English
RussianDragonfly Capital Partners, commonly referred to as Dragonfly Capital, is a venture capital firm that focuses on investments in the blockchain and cryptocurrency space. Dragonfly Capital is known for its active involvement in the blockchain and crypto industry and its commitment to supporting innovative projects and companies.
Investors Dragonfly Capital
Dragonfly Capital
Tier 2Lead investor
Projects
114
Portfolio market cap
$20.51B
sum across all projects
Raised in these rounds
$4.26B
135 of 138 rounds with disclosed amounts
Tier
Tier 2
Lead investor
About the fund
Portfolio · 114
| Project | Price | Entry price | ROI | Stage | Date | Market cap | |
|---|---|---|---|---|---|---|---|
 NEAR ProtocolNEAR | $5.01 | $0.1739 | 29x | — | — | $6.55B | |
 AvalancheAVAX | $11.00 | $0.5000 | 22x | Private Sale | $4.88B | ||
 EthenaENA | $0.2503 | — | — | — | — | $2.59B | |
 Bitget TokenBGB | $2.00 | — | — | — | — | $1.40B | |
 Venice TokenVVV | $27.75 | — | — | — | — | $1.34B | |
 AptosAPT | $0.7993 | — | — | — | — | $696.4M | |
 MonadMON | $0.0344 | $0.0250 | 1.4x | ICO | $406.9M | ||
 Lido DAOLDO | $0.4579 | $0.7300 | 0.63x | Venture Round | $379.9M | ||
 Sanctum InfinityINF | $176 | — | — | — | — | $235.7M | |
 AUSDAUSD | $0.9998 | — | — | — | — | $220.8M | |
 Mina ProtocolMINA | $0.1612 | $0.2000 | 0.81x | — | — | $207.5M | |
 DoubleZero2Z | $0.0458 | — | — | — | — | $159.1M | |
 1INCH1INCH | $0.1062 | $1.50 | 0.07x | Series B Round | $150.2M | ||
 ZKsyncZK | $0.0131 | — | — | — | — | $142.6M | |
 dYdXDYDX | $0.1482 | — | — | — | — | $125.4M | |
 USD.AICHIP | $0.0489 | $0.0300 | 1.6x | Public Sale on CoinList | $97.7M | ||
 NumeraireNMR | $11.81 | — | — | — | — | $90.1M | |
 KaitoKAITO | $0.3443 | — | — | — | — | $83.1M | |
 GalxeGAL | $0.5825 | $1.50 | 0.39x | Public Sale | $74.4M | ||
 Bitget WalletBWB | — | — | — | — | — | $67.2M | |
 AxelarAXL | $0.0530 | $0.2130 | 0.25x | Series A | $66.1M | ||
 MegaETHMEGA | $0.0524 | $0.0200 | 2.6x | Echo Round | $59.2M | ||
 SiacoinSC | $0.001021 | — | — | — | — | $57.2M | |
 NexusNEX | $0.00000083 | — | — | — | — | $49.8M | |
 AuroraAURORA | $0.0640 | $0.1300 | 0.49x | Private Round | $47.4M | ||
 ApeXAPEX | $0.2367 | $0.0500 | 4.7x | — | — | $36.7M | |
 Gravity (prev. GAL)G | $0.00471 | — | — | — | — | $34.1M | |
 SanctumSANC | $0.0651 | $0.1500 | 0.43x | — | — | $33.8M | |
 Frax (prev. FXS)FRAX | $0.2983 | — | — | — | — | $27.9M | |
 WOOWOO | $0.0138 | $0.0380 | 0.36x | — | — | $26.1M | |
 AevoAEVO | $0.0266 | $0.1328 | 0.20x | — | — | $24.8M | |
 BENQIQI | $0.003016 | $0.0055 | 0.55x | — | — | $21.7M | |
 SolendSLND | $0.1953 | $0.6500 | 0.30x | — | — | $19.5M | |
 SynFuturesF | $0.003458 | — | — | — | — | $16.9M | |
 OrderlyORDER | $0.0391 | — | — | — | — | $16.0M | |
 saffron.financeSFI | $117 | — | — | — | — | $11.7M | |
 AvailAVAIL | $0.002623 | — | — | — | — | $10.6M | |
 CalderaERA | $0.0658 | — | — | — | — | $9.8M | |
