Dragonfly Capital raises $650 million for fourth fund
Crypto Briefing
Venture firm Dragonfly Capital has successfully closed its fourth fund at $650 million.Summary
Dragonfly Capital, a venture firm focused on early-stage blockchain and web3 investments, has closed its fourth fund at $650 million, matching the size of its previous fund. This new capital will be used to back promising projects within the blockchain and decentralized finance sectors. The firm's investment strategy prioritizes blockchain projects that integrate with financial services over speculative web3 endeavors. Dragonfly has already invested in over 100 digital asset companies, including notable projects like Ethena and Polymarket.
(Source：Crypto Briefing)