Dragonfly
Global crypto investment firm backing teams from seed through Series B and later.
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Dragonfly key facts
| Category | Web3 venture firm |
|---|---|
| Platforms | Web |
| Company | Offices in New York City and Singapore; managing partners Haseeb Qureshi and Bo Feng |
What is Dragonfly?
Dragonfly is a global investment firm that backs researchers and builders working on money and markets. Its site lists offices in New York City and Singapore and checks of $3M to $30M+ from seed through Series B and beyond. Its fourth venture fund, Dragonfly Ventures IV, filed a Form D with the SEC on Nov 1, 2024.
How Dragonfly works
Dragonfly is organized as three arms under one brand: Dragonfly Ventures for private deals, Dragonfly Liquid for traded tokens, and Metastable, a crypto hedge fund co-founded in 2014 by Naval Ravikant that Dragonfly says it acquired.
Metastable was an early investor in Ethereum, Cosmos, Zcash and Filecoin, among others. That structure lets the firm hold a stake in a team through a private round and later trade the same asset once it lists.
The portfolio index sorts holdings into CeFi, DeFi, infrastructure, L1/L2, NFT and stablecoin buckets. Names on the page include Polymarket, Ethena, Monad, MegaETH, Dune Analytics, dYdX, Lido and Bybit. The team page lists managing partners Haseeb Qureshi and Bo Feng, general partners Tom Schmidt and Rob Hadick, a head of data science and a portfolio support partner for Asia.
How to start with Dragonfly
- Founders pitch through the contact form at dragonfly.com/contact: pick "Pitch" as the topic, add your company and a message.
- There is no public pitch email on the site.
- The firm says it likes teams tackling hard problems and writes "We love the weird stuff" on its portfolio page.
- It also runs a talent network and a portfolio job board, so candidates who want to work at a backed company can sign up there instead of pitching.
Risks to know before using Dragonfly
- For founders, Dragonfly's own research is a useful signal of how it thinks about US rules.
- Its State of Airdrops Report 2025 studied 12 airdrops held between 2019 and 2023, 11 of which blocked US users, to measure the cost of geoblocking Americans.
- If your token plan involves a US airdrop or a geoblock, expect that topic in diligence.
Dragonfly alternatives
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Where Dragonfly ranks on DappAtlas
Listed next to Dragonfly
- Variant Web3 venture firm
- a16z crypto Web3 venture firm
Dragonfly pros and cons
- Publishes a check range: $3M to $30M+
- Offices in New York and Singapore suit teams selling in the US and Asia
- No founding year stated on its homepage
- Not an investment you can buy: its funds are private and not offered to the public
Dragonfly FAQ
What is Dragonfly?
Dragonfly is a global investment firm that backs researchers and builders working on money and markets. Its site lists offices in New York City and Singapore and checks of $3M to $30M+ from seed through Series B and beyond. Its fourth venture fund, Dragonfly Ventures IV, filed a Form D with the SEC on Nov 1, 2024.
Sources
How this page works
Sources: Dragonfly: official site, Dragonfly: Homepage, Dragonfly: Contact. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.