Organization · Venture Capital
Dragonfly
Dragonfly is a global crypto investment fund that supports teams across various sectors in the crypto space, focusing on innovation and adoption. It operates from San Francisco and Singapore, investing in early-stage to growth-stage projects.
Overview
What Dragonfly does
What Dragonfly is
Dragonfly is a global crypto investment fund that supports teams across various sectors in the crypto space, focusing on innovation and adoption. It operates from San Francisco and Singapore, investing in early-stage to growth-stage projects.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2018
- Approximate age
- About 8 years
- Structured capabilities
- Funder
- Last reviewed
- April 9, 2026
Official channels
Find Dragonfly elsewhere
Open the official website or a supported primary organization account.
Capability profile
Dragonfly as a funder
Investment thesis
Dragonfly focuses on investing in innovative crypto teams with global aspirations, particularly in fintech-like crypto products such as stablecoins and payment infrastructure.
Focus narrative
Dragonfly invests in various sectors within the crypto ecosystem, including protocols, exchanges, and applications. The firm particularly focuses on early-stage and growth-stage companies that are pushing the boundaries of the industry and addressing critical challenges.
Value beyond capital
Dragonfly provides strategic support to its portfolio companies, leveraging its extensive network and expertise in the crypto space to help them navigate challenges and achieve growth.
Terms and economics
- Typical check
- $1,000,000–$75,000,000
- Sweet spot
- $10,000,000
Focus and fit
- Stages
- Pre-seed · Seed · Seed+ · Series A · Series A+ · Series B · Series B+ · Series C · Series C+ · Growth Equity
- Sectors
- Web3 & BlockchainFintech
- Regions
- Asia · Global · North America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 100
Portfolio context
Dragonfly's portfolio includes notable companies such as Agora, focused on centralized finance (CeFi); Rain, involved in stablecoins; Monad, working on Layer 1/Layer 2 solutions; Ethena, a decentralized finance (DeFi) project; MegaEth, another Layer 1/Layer 2 solution; and Polymarket, an infrastructure project.
Common questions
What to know about Dragonfly
Upseed classifies Dragonfly under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 9, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.