CH
Chris DonovanBowen WangMona Elisa(Director)Erik Trautman(Executive Officer)Richard Mortimer Muirhead(Director)
BoardIllia Polosukhin(Director)in
Co-investorsMetastableSID Venture Partners
Oasis Labs develops privacy-preserving data analytics and AI tools using differential privacy, homomorphic encryption, and zero-knowledge proofs for organizations that need to analyze sensitive data while protecting individual privacy.
AI & Machine LearningCybersecurityData & InfrastructureDeveloper ToolsPalo Alto, US
Dawn Song(Founder & CEO)Bobby JarosNoah JohnsonRaymond ChengRobert Gilchrist Jaros(Executive Officer)
Co-investors1k(x)1kx500 GlobalAmino CapitalAndreessen HorowitzAngelONE Capital+19 more
OneKey helps site developers and operators identify optimal locations for building electric vehicle charging stations based on profitability analysis.
FintechParis, FR
Christophe Barre(Founder)inUlysse Prygiel(Founder)in
Co-investorsIOSG VenturesY CombinatorCoinbase VenturesRibbit Capital
Orderly Network provides omnichain infrastructure for launching perpetuals decentralized exchanges (perp DEXs) on any blockchain, offering a shared orderbook and liquidity accessible via SDK or white-label.
Crypto & Web3Data & InfrastructureDeveloper Tools
Ran Yi(Founder)
Co-investorsD1 VenturesGate VenturesIOSG VenturesMentha PartnersMetastablePantera Capital+9 more
Parcl provides daily real estate market signals, ownership data, and tools for analyzing how housing markets move, including a portfolio-search tool for finding single-family rental portfolios and data/resolution services for housing-related prediction markets.
Data & InfrastructureFintechPropTechNew York City, US
Jason Lewris(Founder)in
Co-investorsArchetypeCoinbase VenturesHack VCLAB VenturesMetastableParaFi Capital
Party is a decentralized protocol that enables groups to coordinate onchain through collective wallet functionality, including token launches, crowdfunding, NFT memberships, and group chat capabilities.
Crypto & Web3
Co-investorsCompoundMetastablea16z cryptoAndreessen Horowitz
PleasrDAO is a decentralized collective that acquires and preserves culturally significant digital assets, including NFTs and artifacts of internet history, using blockchain technology to enable community ownership.
Crypto & Web3Social
Co-investorsa16z cryptoAndreessen HorowitzDivergenceMetastableParaFi CapitalStandard Crypto+1 more
Polymarket is a prediction market platform where users trade contracts based on the outcomes of future events across politics, sports, economics, and other categories.
Crypto & Web3FintechMarketplaces
Shayne Coplan(Founder & CEO)in
Co-investors1confirmationA.Capital VenturesAbstract VenturesAdvaita CapitalAntiAusum Ventures+17 more
PoolTogether is a permissionless protocol that enables no-loss prize savings, allowing users to deposit funds for a chance to win while generating yield from deposits.
Crypto & Web3Fintech
Co-investorsConsenSys MeshNascent
Quantstamp provides smart contract and blockchain security audits and verification services for Web3 and Web2 projects.
Crypto & Web3CybersecurityEnterprise SoftwareSan Francisco, US
Richard Ma(Founder/CEO)inSteven Stewart(Executive Officer, Director)
Co-investorsBloccelerate VCFifty YearsLegalTechManhattan Venture PartnersMetaplanetMetastable+8 more
Questbook operates a platform that connects builders and grant applicants with grant managers, recommending applicant profiles and delivering relevant grant opportunities.
Crypto & Web3MarketplacesSaaS
Sriharsha Karamchati(Founder)in
Co-investorsAll In CapitalBetter CapitalCoinbase VenturesFirst ChequeKube VCLemniscap
Rain builds stablecoin infrastructure for financial institutions and partners, providing payment cards accepted at millions of merchant locations, digital wallets, and global settlement rails.