 Ref FinanceREF | $0.0931 | $0.0457 | 2.0x | — | — | $8.9M | |
 HashflowHFT | $0.007068 | $0.2100 | 0.03x | — | — | $6.6M | |
 MyShellSHELL | $0.0240 | — | — | — | — | $6.5M | |
 RSS3RSS3 | $0.003848 | $0.1500 | 0.03x | — | — | $3.6M | |
 Ancient8A8 | $0.005406 | $0.0400 | 0.14x | — | — | $3.5M | |
 ParclPRCL | $0.006155 | — | — | — | — | $2.5M | |
 Ribbon FinanceRBN | $0.0265 | — | — | — | — | $1.8M | |
 SymbiosisSIS | $0.0167 | $0.2000 | 0.08x | — | — | $1.6M | |
 DerivaDAODDX | $0.0504 | $0.1760 | 0.29x | — | — | $1.3M | |
 Anchor ProtocolANC | — | $0.1000 | 0.04x | — | — | $1.2M | |
 HELLO LabsHELLO | $0.001113 | — | — | — | — | $814.2K | |
 SipherSIPHER | $0.004829 | $0.0600 | 0.08x | — | — | $552.2K | |
 ShrapnelSHRAP | $0.0001806 | — | — | — | — | $524.5K | |
 GelatoGEL | $0.001816 | $0.1450 | 0.01x | — | — | $512.8K | |
 BurrowBRRR | — | $0.0500 | 0.01x | — | — | $362.0K | |
 ARC GovernanceARCX | — | $0.7500 | 0.01x | — | — | $242.1K | |
 AurigamiPLY | $0.00004023 | $0.00475 | 0.01x | — | — | $166.0K | |
 PoolTogetherPOOL | $0.0166 | $14.46 | 0.00x | — | — | $112.6K | |
 TrisolarisTRI | $0.0001363 | — | — | — | — | $51.6K | |
 SpacemeshSMH | $0.000249 | — | — | — | — | $26.2K | |
 Taker ProtocolTAKER | — | — | — | — | — | $13.4K | |
 FinbloxFBX | — | $0.00156 | — | — | — | $11.0K |
Showing 60 of 114 — the rest fall below this market-cap range.
Entry price and ROI come from the source's data for this fund. Stage and date are derived by matching the entry price against the project's rounds; where there is no match, a dash is shown.
Funding rounds · 138
| Project | Stage | Raised | Valuation | Date |
|---|---|---|---|---|
 City Protocol (Cooking City) | pre-Series A | $4.0M | $40.0M | |
 Velocity Lead | Series A | $38.0M | $380.0M | |
| Venice Token Lead | Series A | $65.0M | $1.00B | |
 Variational Lead | Series A | $50.0M | $500.0M | |
 Megapot Lead | Pre-seed | $5.0M | $50.0M | |
 Rhythmic Lead | Seed Round | $4.0M | $40.0M | |
 Mesh Lead | Series C | $75.0M | $1.00B | |
 Rain | Series C | $250.0M | $1.95B | |
 HelloTrade Lead | Seed Round | $4.6M | $46.0M | |
| HELLO Labs | Funding Round | $4.6M | $46.0M | |
 ZAR | Funding Round | $12.9M | $129.0M | |
 Inversion Capital Lead | Seed Round | $26.5M | $265.0M | |
| USD.AI | Series A | $13.4M | $134.0M | |
 MyPrize | Strategic Round | $21.0M | $250.0M | |
 StablecoinX | PIPE | $360.0M | $3.60B | |
| AUSD | Series A | $50.0M | $500.0M | |
 Conduit Lead | Series A | $36.0M | $360.0M | |
 Perpl Lead | Funding Round | $9.2M | $92.5M | |
| ZAR Lead | Funding Round | $7.0M | $70.0M | |
 Codex Lead | Seed Round | $15.8M | $158.0M | |
 Hibachi | Seed Round | $5.0M | $50.0M | |
 Yeet Lead | Seed Round | $7.8M | $77.5M | |
 Level Lead | Strategic Round | $2.6M | $26.0M | |
 Slingshot | Funding Round | $16.0M | $160.0M | |
 August Lead | Series A | $10.0M | $100.0M | |
| DoubleZero Lead | Private Token Sale | $28.0M | $400.0M | |
