Dragonfly Capital


Finance

Dragonfly Capital Aims to Raise $500M Fund: Bloomberg

Dragonfly closed its third fund, worth $650 million, in April 2022, shortly before the onset of the crypto bear market.

Haseeb Qureshi, managing partner at Dragonfly, and Illia Polosukhin, co-founder of NEAR protocol (Shutterstock/CoinDesk)

Tech

MegaLabs, Behind the 'Real-Time' Blockchain, Raises $20M, Led By Dragonfly

The fresh round of capital will go towards building out the MegaETH protocol, with the aim of having a testnet go live in the next few months.

(MegaLabs)

Finance

Crypto Principal Trader Arbelos Markets Raises $28M Led by Dragonfly Capital

The trading firm aims to fill the gap left after crypto's credit meltdown two years ago and improve trust by offering a real-time overview of its risk exposure to clients, co-founder Joshua Lim said in an interview.

Joshua Lim on CoinDesk TV at Consensus 2022 (CoinDesk, modified)

Markets

'DePIN' Is Venture Capitalists' Latest Crypto Obsession. Can It Match the Hype?

DePIN involves taking real-world infrastructure like a wireless network and running it with a blockchain-powered system. VCs are salivating, but there aren't many customers yet.

globe held in someone's hand (Greg Rosenke/Unsplash, modified by CoinDesk)

Consensus Magazine

DeFi Needs More Than ‘Synthetic High-Yield Products’: Dragonfly’s Haseeb Qureshi

The venture capitalist discusses non-ZIRP monetary policy, rebooting crypto’s market structure and why Ponzi bubbles always burst.

Haseeb Qureshi, managing partner at Dragonfly, and Illia Polosukhin, co-founder of NEAR protocol (Shutterstock/CoinDesk)

Finance

Sequoia, Dragonfly Back Web3 Startup Caldera in $9M Rounds

The capital will go towards hiring, partnerships and integrations.

Game7 presenta un programa de ayuda de US$100 millones para juegos basados en blockchain. (Pixabay)

Finance

Brevan Howard Hires Dragonfly Capital Veteran as Digital Portfolio Manager

The traditional finance giant's pickup of Kevin Hu adds to a wave of senior hires for its digital assets arm.

The offices of Brevan Howard Asset Management in London, U.K. (Google)

Finance

FTX’s Collapse a Wake-Up Call for Venture Capitalists, Dragonfly Partner Says

Tom Schmidt noted that more discerning VCs didn't invest in the failed crypto exchange.

(Leon Neal/Getty Images)

Videos

What FTX Fallout Means for VC Funding in Crypto

In Q3 of this year, venture capitalist funding for crypto startups hit a new low in 2022, at roughly $5.5 billion in fundraising, according to Galaxy Digital. Dragonfly Capital Partner Tom Schmidt discusses the impact of crypto exchange FTX's collapse on the industry and outlook for investments in DeFi and NFTs amid crypto winter.

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