Dragonfly Capital Closes $650 Million Venture Fund

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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,500 lawyers across 17 offices in the United States, Asia and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.