/Investor DB

Dragonfly

Venture capitalActively deployingoperating company · company profile

New York · Pre-Seed–Growth · 22 people tracked

Also known as Dragonfly Capital · Dragonfly Capital Partners · DRAGONFLY DIGITAL MANAGEMENT, LLC

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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 Sep 29, 2026.

Stage
Pre-Seed–Growth
Check
$3M – $30M
HQ
New York, NY, US
Leads rounds
Follows
Instruments
Equity
Founded
2018
Last 12 months
14 investments
AUM
$3.4B
Tracked investments
210
Unicorns
16
Acquisitions
4

Team · 22 people

from the firm's website & curated & public directories
Casey Taylor· Platform Partner & Global Head of Founder Supportin
Celia Wan· Partnerin𝕏
Mia Deng· Partnerin𝕏
Rahul Bishnoi· Partnerin𝕏
Ryan Phua· Partnerin𝕏
Alec Zhang· Junior Partner
Heather Bailey· Head of Events
Hildebert Moulié· Head of Data Sciencein
Joshua Lim· Liquid Portfolio Analystin
Tony Li· Portfolio Support Partner - Asia

What they invest in

from 129 of 210 portfolio companies

Crypto & Web3 ×87Fintech ×61Data & Infrastructure ×33AI & Machine Learning ×32Developer Tools ×28SaaS ×23Enterprise Software ×21Cloud Computing ×10

HQs:United States×47Switzerland×2India×2United Arab Emirates×1Bahrain×1Germany×1

Who they back

founder profiles across 61 portfolio companies
34%
solo founders
21 of 61 mapped founding teams
56%
repeat founders
of 57 founders with career history
~1 yr
old at investment
median across 14 dated deals

Founding team size:solo founder×212 founders×173 founders×104+ founders×13

Where their founders studiedfrom 47 founders with education data

Massachusetts Institute of Technology ×5Cornell ×4Stanford University ×4Columbia University ×3New York University ×3Princeton University ×3University of Oxford ×3Lyford Cay International School ×2

What their founders studiedfrom 49 founders with field-of-study data

Computer Science ×29Mathematics & Statistics ×10Engineering ×8Economics ×5Business & Management ×4Finance & Accounting ×4Design & Architecture ×2Physics ×2

Where their founders worked beforefrom 57 founders with career history

ConsenSys ×4Google ×3Docker ×2Getco LLC ×2Goldman Sachs ×2Microsoft ×2Sleev ×2Stanford University ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

9 founders hold a PhD · 8 hold an MBA (of 54 with degree data)

Investments · 210 tracked

founders shown can be your intro path

By year:2026 · 142025 · 62024 · 122023 · 52022 · 182021 · 62020 · 32019 · 22017 · 12015 · 168 dated

Aptosaptoslabs.comin𝕏Jul 2022✓ verified

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(Founder)inMo Shaikh(Founder)inAlin Tomescu(Head of Cryptography)inSasha Spiegelman(Head of Research)Zekun Li(Head of Blockchain)in

Co-investorsa16z cryptoAndreessen HorowitzArrington CapitalBixin CapitalBixin VenturesCoinbase Ventures+15 more

BitDAObitdao.io𝕏✓ verified

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

Blocktempoblocktempo.comin𝕏✓ verified

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

Blowfishblowfish.xyz𝕏Sep 2022 · $11.8M✓ verifiedAcquired

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-investorsParadigm0x LabsCaffeinated CapitalGV (Google Ventures)Hypersphere VenturesUniswap Labs Ventures

Codexcodex.xyzin𝕏Apr 2025 · $15.8M✓ verified

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

Haonan Li(Founder)Momo Ong(Founder)Victor Yaw(Founder)

Co-investorsCoinbase VenturesWintermuteCircle VenturesMirana VenturesReverieCircle & Co.+3 more

Infinity Poolsinfinitypools.finance✓ verified

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 Networkmantle.xyz𝕏✓ verified

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 VenturesBitDAODWF LabsRR2 Capital

Questbookquestbook.app𝕏May 2022✓ verified

Questbook operates a platform that connects builders and grant applicants with grant managers, recommending applicant profiles and delivering relevant grant opportunities.

Crypto & Web3Developer ToolsMarketplacesSaaS

Sriharsha Karamchati(Founder)in

Co-investorsCoinbase VenturesHashedLemniscapMirana VenturesAll In CapitalBetter Capital+9 more

Thesisthesis.coin𝕏✓ verified

Thesis is a Bitcoin venture studio that funds and builds decentralized products and protocols focused on personal empowerment.