Crypto & Web3Enterprise SoftwareFintechSaaS
Farooq Malik(CEO)
Co-investors57Blocks CapitalArchetypeCoinbase VenturesFirstMark CapitalICONIQMirana Ventures+8 more
Rain provides an on-demand pay service that lets employees access wages they have already earned before payday, with the goal of improving employer retention, attendance, and productivity.
AI & Machine LearningFintechHR TechSaaSLos Angeles, US
AJ Nelson(Founder)inAlex Bradford(Co-Founder & CEO)inGilberto Garcia(Co-Founder & CTO)inHR Tech SaaS AJ Nelson(Founder)Jen Terrell(Co-Founder)in
Co-investorsCM VenturesDreamers VCKombo VenturesMindset VenturePICUS CAPITALSquareOne Capital+10 more
Crypto exchange for the Middle East
Co-investorsCoinbase VenturesKleiner PerkinsSpace Whale CapitalVentureSouqVision VenturesBessemer Venture Partners+3 more
Rain is a marketing agency that combines brand strategy, media buying, creative, and analytics to drive customer acquisition and growth for consumer brands.
AdTechMarketing Tech
Michelle Cardinal(Founder & CEO)
Co-investorsStanley VenturesValor Capital GroupBessemer Venture PartnersEndeavor CatalystFirstMark CapitalGalaxy Ventures+5 more
Rain provides earned wage access, letting employees draw money they have already earned before payday, along with financial health tools such as budgeting, spending analysis, and free tax filing.
FintechHR TechSaaS
Alex Bradford(Founder & CEO)
Co-investorsAurum Venture PartnersBig Brain HoldingsClear Haven Capital ManagementEthos VCVU Venture PartnersBessemer Venture Partners+7 more
DoubleZero operates a network that delivers raw market data feeds over dedicated fiber links contributed by independent operators, bypassing public internet latency for trading firms, validators, and platforms.
Crypto & Web3Data & InfrastructureFintechGeorge Town
BoardOLIVER BELL(Director)
Co-investorsCrucible CapitalGSRMetastableMH VenturesMulticoin CapitalPaper Ventures+3 more
Sapiom provides an execution engine and access network that lets AI agents use external capabilities — such as authentication, LLM inference, web search, voice, image and video generation, compute, databases, and messaging — through a single API key, with metered pay-per-use billing.
AI & Machine LearningData & InfrastructureDeveloper ToolsSan Francisco, US
Ilan Zerbib(Founder)in
Co-investorsAccelAngel InvestFormus CapitalGradient VenturesOperator CollectiveArray Ventures Management Llc
Gaming studio building a AAA first-person extraction shooter
Ken Rosman(CEO)
Co-investorsBixin CapitalBixin VenturesCVP NoLimitMetastableNo Limit Holdings (NLH)Raptor Group+7 more
StarkWare develops zero-knowledge proof and validity rollup solutions for blockchain applications, enabling secure, scalable, and trustless transactions.
Crypto & Web3Deep TechDeveloper ToolsNetanya, IL
Eli Ben-Sasson(Co-Founder, CEO)Uri Kolodny(Co-founder, Board Member)inAlessandro Chiesa(Co-Founder)Michael Riabzev(Chief Architect)inAvihu Levy(Head of Product & Blockchain Research)Oren Katz(VP Engineering)
Co-investorsBalaji SrinivasanBollinger Investment GroupChapter OneCoatue ManagementCoinbase VenturesCollab+Currency+14 more
Co-investorsIOSG VenturesMetastablePantera CapitalStandard CryptoWintermuteSevenX Ventures
UMA operates the Optimistic Oracle, a blockchain protocol that verifies natural-language statements and real-world data through a system of proposed statements, dispute periods, and tokenholder voting.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsCollab+CurrencyIOSG VenturesMetastable
Variational operates an on-chain derivatives trading protocol that lets users trade over 500 crypto, stock, commodity and index markets from a single account with up to 50x leverage and no fees.
