Dragonfly previously raised $100 million in 2018, approximately $225 million in 2021, and $650 million in 2022 for its third fund,
Crypto News
Crypto venture firm Dragonfly Capital has closed its fourth fund at $650 million, one of the largest crypto VC raises during a period of broad market weakness. Managing Partner Haseeb Qureshi announced the close on Tuesday, acknowledging the difficult backdrop while arguing the timing mirrors the firm’s historically strong entry points.
Dragonfly previously raised $100 million in 2018, approximately $225 million in 2021, and $650 million in 2022 for its third fund, which targeted later-stage companies. The latest vehicle, originally targeting $500 million when announced in September, will focus on…
