Dragonfly Capital
Dragonfly brings access and influence to crypto teams with global aspirations to find adoption anywhere. The fund invests across stages with a focus on teams tackling big, wicked problems and pushing the boundaries of the crypto industry.
Check Size$3M – $30M
StagesSeed, Series_a, Series_b, Growth
LocationUS
Data quality70good
Investment thesis
Dragonfly brings access and influence to crypto teams with global aspirations to find adoption anywhere. The fund invests across stages with a focus on teams tackling big, wicked problems and pushing the boundaries of the crypto industry.
90 confidence · stated by fund
Partners
HQ
Haseeb Qureshi
Managing Partner
BF
Bo Feng
Managing Partner
TS
Tom Schmidt
General Partner
RH
Rob Hadick
General Partner
What sets Dragonfly Capital apart
- Acquired Metastable (founded 2014 by Naval Ravikant), longest-running crypto fund with early bets on Ethereum, Avalanche, Cosmos, Near
- Extensive research and data publishing (compensation reports, airdrop analysis, stablecoin studies)
- Global presence with dedicated Asia portfolio support
- Technical founding team with 8+ years crypto experience
Recent investments
Monad, MegaEth, Metastable
Investment profile
- Stages
- Seed, Series_a, Series_b, Growth
- Sectors
- Blockchain, Infrastructure, Defi, L1_l2s, Stablecoin, Cefi, Nft, Ai_agents
- Cold inbound
- Accepted
Frequently asked questions
- What does Dragonfly Capital invest in?
- Dragonfly Capital is a seed, series_a, series_b, growth stage Blockchain, Infrastructure, Defi, L1_l2s, Stablecoin, Cefi, Nft, Ai_agents investor, typically writing $3M – $30M checks, primarily investing in US. Their thesis: Dragonfly brings access and influence to crypto teams with global aspirations to find adoption anywhere. The fund invests across stages with a focus on teams tackling big, wicked problems and pushing the boundaries of the crypto industry.
- What check size does Dragonfly Capital write?
- Dragonfly Capital typically writes $3M – $30M checks at the Seed, Series_a, Series_b, Growth stage in Blockchain, Infrastructure, Defi, L1_l2s, Stablecoin, Cefi, Nft, Ai_agents.
- Is Dragonfly Capital actively deploying capital?
- Dragonfly Capital is actively deploying capital. What we observed: Active writing on emerging trends (Monad, agentic economy), recent portfolio additions, and stated global expansion with offices in NYC and Singapore
- What makes Dragonfly Capital different from other funds?
- Dragonfly Capital stands out on 4 points: Acquired Metastable (founded 2014 by Naval Ravikant), longest-running crypto fund with early bets on Ethereum, Avalanche, Cosmos, Near; Extensive research and data publishing (compensation reports, airdrop analysis, stablecoin studies); Global presence with dedicated Asia portfolio support; Technical founding team with 8+ years crypto experience.
- What has Dragonfly Capital invested in recently?
- Recent investments DryPowder has tracked from Dragonfly Capital include Monad, MegaEth, Metastable.
- What other funds are similar to Dragonfly Capital?
- Funds with overlapping stage and sector focus include Avant Global, Diagram Ventures, White Star Capital. See the full list below, or use DryPowder's AI fund matching to rank all tracked funds by fit with your specific startup.
- How do I reach out to Dragonfly Capital?
- Dragonfly Capital accepts cold outreach — you can apply directly at https://career.dragonfly.xyz/venture.html. Use DryPowder's AI fund matching to see how your startup aligns with Dragonfly Capital's thesis and focus areas (Blockchain, Infrastructure, Defi, L1_l2s, Stablecoin, Cefi, Nft, Ai_agents) — it returns a fit score and specific talking points for your outreach.