Dragonfly Capital Partners Fund III

Dragonfly Capital Partners

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Status

ACTIVE

Global HQ

New York, United States

Countries of investment

United States
China
Singapore
Hong Kong
United Kingdom
Switzerland
Cayman Islands

Investment stages

Seed
Series A
Series B
Series C
Growth

Industries

Crypto
DeFi
Web3
Layer 1 Protocols
Trading Infrastructure
NFTs
GameFi
Asia Crypto
Stablecoins
AI x Crypto

About
Dragonfly Capital Partners is a New York-based crypto VC focused on global protocols and applications. Their focus spans DeFi, Layer 1 protocols, trading infrastructure, NFTs, GameFi, stablecoins, and AI x crypto across the United States, China, Singapore, Hong Kong, United Kingdom, Switzerland, and Cayman Islands. The firm supports crypto-native founders from Seed through Growth.

Min check size: $1M
Max check size: $25M
Fund size: Unlock
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Investment Thesis

Dragonfly Capital Partners is a multi-stage venture capital firm deploying capital across crypto, DeFi, Web3, Layer 1 protocols, trading infrastructure, NFTs, GameFi, and stablecoins sectors with deep US-Asia coverage. They invest in crypto-native founders building category-defining protocols and applications across global markets with a research-heavy approach. The firm differentiates itself through its unique US-Asia bridge model led by Haseeb Qureshi, $650M Fund III, deep Asia ecosystem expertise unmatched among US-based crypto VCs, and active liquid token fund alongside venture strategy.

Lead investor: Unlock
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Manager's Experience

Haseeb Qureshi (Managing Partner) leads Dragonfly Capital with deep crypto investing expertise from his prior role at Metastable Capital and as a software engineer at Airbnb; he is one of the most respected public voices in crypto investing through his Bell Curve podcast and writing. Tom Schmidt (Partner) brings deep technical and protocol expertise. The firm has built a $650M Fund III and $2B+ AUM across venture and liquid token strategies, with unique US-Asia bridge model unmatched among US-based crypto VCs.