ConsumerCrypto & Web3Enterprise SoftwareFintech

Matt Luongo(Founder)inAntonio Salazar Cardozo(CTO)inBen Forman in(Founder)Luigi Charles(Founder)inSergio Charles(Founder)in

Co-investorsAndreessen HorowitzBOOST&CoFenbushi CapitalCollab+CurrencyDraper AssociatesDraper Dragon+5 more

Xprotocolxprotocol.orgin𝕏Jul 2024✓ verified

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+2 more

1inch Exchange1inch.comin𝕏Oct 2020

1inch develops decentralized finance (DeFi) technology and products aimed at giving users and partners secure, compliant access to on-chain financial tools.

Crypto & Web3FintechTortola

Anton Bukov(Founder)inSergej Kunz(Founder)in

Co-investorsBig Candle CapitalBlockchain CapitalBR CapitalCTC VenturesFabric VenturesFaculty Group+29 more

Aevoaevo.xyz𝕏

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 VenturesMetastableNascent

Afriexafriexapp.com𝕏Series A

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)inEugene Baah(Head of Product)

Co-investorsAdaverseBrightstone Venture CapitalFoundersFuture AfricaMetastableOpen Opportunity Fund+10 more

Agoraagora.xyz𝕏

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(Founder)inBar Mor(Founder)Charlie Feng(Founder)Drake Evans(Founder)

Co-investorsAlephAlphaLab CapitalCaladanHack VCHaun VenturesInsight Partners+12 more

Algorandalgorand.coin𝕏

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)inSteven Kokinos(Founder)

Co-investorsAlumni VenturesAndromeda CapitalArrington CapitalBasecamp FundBig Candle CapitalBixin Capital+27 more

Alkimiyaalkimiya.ioJan 2023 · $7.2M

A DeFi protocol creating a marketplace for blockspace.

Co-investorsBODLCastle Island VenturesCircle VenturesCoinbase Ventures1kxRobot Ventures+1 more

Alliance DAO (ex DeFi Alliance)alliance.xyzin𝕏

Alliance is a selective accelerator and founder community for crypto and AI startups, providing $1M in funding, a 10-week program (in-person in New York City plus remote), mentorship, and connections to investors to help startups reach product-market fit.

AI & Machine LearningCrypto & Web3New York City, US

Imran ..(Founder)inImran Khan(Founder)Jacob Franek(Founder)Qiao Wang(Founder)

Co-investorsFounders FundAdaverseCoinbase VenturesCoinFundFounderheads,gumi Inc+15 more

Amber Groupambergroup.io

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 & Web3FintechSingapore, SG

Wayne Huo(Founder)Michael Wu(Founder)Luke Li(Founder)Thomas Zhu(Founder)Tiantian Kullander(Founder)Tony He(Founder)

Co-investorsBase PartnersCoinbase VenturesDCM VenturesDigital Finance GroupFenbushi CapitalGobi Partners+9 more

Anchorageanchorage.comin𝕏

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(Founder)inNathan McCauley(Founder)in

Co-investorsAndreessen HorowitzGICa16z cryptoAmplify PartnersBlockchain CapitalDelta Blockchain+28 more

Ancient8ancient8.gg

Ancient8 is a gaming-focused Ethereum Layer 2 blockchain designed for Web3 gaming, hosting fully on-chain games, games on X and Telegram, IP-infused games, and AI-powered games.

Crypto & Web3Gaming

Howard Xu(Founder)Trung Nguyen(Founder & CEO)Thuat Nguyen(Founder)William Phan(Founder)

Co-investorsAnimoca BrandsCoinbase VenturesExtra WattsImpossible FinanceIOSG VenturesK300 Ventures+25 more

Andrenaandrena.comin𝕏May 2019

Andrena is a wireless Internet service provider that delivers high-speed connectivity to multi-tenant buildings and households using wireless technology beamed to building roofs, then distributed wirelessly to units.