| Ethena | Private Sale | $100.0M | $1.00B | |
 Polymarket | Funding Round | $150.0M | $1.20B | |
 fantasy.top Lead | Seed Round | $4.2M | $42.5M | |
| Avalanche Lead | OTC | $250.0M | $2.50B | |
| Variational | Seed Round | $10.3M | $103.0M | |
 commonware Lead | Funding Round | $9.0M | $90.0M | |
| Level Lead | Funding Round | $3.6M | $36.0M | |
 DAWN Lead | Extended Series A Round | $18.0M | $180.0M | |
| Caldera | Series A | $15.0M | $150.0M | |
 Dora Lead | Funding Round | $5.5M | $55.0M | |
 Prodia Lead | Seed Round | $15.0M | $150.0M | |
| MegaETH Lead | Seed Round | $20.0M | $200.0M | |
| Nexus | Series A | $25.0M | $250.0M | |
| Avail Lead | Series A Round | $43.0M | $430.0M | |
| Polymarket | Series B | $45.0M | $450.0M | |
 Arbelos Markets Lead | Seed Round | $28.0M | $280.0M | |
| AUSD Lead | Seed Round | $12.0M | $120.0M | |
| MyShell Lead | pre-Series A | $11.0M | $110.0M | |
| MyPrize Lead | Funding Round | $13.0M | $140.0M | |
 Morph Lead | Seed Round | $20.0M | $200.0M | |
| Avail Lead | Seed Round | $27.0M | $270.0M | |
| Ethena Lead | Seed Extension Round | $14.0M | $300.0M | |
| Polymarket | Funding Round | $55.0M | $350.0M | |
 Medallion Lead | Series A | $13.7M | $137.0M | |
 Galactic Holdings Lead | Series A | $6.2M | $62.5M | |
 Parallax Lead | Seed Round | $4.5M | $45.0M | |
 Sensible Lead | Funding Round | $3.8M | $37.5M | |
 FirstMate Lead | Funding Round | $3.8M | $37.5M | |
 Mahjong Meta Lead | Funding Round | $12.0M | $120.0M | |
| Ethena Lead | Seed Round | $6.5M | $65.0M | |
 Gondi | Seed Round | $5.3M | $53.5M | |
| Bitget Token | Funding Round | $10.0M | $100.0M | |
| DAWN Lead | Series A | $15.0M | $150.0M | |
| Kaito Lead | Seed Round | $5.3M | $53.0M | |
| Monad | Seed Round | $19.0M | $190.0M | |
| Caldera | Funding Round | $9.0M | $90.0M | |
| ZKsync | Series C | $200.0M | $1.25B | |
| Aptos Lead | Strategic Investment | — | — | |
 Blowfish | Funding Round | $11.8M | $118.0M | |
 LI.FI | Funding Round | $5.5M | $55.0M | |
| Hashflow | Series A | $25.0M | $400.0M | |
 PartyDAO | Seed Round | $16.4M | $164.0M | |
| Orderly Lead | Strategic Round | $20.0M | $200.0M | |
| Parcl | Strategic Round | $7.5M | $75.0M | |
| Bitget Wallet Lead | Series A | $15.0M | $100.0M | |
 LiquiFi Lead | Funding Round | $5.0M | $50.0M | |
 bloXroute | Series B | $70.0M | $700.0M | |
| Shrapnel | Funding Round | $7.0M | $70.0M | |
| Trisolaris | Seed Round | $4.5M | $45.0M | |
| NEAR Protocol | Funding Round | $350.0M | $3.50B | |
 Ethlas Lead | Extended Seed Round | $6.0M | $60.0M | |
| ApeX Lead | Seed Round | — | — | |
| Ribbon Finance | Venture Round | $8.8M | $88.0M | |
| Finblox | Private Round | $3.9M | $15.6M | |
| Parcl | Seed Round | $4.1M | $41.0M | |
| Burrow Lead | Seed Round | $5.0M | $50.0M | |
 InfStones | Series B | $33.0M | $330.0M | |
| Ref Finance | Strategic Round | $4.8M | $48.0M | |
| Aurigami Lead | Strategic Round | $9.5M | $47.5M | |
| NEAR Protocol | Funding Round | $150.0M | $1.50B | |
