Dragonfly Capital, which was recently rebranded to Dragonfly, is a highly experienced, research-oriented, innovation-driven fund having very talented funders coming from different regions, and also a fancy website. Dragonfly has applied a dynamic growth strategy, which reflects the fund's lightning-fast transformation and successful investments forming versitale blue-chip portfolio.
The fund is well-versed in institutional-level market research and asset management and, despite adverse market conditions, has shown steady positive performance of its portfolio even during the bear market. Dragonfly Capital has a considerable interest in the infrastructure blockchain projects, including multiple L1s and L2s. Also, they invested in top CeFi, DeFi, and NFT startups.
Dragonfly Capital Overview
Dragonfly Capital - About
Dragonfly Capital is a worldwide research-driven crypto investment firm from the US. It was launched by a crypto passionate professionals originated from different regions, with an impressive technical expertise in the industry. The fund was established by Bo Feng, who was a talented entrepreneur from the Chinese Internet and tech sector, also known as an early-stage investor in crypto founding teams from the inception phase of the market, and Haseeb Qureshi, a committed supporter of and investor in the crypto industry, as well as a former developer at a number of high-profile tech companies, and founder of a few own startups, one of which - Earn.com - was acquired by Coinbase.
Up to date, Dragonfly merges a couple of entities:
- Dragonfly Ventures,
- Dragonfly Liquidity
- Metastable (not long ago acquired, one of the earliest crypto hedge funds in the industry).
Among the most recognizable bright-shiners in the Dragonfly portfolio, there are 1Inch, BitGet, Lido, Near, BitDAO, Cosmos, Axelar, dYdX, MetaMask, Aurora, Aptos and many others.
And here is the current balance of interests:
Total number of investments: 144
- DeFi: 33.6%
- Blockchain Service: 21.4%
- Blockchain Infrastructure: 15.3%
- CeFi: 9.9%
- NFT: 7.6%
- GameFi: 6.9%
- Social: 4.6%
- Other: 0.8%
Dragonfly Capital - Industries
Dragonfly Capital - Portfolio Performance
Dragonfly Capital – Investment Rounds
DeBankDragonfly Capital – Portfolio
AevoDragonfly Capital – Co-investors
| Fund | Score | Type | Project Support | Social Influence | Retail ROI | Co-investments | Total Investment |
|---|---|---|---|---|---|---|---|
 Coinbase Ventures | Very High | Exchange | High | High | 1.45x | 9 | 86 |
 Mirana Ventures | N/A | Venture | High | Very Low | 0.599x | 6 | 44 |
 Robot Ventures | N/A | Venture | N/A | N/A | 1.50x | 5 | 41 |
 Nascent | N/A | Venture | Medium | Medium | 0.663x | 5 | 13 |
 Circle Ventures | Very High | Venture | Medium | Medium | 2.56x | 4 | 20 |