CleantechCloud ComputingNew Jersey, US

Neil Chatterjee(Founder)inJames Smits(Founder)inNick De Veaux(Founder)

Co-investors645 VenturesAfore CapitalBollinger Investment GroupCalm VenturesCastle Island VenturesChaos Ventures+10 more

Animoca Brandsanimocabrands.comin𝕏

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)Robby YunginDavid J. Kim(Founder)

Co-investors2080 Ventures500 GlobalA'Z AngelsAdit Ventures Management, LlcAlpha Wave GlobalAppWorks Ventures+49 more

ApeX Protocolapex.exchangein𝕏

ApeX Omni is a decentralized derivatives and spot trading platform built on a multichain, intent-centric architecture, offering perpetuals with up to 100x leverage, spot swaps, vaults, staking, and AI-driven trading insights.

Crypto & Web3Fintech

Co-investorsMetastableTiger Global Management

Aptosaptosfoundation.org

A layer 1 blockchain engineered to evolve.

Avery Ching(Founder)Mo Shaikh(Founder)in

Co-investorsBorderless VentureMEXC VenturesPillar VCVariant FundAndreessen HorowitzBixin Ventures+7 more

Artemisartemisanalytics.comin𝕏

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-investorsCoinFundMetastableMirana VenturesWIND Ventures

Augustaugust.lawin𝕏

August builds an AI platform for law firms that turns repeatable legal tasks into reusable workflows, co-developed on a firm's own precedent, templates, and drafting standards to produce senior-lawyer-quality work product faster.

AI & Machine LearningLegalTechSaaS

Rutvik Rau(Founder)inJason Johnson(Founder)Joseph Parker(Founder)Thomas Bueler-Faudree(Founder)Yves Béhar(Founder)

Co-investorsNew Enterprise Associates (NEA)Pear VC6th Man VenturesAfore CapitalMaveronSoGal Ventures

Availavailproject.orgin𝕏Jun 2024 · $43M

Avail is a blockchain infrastructure project focused on scalability solutions for blockchain ecosystems.

Crypto & Web3Data & Infrastructure

Anurag Arjun(Founder)inChris Giliberti(Founder)Prabal Banerjee(Founder)

Co-investorsAmino CapitalBorderless VentureCoatue ManagementFigmentHTX Ventures (ex Huobi Ventures)Impossible Finance+26 more

Availgetavail.comin𝕏Jun 2024 · $43M

AVAIL provides a content management system that enables design and technical teams to efficiently organize, find, and reuse technical content across applications.

Construction TechDeveloper ToolsEnterprise SoftwareSaaSLexington, US

Randall Stevens(CEO and Founder)in

Co-investorsBluegrass Angel VentureForward Venture CapitalAltos VenturesChapter OneCyber CapitalFigment+4 more

Avail (fka Rentalutions)avail.comin𝕏Jun 2024 · $43M

A messaging platform feature for property managers and rental companies that links conversations to tenant lifecycle stages and provides filtering and alert capabilities.

B2B MarketplacesFintechPropTechSaaS

Ryan Coon(Founder)in

Co-investorsMetaPropMetaProp VenturesSandalphon CapitalAltos VenturesBigfoot CapitalChapter One+6 more

Avalancheavax.networkin𝕏

The Avalanche Foundation is a non-profit organization that supports innovation and growth in the Avalanche ecosystem through grants, programs, and strategic support for developers, entrepreneurs, and communities building on the Avalanche blockchain platform.

Crypto & Web3Data & InfrastructureDeveloper ToolsEnterprise SoftwareFintech

Emin Gun Sirer(Founder)inBrian Riordan(Founder)Elezhan (Ijan) Zhakiya(Founder)inEmin Gün Sirer(Founder)Kevin Sekniqi(Founder)Maofan Ted Yin(Founder)

Co-investorsa16z cryptoAegis VentuesAndreessen HorowitzAndromeda CapitalBaseTwoBig Brain Holdings+34 more

Axelaraxelar.network𝕏Jun 2021

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(Founder)inGeorgios Vlachos(Founder)in

Co-investorsAndromeda CapitalBitDAOCoinbase VenturesCollab+CurrencyDCVC (Data Collective)Divergence+19 more

BENQIbenqi.fi𝕏

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

JD Gagnon(Founder)

Co-investorsArrington CapitalAscensive AssetsBorderless VentureGenblock CapitalKane & Rao GroupMC Ventures (Muhabbit Capital)+6 more

Bitgetbitget.comin𝕏

Bitget is a cryptocurrency exchange offering spot trading, futures trading, and copy trading services for users worldwide.

