About DRAGONFLY
DRAGONFLY is a venture capital firm founded in 2018. It is primarily based out of Oakland, United States. As of Mar 2026, DRAGONFLY is an active investor, having invested in 166 companies, with 8 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Seed round of Wilecho Overall, DRAGONFLY portfolio has seen 19 unicorns and 12 acquisitions including key companies like Consensys, Aptos and Amber Group. A lot of funds co-invest with DRAGONFLY, with names like Coinbase sharing a substantial percentage of its portfolio. DRAGONFLY has team of 10 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
Portfolio Unicorns
DRAGONFLY's List of Top Investments
DRAGONFLY has a portfolio of 166 companies, including 19 unicorns. Their most notable investments are in CoFiX and USDX.Their portfolio spans across United States, China, Singapore and 29 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 18 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by DRAGONFLY:
1. Consensys
Developer of blockchain and web3 software platform. Its product suite includes MetaMask, Infura, Linea, Truffle, Diligence, and an NFT platforms that supports users with building a dApp, an NFT collection, a portfolio, managing digital assets, and more.
Key facts about Consensys
- Founded Year: 2014
- Location: Fort Worth (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $725M
- Employee Count: 755 as on Mar 31, 2026
- Investors: Temasek, Next Round Capital and 56 Others
- Latest Funding Round: Series D, Nov 09, 2022, $*****
- Highlight: Editors' Pick
2. Aptos
Provider of protocols for building blockchain-based solutions. It offers users with a platform focused on building blockchain-based products and applications. It develops network tooling and ensures usability in order to offer the benefits of decentralization to the masses.
Key facts about Aptos
- Founded Year: 2021
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $350M
- Employee Count: 207 as on Mar 31, 2026
- Investors: Tiger Global Management, Franklin Templeton Investments and 31 Others
- Latest Funding Round: Series D, Sep 19, 2024, $*****
- Highlight: Editors' Pick
3. Polygon
Developer of scalable blockchain interoperability protocols. It offers a suite of solutions, including cross-chain protocols and zero-knowledge (ZK) rollups, designed to enhance the scalability and security of blockchain networks. These protocols enable seamless asset transfer and interaction across different blockchains, improving the overall user experience. The company also provides developer tools and resources to support the creation of decentralized applications (dApps) on its platform. It fosters a vibrant developer community and offers grant programs to encourage innovation within the ecosystem.
Key facts about Polygon
- Founded Year: 2017
- Location: George Town (Cayman Islands)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $451M
- Employee Count: 399 as on Mar 31, 2026
- Investors: World Capital Holdings Group, SoftBank Group and 62 Others
- Latest Funding Round: Series B, Feb 02, 2022, $*****
- Highlight: Editors' Pick
4. NEAR
Public blockchain network platform. The solution is a scalable smart contract platform that supports decentralized applications of any kind and enables the developers to build, test, and deploy applications that permissionless handle a wide range of digital assets.
Key facts about NEAR
- Founded Year: 2017
- Location: Zug (Switzerland)
- Stage: Series D
- Total Funding till date: $542M
- Employee Count: 156 as on Mar 31, 2026
- Investors: Tiger Global Management, A.Capital Ventures and 88 Others
- Latest Funding Round: Series D, May 10, 2022, $*****
- Highlight: Editors' Pick
5. Amber Group
Provider of blockchain-based financial solutions. It provides users with crypto-based financial services like payments, exchanges, and wallets. It also allows users to buy, sell, and trade digital currencies, including Bitcoin, Ripple, and Ethereum. It also offers collateralized loans across stable coins and multiple currencies. It also provides margin trading and OTC liquidity solutions.
Key facts about Amber Group
- Founded Year: 2017
- Location: Singapore (Singapore)
- Annual Revenue: $53.8K as on Sep 30, 2018
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $628M
- Employee Count: 628 as on Mar 31, 2026
- Investors: Temasek, Tiger Global Management and 31 Others
- Latest Funding Round: Series C, Dec 16, 2022, $*****
- Highlight: Editors' Pick
DRAGONFLY's Year-on-Year Investment Trends
DRAGONFLY has invested in 167 companies over the last 8 years, with an average of 24 new investments annually in the last 5 years. In 2025, it made 14 investments, while as of Mar 2026, it has made 4 investments in this year. Its most recent first time investment was in Wilecho and most recent follow-on round was in Rain.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 10 | 4 | 14 |
2024 | 15 | 7 | 22 |
2023 | 15 | 1 | 16 |
2022 | 45 | 10 | 55 |
2021 | 33 | 6 | 39 |
2020 | 10 | 0 | 10 |
2019 | 8 | 1 | 9 |
2018 | 2 | 0 | 2 |
DRAGONFLY's Investments by Stage
DRAGONFLY has made 85 investments in Seed stage with an average round size of $6.71M, 35 investments in Series A stage with an average round size of $15.7M, 14 investments in Series B stage with an average round size of $63.6M, 5 investments in Series C stage with an average round size of $114M and 2 investments in Angel stage with an average round size of $11.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 85 |
Series A | 35 |
