Dragonfly Capital - Portfolio Companies

Dragonfly Capital - Portfolio Companies

Global cross-border crypto venture fund

Overview

Dragonfly Capital runs a crypto venture fund that backs blockchain and cryptocurrency startups around the world. It invests capital in early-stage and growth-stage companies and provides access to a global network of partners, investors, and advisors to help portfolio companies scale internationally from day one. What sets it apart is its explicit focus on cross-border deals and building a worldwide ecosystem, rather than concentrating on a single region or market. The goal is to support and grow a globally connected crypto industry by helping diverse founders bring their products to users around the world.

About Dragonfly Capital - Portfolio Companies

Simplify's Rating
Why Dragonfly Capital - Portfolio Companies is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Venture Capital

Crypto & Web3

Company Size

11-50

Company Stage

N/A

Total Funding

$729.5M

Headquarters

San Francisco, California

Founded

2018

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Simplify's Take

What believers are saying

  • Top performers Aptos (+14.5%), Sanctum (+12.9%), Kaito (+11.0%) drive returns.
  • Diversification into life sciences (21%) and consumer products (16%) reduces crypto concentration.
  • Early-stage positioning captures pre-seed to Series A deals before competitors.

What critics are saying

  • SEC enforcement against unregistered DeFi securities threatens Aptos and Ethena positions.
  • Paradigm's $2.5B fund outperforms 3x on NEAR, poaching builders and deals.
  • MAS revokes Singapore license over AML failures, blocking $500M+ Asia operations.

What makes Dragonfly Capital - Portfolio Companies unique

  • Eight years crypto experience with global offices in NYC and Singapore.
  • Invests $3M–$30M+ checks across seed to Series B and beyond.
  • Portfolio includes Polygon (89.2x ROI), Avalanche (48.1x), Ethena (23.2x).

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Funding

Total Funding

$729.5M

Above

Industry Average

Funded Over

0 Rounds

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