Crypto & Web3Fintech

Gracy Chen(CEO)in

Co-investorsBitDAOMantle NetworkMetastable

BloXroute Labsbloxroute.com𝕏

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)in

BoardJeffrey Bussgang(Director)in

Co-investors1confirmationBixin CapitalBixin VenturesBlindspot Ventures Management CoCoinbase VenturesFenbushi Capital+12 more

Blurblur.io𝕏

Blur is an NFT marketplace enabling faster trading with zero marketplace fees and native cryptocurrency rewards through a community-driven token system.

Crypto & Web3Marketplaces

Tieshun Roquerre(Founder)

Co-investorsCollab+CurrencyGm CapitalHivemind Capital PartnersMetastableNarcissus VenturesParadigm+1 more

Bluwhalebluwhale.comin𝕏Seed · Mar 2024 · $7M

Bluwhale creates a decentralized network of AI agents that help users manage and optimize their finances across multiple financial institutions and digital wallets.

AI & Machine LearningCrypto & Web3Fintech

Co-investorsBrincCastrum CapitalJoyance PartnersRR2 CapitalSBI Ven CapitalTaisu Ventures+1 more

Calderacaldera.xyzin𝕏Jul 2024

Caldera provides a rollup engine that lets apps and communities launch customizable, purpose-built blockchains that settle on Ethereum, along with Metalayer for cross-chain connectivity and shared liquidity.

Crypto & Web3Data & InfrastructureDeveloper Tools

Matthew Katz(Founder)Parker Jou(Founder)inMatt Katz(Founder)

Co-investors1k(x)1kxAlliance DAO (ex DeFi Alliance)Lattice CapitalMetastableMH Ventures+6 more

Cegacega.xyz

Building the next evolution in DeFi derivatives focused on exotic options.

Co-investorsHack VCPantera CapitalAlameda ResearchCoinbase VenturesRobot Ventures

Cegacega.fiSeed · Mar 2022 · $4MAcquired

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

Celocelo.org𝕏

Celo is a blockchain network designed for stablecoin payments and global financial transactions, positioned as a Layer 2 solution built on Ethereum's ecosystem.

Crypto & Web3Fintech

Marek Olszewski(Founder)Rene Reinsberg(Founder)Sep Kamvar(Founder)

Co-investorsA.Capital Venturesa16z cryptoCoinbase VenturesDWF LabsFuture Perfect VenturesMetastable+8 more

Coin Metricscoinmetrics.ioin𝕏

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

Tim Rice(Founder)inAleksei Nokhrin(Founder)Alexander Bich(Founder)Jacob Franek(Founder)

BoardMathew S. McDermott(Director)Sean Judge(Director)in

Co-investorsAcrew CapitalBlockchain CoinvestorsCoinbase VenturesCollab+CurrencyCommunitas Capital PartnersDigital Currency Group+10 more

Commoncommon.com

Brad Hargreaves(Founder)

Co-investorsLifeX VenturesMaveronNorwest Venture PartnersSlow Ventures8VC

Commonwarecommonware.xyzOct 2024

Commonware provides a library of primitives—reusable software components for consensus, cryptography, networking, and data structures—that developers use to build blockchains and decentralized systems.

Crypto & Web3Developer ToolsPalo Alto, US

Patrick O'Grady(Executive Officer, Director, Promoter)in

Co-investorsCoinbase VenturesHaun VenturesMetastableScott SunartoTEMPO

Conduithelloconduit.comin

Conduit automates freight handoff and transfers through digital tools, addressing the analog processes that occur when freight changes hands between logistics operators.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US

Conrad Lilleness(Founder)inAndrew Huang(Founder)Cole Rubin(Founder)inKirill Gertman(Founder)Michael Gregson(Founder)Punn Kam(Founder)in

Co-investorsY CombinatorAperture Venture CapitalAutotech VenturesBuilders VCCore Venture CapitalDiagram+13 more

Conduitcondu.it

Conduit builds non-invasive brain-to-computer interface technology, including 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)inRio Popper(Founder)in

Co-investorsTranspose Platform ManagementWonder VenturesBankless VenturesCoinbase VenturesCredibly NeutralDrive Capital+7 more

Conduitconduitpay.comin𝕏May 2025

Conduit provides payment infrastructure for fast, cross-border global transactions.

