Dragonfly Capital fund
Overview
Dragonfly is a global crypto-native venture firm with roughly eight years of investing in the sector, led by Managing Partners Haseeb Qureshi and Bo Feng, with General Partners Tom Schmidt and Rob Hadick and partners Gengmo Qi and Omar Kanji. It writes cheques of $3 million to $30 million and above, investing from seed through Series B and beyond, and has backed over 100 portfolio companies spanning layer-1 and layer-2 protocols (Monad, MegaETH, Near), DeFi (dYdX, Compound), infrastructure and data (Dune Analytics, Polymarket) and stablecoins (Ethena, Agora, Rain). The firm operates from offices in New York City and Singapore and describes its team as deeply technical crypto-natives. Its business now extends beyond venture: Dragonfly runs Dragonfly Liquid, a liquid strategy, and has acquired Metastable — one of the longest-running crypto funds, co-founded in 2014 by Naval Ravikant — which it now operates as a hedge fund alongside the venture arm. Dragonfly has invested in crypto for about eight years and expanded from pure venture into liquid and hedge fund strategies, including the acquisition of Metastable, a fund co-founded in 2014 by Naval Ravikant.
Within the DeFi Intel graph, Dragonfly Capital connects to 12 tracked entities, most strongly to Haseeb Qureshi, Tom Schmidt, United States.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 12 total).
| Relation | Connected entity | Confidence |
|---|---|---|
general_partner_of | Haseeb Qureshi | 95% |
general_partner_of | Tom Schmidt | 90% |
headquartered_in | United States | 85% |
backed_by | Rocket Pool | 70% |
invested_in | Offchain Labs | 70% |
invested_in | StarkWare | 70% |
invested_in | Matter Labs | 70% |
invested_in | LayerZero | 70% |
invested_in | Ethena Labs | 70% |
invested_in | Monad Labs | 70% |
Frequently asked questions
What is Dragonfly Capital?
Dragonfly Capital is a crypto_vc tracked in the DeFi Intel knowledge graph. It is connected to 12 other tracked entities, most strongly to Haseeb Qureshi, Tom Schmidt, United States.
What type of entity is Dragonfly Capital?
Dragonfly Capital is classified as a crypto_vc (fund) in the DeFi Intel knowledge graph.
What is Dragonfly Capital connected to?
In the DeFi Intel knowledge graph, Dragonfly Capital is linked to 12 other tracked entities, most strongly to Haseeb Qureshi, Tom Schmidt, United States.
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