 Dune Analytics | Series B Round | $69.4M | $694.2M | |
| Ancient8 Lead | Seed Round | $4.0M | $40.0M | |
 DeBank | Venture Round | $25.0M | $250.0M | |
| Sanctum Lead | Seed Round | $5.8M | $57.5M | |
| Sanctum Infinity Lead | Seed Round | $5.8M | $57.5M | |
 Paradigm | Series A | $35.0M | $400.0M | |
| Gravity (prev. GAL) Lead | Backers | $10.0M | $100.0M | |
| RSS3 | Private Sale | — | $150.0M | |
| Galxe Lead | Growth Backer Round 1 | $10.0M | $100.0M | |
 ConsenSys | Series C | $200.0M | $3.20B | |
| ZKsync | Series B | $50.0M | $500.0M | |
| Solend | Seed | $6.5M | $65.0M | |
| Aurora | Private Round | $12.0M | $130.0M | |
 FIAT DAO Token | Seed Round | $2.0M | $20.0M | |
| Symbiosis | Seed | $2.0M | $20.0M | |
 DeHorizon Lead | Seed Round | $8.5M | $85.0M | |
| Taker Protocol | Funding Round | $3.0M | $30.0M | |
| Sipher | Seed Sale | $6.8M | $60.0M | |
| Gelato Lead | Series A | $11.0M | $110.0M | |
| Ref Finance | IDO Round 3 | $179.2K | $10.2M | |
| Dune Analytics | Series A Round | $8.0M | $80.0M | |
| Axelar | Series A | $25.9M | $213.0M | |
| ARC Governance Lead | Phase 3 Sale | $1.3M | $75.0M | |
| Avalanche | Venture Round | $230.0M | $2.30B | |
| Lido DAO | Funding Round | $22.0M | $220.0M | |
| PoolTogether | Treasury Diversification | $6.0M | $144.6M | |
 BitDAO Lead | Private Sale | $230.0M | $4.60B | |
 Coin Metrics | Series C | $35.0M | $350.0M | |
| Hashflow Lead | Seed Round | $3.2M | $20.0M | |
| BENQI | Private Sale | $6.0M | $39.6M | |
| Anchor Protocol | Private Sale | $20.0M | $100.0M | |
 Opyn Squeeth | Series A | $6.7M | $67.0M | |
| ZKsync | Series A | $6.0M | $60.0M | |
| saffron.finance Lead | Seed Round | $2.0M | $20.0M | |
| SynFutures | Seed Round | $1.4M | $14.0M | |
 CoFiX | Seed Round | $500.0K | $5.0M | |
| Mina Protocol | Strategic Round (unlocked) | $6.6M | $250.0M | |
| Mina Protocol | Strategic Round (locked) | $4.3M | $150.0M | |
| Siacoin | Seed Round | $3.0M | $30.0M | |
| Dune Analytics Lead | Seed Round | $2.0M | $20.0M | |
| 1INCH | Seed | $2.8M | $28.0M | |
| Opyn Squeeth Lead | Seed Round | $2.2M | $21.6M | |
| Numeraire | Series C | $3.0M | $30.0M | |
| DerivaDAO | Investment Round | $2.7M | $17.6M | |
| Avalanche Lead | Private Sale | $12.4M | $360.0M | |
| Coin Metrics | Series A | $6.0M | $60.0M | |
| ZKsync | Seed Round | $2.0M | $20.0M | |
| WOO Lead | Seed Round | $10.0M | $114.0M | |
| Coin Metrics | Seed Round | $1.9M | $19.0M | |
 Maker Lead | Seed Round 3 | $27.5M | $500.0M | |
| dYdX | Series A | $10.0M | $100.0M | |
 Gauntlet | Seed Round | $2.9M | $29.0M |
Focus areas
Blockchain8
DeFi5
Infrastructure5
Artificial Intelligence (AI)4
Web 3.03
Coinlist Launchpad2
Ethereum Ecosystem2
Co-investors
Coinbase Ventures11 shared
YZi Labs (prev Binance Labs)7 shared
Andreessen Horowitz (a16z)6 shared
Naval Ravikant6 shared
Pantera Capital6 shared
Electric Capital6 sharedFunds that most often back the same projects.