Crypto & Web3FintechSaaS
Edward Yu(Founder)inLucas Schuermannin
Co-investorsAlphaLab CapitalCaladanMirana VenturesPeak XV PartnersBain Capital CryptoCoinbase Ventures
BigPanda provides an AI-powered platform for IT operations that automates incident management, change management, and service desk workflows for enterprise IT teams.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS
Co-investorsFirstMark CapitalGreycroftHetz Ventures
Velocity builds monetization and distribution infrastructure for AI-native applications, drawing on experience developing advertising, machine learning, and growth platforms at large scale.
AdTechAI & Machine LearningMarketing Tech
Co-investorsNFXRed Dot Capital PartnersTRANSCENDCapital One VenturesCoinbase VenturesFirstMark Capital+2 more
Velocity is an enterprise platform for payments and treasury operations built on stablecoins, unifying settlement, payments, treasury, and FX into a single programmable, multi-asset system.
Crypto & Web3Enterprise SoftwareFintech
Co-investorsActivant CapitalDigital Space VenturesCapital One VenturesCoinbase VenturesFirstMark CapitalFuel Ventures+3 more
Velocity provides financing, shipping, AI, and analytics products for eCommerce brands in India.
E-commerceFintechLogistics & Supply ChainSaaSGurugram, IN
Abhiroop Medhekar(Founder)inSaurav Swaroop(CTO)inAtul Khichariyain
Co-investorsDST GlobalFJ LabsiSeedPresight CapitalValar Ventures LlcCapital One Ventures+4 more
Venice AI provides a privacy-focused platform for generating text, images, video, audio, and code using open-source and third-party AI models, with uncensored and anonymized processing.
AI & Machine LearningCybersecurityDeveloper ToolsSheridan, US
ERIK VOORHEES(Executive Officer, Director, Promoter)JESSE PROUDMAN(Executive Officer, Director, Promoter)
BoardHASEEB QURESHI(Director)in
PartnerHaseeb Qureshi· quoted
Co-investorsArchetypeEquilibrium VenturesNIVService Provider CapitalCoinbase Ventures
Co-investorsMetastable
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Portfolio news
latest coverage across their companies
Ethena Labs · interactivecrypto.com · Aug 21, 2026
Rain · theblock.co · Aug 19, 2026
Rain · theblock.co · Aug 19, 2026
Venice AI · invezz.com · Aug 18, 2026
Sapiom · fundraiseinsider.com · Aug 10, 2026
Velocity · thefintechtimes.com · Jul 24, 2026
Velocity · thefintechtimes.com · Jul 24, 2026
Frequently asked questions
- How many investments has Dragonfly made?
- Dragonfly has 127 tracked investments, including 1 dated in the last 24 months.
- What stage does Dragonfly invest at?
- Dragonfly invests at the Pre-Seed, Seed, Series A, Series B, Growth stages.
- What is Dragonfly's typical check size?
- Dragonfly typically writes checks of $3M – $30M.
- What sectors does Dragonfly focus on?
- Dragonfly focuses on Crypto & Web3.
- Where is Dragonfly located?
- Dragonfly is headquartered in New York City, US.
- Does Dragonfly lead rounds?
- Dragonfly typically participates in rounds rather than leading them.
- Who does Dragonfly co-invest with?
- Dragonfly most often shares deals with Metastable, Coinbase Ventures, IOSG Ventures, among 281 tracked co-investors.
Media · Podcasts & interviews
featuring the teamIf You Want To Get Rich, Hold Bitcoin - Haseeb Qureshi, Dragonfly Managing Partner | E177
When Shift Happens · Haseeb Qureshi
Fireside Chat: Dragonfly's Haseeb Qureshi | Andy C - The Rollup and Haseeb Qureshi - Dragonfly
ETHDenver · Haseeb Qureshi
35 - Network State Conference 2025 - Haseeb Qureshi of Dragonfly explains how to distribute tokens
Network State Podcast · Haseeb Qureshi
Dragonfly: The Secrets of a Top-Tier Crypto VC - Haseeb Qureshi. Ep. 609
Epicenter Podcast · Haseeb Qureshi
Haseeb Qureshi - Managing Partner - Dragonfly
Dinis Guarda · Haseeb Qureshi
Haseeb Qureshi – Investing in Future at the $2.5B Firm, Dragonfly Capital – ep 12
Angels to Allocators · Haseeb Qureshi
Images
Co-investors · 80
Pantera Capital is a blockchain and cryptocurrency-focused investment firm that pioneered early crypto funds in the U.S., offering exposure through venture equity, early-stage tokens, and liquid tokens.
