Dragonfly Capital
Fund snapshot
- Lookout tier
- Tier 1
- Lookout score
- 87/100
- AUM
- $4B
- Vintage
- 2018
- Check size
- $1M – $30M
- Stage
- Seed, Series A
- Role
- Leads rounds
Lookout's read
How Lookout reads this fund.
Asia + US hybrid coverage gives them deal flow most US-only funds simply never see. Strong agent-infra posture through 2026. Read their public letters for the next macro call — they tend to be early to cross-border narratives.
Research Coverage
Lookout profiles this fund based on publicly available information. This does not constitute an endorsement or a commercial relationship.
Fund thesis
What they back.
Global crypto VC (US + Asia) increasingly focused on financial infrastructure — stablecoins, payments, and DeFi/CeFi convergence — over speculative consumer Web3.
Portfolio
Notable bets · 6
4 with realized tokens or exits
Polymarket
Ethena
MegaETH
Pendle
Kaito
Avalanche
In their orbit
Deals Lookout covers.
Team
Who runs the capital.
Co-investors
Who they ride with.
Facts public-source · tier & read are Lookout judgment · profile updates continuously