Developer ToolsEnterprise SoftwareFintechSaaS

Matt Zisow(Founder)Kirill Gertman(Founder)in

Co-investorsCommerce VenturesCore Venture CapitalDiagramDiscovery Ventures III Gmb H & Co. KGGradient VenturesHelios Digital Ventures+16 more

ConsenSysconsensys.ioin𝕏

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)in

Co-investors1802 VenturesArcane GroupArgonautic VenturesBR CapitalCMT Digital VenturesCoinbase Ventures+34 more

Contextcontext.ai

Context.ai provides an enterprise platform that deploys AI agents tailored to different industries including semiconductors, financial services, consulting, telecom, public sector, industrials, business operations, insurance, and legal, with capabilities spanning workflow automation, system integrations, and quality measurement deployed within customer infrastructure.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSSector Agnostic

Alex Gamble(Founder)Henry Scott-Green(Founder)

Co-investors20VCGV (Google Ventures)Link VenturesOctaveDraft Ventures Llc

Cosmoscosmos.so𝕏

Cosmos is a platform for organizing, searching, and managing personal image collections by visual characteristics like color and similarity.

Creator EconomyMarketing Tech

Maghnus Mareneck(Founder)inAndy McCune(Founder)Ethan Buchman(Founder)Jae Kwon(Founder)Luca Marra(Founder)Zarko Milosevic(Founder)

Co-investorsGV (Google Ventures)MatrixShine CapitalAccelBlueYard CapitalDraft Ventures Llc+5 more

Cosmoscosmos.networkin𝕏Nov 2015

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

Hunter Rosenblume(Chief Executive Officer, President, Treasurer and Secretary)Saie Rohith Varanasi(Chief Technology Officer)Maghnus Mareneck(Co-CEO and Co-founder, Cosmos Labs)in

Co-investors1confirmationBig Candle CapitalBollinger Investment GroupContinue CapitalDeepTech VenturesDigital Finance Group+11 more

Cozy Financecozy.finance𝕏

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)inPayom Dousti(Executive Officer, Director)

Co-investorsBlockchain CoinvestorsCoinbase VenturesElectric CapitalGV (Google Ventures)MetastableVariant Fund+3 more

Crusoecrusoe.aiin𝕏

Crusoe builds energy-first AI infrastructure, using innovative and renewable energy sources to power hyperscale AI factories and a cloud platform for AI workloads.

AI & Machine LearningCloud ComputingData & InfrastructureEnergyDenver, US

Cully Cavness(Founder)inChase Lochmiller(Founder)inCharles Cavness(Executive Officer, Director)Matthew DeNezza(Executive Officer)inJamey Seely(Executive Officer)inMichael Gordon(Executive Officer)in

Co-investorsAbstract VenturesACTIVATE CAPITAL PARTNERSAdvaita CapitalAir Street CapitalAkkaAlkeon Innovation+73 more

CryptoSlamcryptoslam.ioDec 2021

Overland Park, US

Randall Wasinger(Executive Officer, Director)Randy Wasinger(Founder)in

Co-investorsalphabet angelsGobi PartnersKCRise FundMetastableRed Beard VenturesSora Ventures+8 more

DeBankdebank.com

China-based crypto wallet and DeFi portfolio tracker covering hundreds of protocols across multiple blockchains.

Tang Hongbo(Founder)in

Co-investorsCircle VenturesCoinbase VenturesFenbushi CapitalIOSG VenturesMetastableSignum Capital+5 more

DerivaDEXderivadex.com𝕏

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 VenturesMetastableCalvin LiuElectric CapitalPolychain Capital

Dfinitydfinity.orgin𝕏

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)in

Co-investorsa16z cryptoAcrew CapitalAmino CapitalAndreessen HorowitzAspect VenturesBollinger Investment Group+28 more

Doublezerodoublezero.techin

A platform that lets developers create autonomous agents by providing infrastructure for reasoning, state management, and analytics, while offering end users a marketplace and interface to interact with and share agents.

AI & Machine LearningDeveloper ToolsEnterprise Software

Scott Moss(Founder)inTravis Ueki(CTO)inAndrew McConnell(Founder)Austin Federa(Founder)Mateo Ward(Founder)Albrey Brown

Co-investorsReciprocal VenturesWintermuteY CombinatorCapitalize VCMulticoin CapitalRockawayX

DoubleZerodoublezero.xyzin𝕏

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 CapitalFoundation CapitalGSRMetastableMH VenturesMulticoin Capital+4 more

Drakuladrakula.app

Drakula is a short-form video social app with crypto elements, built by Showtime Technologies founder Alex Masmej.

