San Francisco – April 28, 2022 – A Cooley fund formation team advised Dragonfly Capital, a global crypto-focused investment firm, on the closing of its oversubscribed third venture fund, Dragonfly Ventures III, with $650 million in capital commitments.
The new fund enhances Dragonfly Capital’s capacity to invest across all stages of blockchain and cryptocurrency companies, native protocols and tokens that seek to create new economies.
“In Dragonfly Ventures III, we will double down on backing the next breakthroughs in crypto infrastructure, DeFi, smart contract scaling, and breakthrough consumer products like NFTs, crypto games, and DAOs,” Haseeb Qureshi, managing partner at Dragonfly Capital, said in a press release.
“With Dragonfly III, we’re looking forward to continuing to do what we love – working closely with founders at the very earliest stages to build generational companies in crypto – while now being able to support into later stages and beyond,” Tom Schmidt, general partner at Dragonfly Capital, said in the same press release.
Founded in 2018, Dragonfly Capital partners with crypto founders in all stages of development, from seed to Series D to liquid tokens. With its global team, Dragonfly Capital focuses on working closely with founders to solve their most pertinent problems on tech, product and go to market.
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