Dragonfly
Venture Capital

Empowering Crypto Visionaries from Seed to Global Scale

Founders

Bo Feng (Founder & Managing Partner)

Launch Date

Key Investors

Coinbase Ventures

Alameda Research

Polychain Capital

ParaFi Capital

Lemniscap

and more

About

Founded in 2018, Dragonfly is a leading global crypto venture fund with presence in 12 countries. The firm backs innovative projects across DeFi, CeFi, NFTs, L1/L2s, and infrastructure, providing tactical guidance from ideation to global impact. With 48 team members who are crypto-natives with 10+ years of experience, Dragonfly combines deep technical expertise with data-driven research to help crypto teams with global aspirations find innovation and adoption worldwide.
Dragonfly
Dragonfly
Dragonfly
Dragonfly
Dragonfly
Dragonfly
48
Team members worldwide
12
Countries with presence
Use Cases
  • Global Expansion Strategy - Crypto startups leverage Dragonfly's cross-border expertise to expand operations internationally, accessing new markets and user bases with guidance from their global network.
  • Crypto Investment Portfolio Diversification - Investment firms use Dragonfly as a channel to diversify their portfolios across multiple crypto sectors including DeFi, NFTs, L1s, and L2s with expert guidance.
  • Talent Acquisition & Matching - Crypto projects utilize Dragonfly's portfolio job board and talent matching service to find qualified professionals with specialized blockchain expertise.
  • Research-Backed Project Development - Entrepreneurs collaborate with Dragonfly's research division to validate blockchain innovations and receive data-driven insights for future-focused project development.
Dragonfly's Investment Strategy in Web3 and Crypto
  • Dragonfly invests in projects across DeFi, CeFi, NFTs, L1s/L2s, and infrastructure
  • They back teams building generational companies and products in crypto across sectors and stages
  • Their investment portfolio includes companies like MakerDAO (DeFi), Frax (DeFi), Compound Labs (DeFi), and Bybit (CeFi)
  • They focus on teams tackling big, complex problems and pushing the boundaries of the industry
  • They aim to help crypto teams with global aspirations find innovation and adoption anywhere
Dragonfly's Contribution to Crypto Research and Development
  • Dragonfly provides original crypto research and insights
  • They develop a fundamental understanding of the problems in crypto and what it takes to make progress through their research
  • They share insights into different areas of the crypto world with data-driven analysis and a technical approach
  • They publish research articles on various topics, including decentralized inference and crypto compensation
  • They have a dedicated research team that includes research partners
Trusted by

Zircuit, Woo Network, UMA, Twali, TRLab, Thesis, TaxBit, SynFutures, Starkware, Stablehouse, Spindl, Spacemesh, Solend, Sanctum, Sipher, Shrapnel, Rumpel, Saffron Finance, Saddle, Revel, Quantstamp, Quadrata, PoolTogether, Polygon, PleasrDAO, PartyDAO, Parcl, Paradigm, Orderly, Opyn, OneKey, Oasis Labs, NEAR Foundation, Mina Protocol, Metatheory, MetaStreet, Matter Labs, Matrixport, MakerDAO, Liquifi, Li.Finance, Lido, Lemma, Kikitrade, Juicebox, Ironfish, Internet Game, InfStones, Hyperspace, Hedgehog, Hashflow, Harpie, Goldsky, Gelato, Gauntlet, Galxe, Frax, Flashbots, Everyrealm, Ethlas, Ethena, Entropy, Econia, dYdX, Dune Analytics, Drakula, DORA, DerivaDEX, DeBank, CryptoSlam, Crusoe, Cozy Finance, Cosmos, Compound Labs, Commonwealth, Context, Coin Metrics, Celo, Cega, Caldera, Bybit, Branch, Blowfish, Avail, Aurora, Aptos, Animoca Brands, Alliance DAO, Afriex, Aevo

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