Co-investorsCoinbase VenturesMetastable

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Inversion LabsMedallion ArtsAlliance DAOAperture FinanceARCxAuroraBITCoinbase Token ManagerCompound LabsDomination FinanceEthereumEthlasExoFantasy TopFlorida StreetFraxGalactic HoldingsHibachiHopscotchInit CapitalInternet GameInversionKaitoMakerDAOMatoneeMetaPoolMorph Organisation LimitedMorpho (credit network)MyPrizeNebulousOra LabsP0x LabsProdiaRenegadeRoutemeshSlingshot DAOSolendSynFuturesThe Open PlatformTwo Cents

Browse all 210 investments with full details →

▶10 more tracked companies

VelocityVelocityVelocityVelocityVenice AIYeetZA BankZARZcashZcash Open Development Lab

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

Frequently asked questions

How many investments has Dragonfly made?
Dragonfly has 210 tracked investments, 4 of which have exited, including 21 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, 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 392 tracked co-investors.

Media · Podcasts & interviews

featuring the team

If 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

Dragonfly’s Rob Hadick on The State of Crypto Venture | The Crypto Tape

GSR · Rob Hadick

Dragonfly's Rob Hadick on 2026 crypto outlook, bitcoin price trends and future of prediction markets

CNBC Television · Rob Hadick

Stablecoins Are Eating Finance (What Wall Street Missed) | Rob Hadick, Dragonfly

Venture Capital · Rob Hadick

35 - Network State Conference 2025 - Haseeb Qureshi of Dragonfly explains how to distribute tokens

Network State Podcast · Haseeb Qureshi

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Co-investors · 80

Pantera Capital

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.

$5M – $100M
Andreessen Horowitz

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.

$500K – $50M
Paradigm

Paradigm is a frontier technology investment firm that builds and invests in early-stage companies across crypto, AI, robotics, and other emerging technology areas.

$1M – $100M
Multicoin Capital

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.

$1M – $50M
ParaFi Capital

ParaFi is a multi-strategy investment firm operating across public and private markets, focused on financial technology and digital asset innovation, including stablecoins, tokenization, prediction markets, and blockchain finance.

Robot Ventures

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.

$100K – $1M
Polychain Capital

Polychain is an investment firm that actively manages portfolios of blockchain-based digital assets, aiming to deliver strong returns for its investors.

$100K – $10M
Electric Capital

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.

$1M – $20M
Hashed

Hashed is a blockchain and frontier technology investment firm that backs founders building in AI, crypto, and emerging tech, supporting portfolio companies from inception to global scale.

Hack VC

Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.

$3M
Nascent

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.

CoinFund

CoinFund is a crypto-focused investment firm that backs and partners with companies building open, decentralized technology across finance, infrastructure, and AI.

$6M – $10M
▶68 more co-investors

Founders FundSequoia CapitalTiger Global ManagementUnion Square Ventures (USV)Haun VenturesLightspeed Venture PartnersAbstract VenturesBlockchain CapitalDivergenceVariant FundArchetypeBitkraft Esports VenturesNIVShima CapitalPlaceholder VCFramework Venturesgumi Cryptos Capital (gCC)Redpoint VenturesPolygonUtopian VenturesPrimitive VenturesSID Venture PartnersVOLT CAPITALEthereal Ventures Management Ltd.Qiming Venture PartnersTechstarsKleiner PerkinsMenlo VenturesFifth WallFlybridge Capital PartnersResolute VenturesNot Boring CapitalGoodwater CapitalTuesday Capital7percent VenturesPoint72 VenturesThird Point VenturesAnthemis VentureScalar CapitalBlockchange VenturesNext Frontier CapitalSemantic VenturesRarestone CapitalB Capital GroupGustoPareto HoldingsLobby CapitalSummit PartnersUnpopular VenturesMosaic VenturesEXPONENT FOUNDERS CAPITALSeed Club VenturesVoyager CapitalSolana VenturesLCXVerified CapitalLAUNCHub VenturesThe Alchemy FundCherubic VenturesAlchemy VenturesMusha VenturesCambrian Asset ManagementXAngeWave Digital AssetsTunitas VenturesBlockchain Coinvestors AngelList SyndicateBAI capitalFormless Capital

Firms observed investing alongside Dragonfly, from public investor directories. Shared companies are the overlap with Dragonfly's recorded portfolio.

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