Series B | 14 |
Series C | 5 |
Angel | 2 |
Note: We have considered here, only first round of investments
DRAGONFLY's Investments by Sector
DRAGONFLY has a diverse portfolio, with companies operating in the Blockchain Technology, FinTech, Blockchain - Industry Applications, High Tech and Enterprise Applications. Notably, it has invested in 150 Tech companies, 131 Blockchain companies, 106 Consumer (B2C) companies and at least 81 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 110 |
FinTech | 100 |
Blockchain - Industry Applications | 90 |
High Tech | 80 |
Enterprise Applications | 23 |
Others | 63 |
Note: We have considered here, only first round of investments
DRAGONFLY's Investments by Geography
DRAGONFLY has made most investments in United States (76), followed by United Kingdom where it has made 10 investments.Country | No. of Investments |
|---|---|
United States | 76 |
United Kingdom | 10 |
Singapore | 9 |
China | 8 |
Switzerland | 4 |
Others | 31 |
Note: We have considered here, only first round of investments
DRAGONFLY's recent investments
DRAGONFLY has made 4 investments in 2026 so far. Wilecho and Rhythmic are the latest among them.Here are the most recent investments by DRAGONFLY:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 27, 2026 | Belize | Seed | 4017 | [+1] | |
Feb 19, 2026 | United States | Seed | 4148 | [+1] | |
Jan 27, 2026 | United States | Series C | 5678 | [+5] | |
Jan 09, 2026 | United States | Series C | 9984 | [+7] | |
Nov 20, 2025 | United States | Seed | 2508 |
Unicorns in DRAGONFLY's Portfolio
DRAGONFLY has 19 unicorns in its portfolio - Rain, Polymarket, Monad Labs and others. The most recent unicorn in their portfolio is Rain. It became a unicorn in 2026.Here is a list of unicorns in DRAGONFLY's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
52 | Stablecoin-powered cards and payments infrastructure for a fluid financial system | 2021 | Brooklyn | Series C | qntbkno | ||
66 | Online platform providing crypto-based betting games and activities | 2020 | New York City | Series D | thdrgqf | ||
50 | Decentralized, developer forward layer1 smart contract platform | 2022 | New York City | Series A | akdiunw | ||
64 | Blockchain Research & Development Organization | 2020 | - | Series B | lbxofjp | ||
48 | Cryptocurrency-backed loans and deposit products and fund of funds | 2018 | Hong Kong | Series B | czpqrdk |
Acquired companies in DRAGONFLY's Portfolio
12 companies from DRAGONFLY's portfolio have been acquired. The most recent acquisition were Coin Metrics in Jul 2025 by Talos for $100M.Here are DRAGONFLY's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2025 | Feb 27, 2019 | Seed | 3895 | |
Jul 11, 2025 | Jun 22, 2020 | Seed | 5163 | |
Jan 31, 2025 | Oct 19, 2022 | Series A | 2039 | |
Jan 02, 2025 | May 08, 2024 | Seed | 6744 | |
Nov 20, 2024 | Sep 30, 2022 | Seed | 9541 |
Team profile of DRAGONFLY
DRAGONFLY has a team of 10 members including 3 Partners located in United States and Antarctica. DRAGONFLY's team does not sit on the board of any company as of now.Here is a list of all team members in DRAGONFLY:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | Antarctica | - | ||
Partner | New York City | - | - |
Co-investors of DRAGONFLY
Over the past 8 years, 1221 investors have co-invested in DRAGONFLY's portfolio companies. This includes funds and angels.
- Invested before DRAGONFLY: CMT Digital, Coinbase and 223 others have invested in rounds before DRAGONFLY. There are 3 companies where CMT Digital has invested before DRAGONFLY and 3 companies where Coinbase has invested before DRAGONFLY.
- Top Co-investors of DRAGONFLY: 666 investors entered a company along with DRAGONFLY. These include investors like Coinbase (19 companies).
- Invested after DRAGONFLY: A total of 330 investors have invested in DRAGONFLY's portfolio after their investments. Top Investors include Coinbase (7 companies), Wintermute (6 companies) and Paradigm (6 companies).
Recent News related to DRAGONFLY
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Mesh, a Plaid for Crypto, Secures $75 Million Funding at $1 Billion ValuationCrowdfund Insider•Jan 28, 2026•DRAGONFLY, Mesh, SBI Mutual Fund, Moderne Ventures and 7 others
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Rain Scores $250M Series CVC News Daily•Jan 09, 2026•Norwest, Rain, FirstMark, DRAGONFLY and 6 others
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Former BlackRock employees raise $4.6 million for HelloTradeCryptocurrency•Nov 20, 2025•Hello Trade, DRAGONFLY, Ethena, FalconX and 2 others
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Inversion Capital Secures $26.5M Seed to Integrate Private Equity Strategy into CryptoVentureburn•Sep 09, 2025•Latham & Watkins, HashKey, Mirana, VanEck and 5 others
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Rain Secures $58M to Enhance Global Stablecoin InfrastructurePYMNTS.com•Aug 28, 2025•Rain, Sapphire Ventures, DRAGONFLY, Galaxy and 5 others
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Twocents: New Social Media Platform Replaces Usernames with Net WorthNew York Post•Aug 04, 2025•DRAGONFLY, Starting Line, 2cents
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MyPrize Secures $21M in Funding Round at $250M ValuationNEXT.io•Jul 31, 2025•MyPrize, DRAGONFLY, Boxcar Partners, Dragonflyai
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DOJ Considering Charges Against Dragonfly Capital Staff for Tornado Cash InvestmentsE Topsaber•Jul 26, 2025•DRAGONFLY