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.
Paradigm is a frontier technology investment firm that builds and invests in early-stage companies across crypto, AI, robotics, and other emerging technology areas.
Multicoin Capital is a thesis-driven investment firm focused on cryptoassets, tokens, and blockchain companies, managing a hedge fund and several venture funds across public and private markets.
Electric Capital is an early-stage venture firm founded in 2018 that backs founders building trust-minimized technologies across AI, crypto, fintech, and related sectors.
Robot Ventures is a $75M early-stage crypto fund founded and led by Robert Leshner (Compound) and Tarun Chitra (Gauntlet), who actively run major DeFi companies while managing the fund, giving founders direct access to operators at the center of on-chain markets. The fund specializes in backing highly technical crypto primitives at the pre-seed stage before they become marquee names, leveraging deep quant research expertise to evaluate complex DeFi mechanisms that many generalist VCs struggle to understand.
ParaFi Capital is a multi-strategy investment firm operating across public and private markets, focused on financial technology and capital markets innovation, including digital assets.
Hashed is a venture firm backing founders building in AI, crypto, and frontier technology, offering hands-on ecosystem support to portfolio companies from inception to global scale.
Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.
Blockchain Capital is a venture firm that has partnered with crypto builders since 2013, investing across the blockchain and digital asset ecosystem.
Nascent is a crypto-focused investment firm that builds, invests in, and competes across open markets and permissionless technologies, deploying both venture and liquid strategies as active participants in the crypto ecosystem.
Polychain is an investment firm that actively manages portfolios of blockchain-based digital assets, aiming to deliver strong returns for its investors.
▶68 more co-investors
DivergenceHaun VenturesCoinFundArchetypeVariant FundAbstract VenturesFounders FundLightspeed Venture PartnersUnion Square Ventures (USV)SID Venture PartnersNIVShima CapitalPlaceholder VCSequoia CapitalRedpoint VenturesKleiner PerkinsFlybridge Capital PartnersBitkraft Esports VenturesThird Point VenturesOyster VenturesVOLT CAPITALEthereal Ventures Management Ltd.Semantic VenturesQiming Venture Partnersgumi Cryptos Capital (gCC)TechstarsMenlo VenturesB Capital GroupTiger Global ManagementFifth WallResolute VenturesNot Boring CapitalGustoGoodwater CapitalPareto Holdings7percent VenturesPoint72 VenturesLobby CapitalAnthemis VenturePolygonSummit PartnersUnpopular VenturesMosaic VenturesCrunchFundEXPONENT FOUNDERS CAPITALSeed Club VenturesVoyager CapitalScalar CapitalSolana VenturesLCXVerified CapitalLAUNCHub VenturesThe Alchemy FundPrimitive VenturesCherubic VenturesAlchemy VenturesMusha VenturesCambrian Asset ManagementXAngeBlockchange VenturesWave Digital AssetsFramework VenturesNext Frontier CapitalTunitas VenturesBlockchain Coinvestors AngelList SyndicateBAI capitalFormless CapitalRarestone Capital
Firms observed investing alongside Dragonfly, from public investor directories. Shared companies are the overlap with Dragonfly's recorded portfolio.
Similar investors
AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.
August Capital is a venture capital firm that invests in a small number of companies, providing hands-on support to entrepreneurs building their businesses.
.jpeg){kind=logo}
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Breyer Capital is a venture capital firm that backs high-impact entrepreneurs, making strategic investments guided by founder passion and its network of experienced investors.