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Investor profile

Dragonfly Capital Partners

Venture Capital · Founded 2018 · San Francisco, United States

Crypto-centered investment firm

101 portfolio companies Venture Capital · $3.4B invested · 129 investments · Investor rank #887 · Last investment 3/2026
Portfolio companies 101 ↑ 149% 5y
Decacorns 2 ↑ 100% 5y
Thoroughbreds 3 ↑ 50% 5y
01 · Biggest holdings

Dragonfly Capital Partners’ biggest current holdings.

The most valuable companies Dragonfly Capital Partners still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Dragonfly Capital Partners directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 PolymarketDecacorn · Fintech · USA 3% $15.0B $270M
  2. 2 CrusoeDecacorn · Energy · USA $10.0B
  3. 3 StarkWare IndustriesUnicorn · Fintech · Israel $8.0B
  4. 4 AVA LabsUnicorn · Security · USA $5.2B
  5. 5 Anchorage DigitalUnicorn · Fintech · USA $4.2B
  6. 6 Amber GroupUnicorn · Fintech · Singapore $2.9B
  7. 7 1inch NetworkUnicorn · Fintech · British Virgin Islands $2.2B
  8. 8 PolygonUnicorn · Fintech · Cayman Islands $2.0B
  9. 9 Babel FinanceUnicorn · Fintech · Hong Kong $2.0B
  10. 10 RainUnicorn · Fintech · USA $1.9B
  11. 11 MatrixportUnicorn · Fintech · Singapore 6.5% $1.5B $98M
  12. 12 TaxBitUnicorn · Fintech · USA $1.3B

Estimated value = Dragonfly Capital Partners’ disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Dragonfly Capital Partners also appears inside investor groups in Amber Group, ConsenSys, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Portfolio analysis

Where Dragonfly Capital Partners’ portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 101 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA75
  2. Singapore14
  3. Cayman Islands6
  4. UK4
  5. Hong Kong3
  6. British Virgin Islands2
  7. China2
  8. Germany2
  9. India2
  10. Israel2
  11. Philippines2
  12. Australia1
By sectorCount
  1. Fintech87
  2. Enterprise Software21
  3. Gaming12
  4. Media6
  5. Security4
  6. Energy2
  7. Marketing2
  8. Robotics2
  9. Transportation2
  10. Food1
  11. Hosting1
  12. Jobs Recruitment1
By stage enteredCount
  1. Seed62
  2. Series A23
  3. Series B+12
By growth stageCount
  1. Early Growth68
  2. Breakout Stage49
  3. Late Growth19
  4. Mature1
03 · Portfolio market map

Inside Dragonfly Capital Partners’ portfolio.

The 60 highest-funded portfolio companies, of 101 tracked.

Polymarket
Fintech · Decacorn
$15B
Crusoe
Energy · Decacorn
$10B
Amber Group
Fintech · Unicorn
$2.9B
AVA Labs
Security · Unicorn
$5.3B
Near Protocol Project
Fintech · Unicorn
$1.4B
Anchorage Digital
Fintech · Unicorn
$4.2B
Avalanche Treasury Co
Fintech
$675M
Polygon
Fintech · Unicorn
$2.0B
Rain
Fintech · Unicorn
$1.9B
StarkWare Industries
Fintech · Unicorn
$8.0B
Matter Labs
Enterprise Software
$800M
TaxBit
Fintech · Unicorn
$1.3B
1inch Network
Fintech · Unicorn
$2.3B
MobileCoin
Fintech · Unicorn
$1.0B
Matrixport
Fintech · Unicorn
$1.5B
Babel Finance
Fintech · Unicorn
$2.0B
dYdX
Fintech
$260M
Axelar
Enterprise Software · Unicorn
$1.0B
BloXroute Labs
Fintech
$280M
Dune Analytics
Fintech · Unicorn
$1.0B
Ethena
Fintech
$120M
Avail
Enterprise Software
$172M
Celo
Fintech
$150M
Coin Metrics
Fintech
$100M
Agora
Fintech
$200M
Variational
Fintech
$200M
WOO Network
Fintech
$150M
MakerDAO
Fintech
$60M
SHRAPNEL
Gaming
$78M
ErisX
Fintech
$80M
Oasis Labs
Fintech
$180M
Skolem
Fintech
$80M
Metastreet
Fintech
$100M
SynFutures
Fintech
$88M
Paradigm
Fintech
$400M
DeBank
Fintech
$200M
Nexus Laboratories
Security
$100M
MyPrize
Gaming
$250M
Compound
Fintech
$100M
Spacemesh
Enterprise Software
$60M
MyShell
Media
$64M
Bitget
Fintech · Unicorn
$1.0B
VelaFi
Fintech
$80M
Thesis
Fintech
$84M
Metatheory
Gaming
$113M
DoubleZero Foundation
Enterprise Software
$400M
Nervos
Fintech
$112M
Tagomi Systems
Fintech
$48M
Entropy
Fintech
$100M
Inversion
Fintech
$106M
Commonwealth Labs
Fintech
$80M
Caldera
Robotics
$60M
Juno
Fintech
$72M
Gelato Network
Enterprise Software
$44M
Medallion
Music
$55M
Onekey
Fintech
$80M
Anchor
UK
Skolem Labs
Fintech
$80M
SlingShot DAO
Gaming
$64M
USD.AI
Fintech
$65M
04 · Portfolio founders

Where Dragonfly Capital Partners’ portfolio founders come from.

112 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States57
  2. Singapore9
  3. Israel5
  4. Hong Kong4
  5. India4
  6. United Kingdom4
  7. British Virgin Islands2
  8. Canada2
  9. Cayman Islands2
  10. China2
UniversityCount
  1. Princeton University6
  2. Columbia University4
  3. Stanford University4
  4. University of California, Los Angeles3
  5. University of Michigan3
  6. Birla Institute of Technology and Science, Pilani2
  7. Boston University2
  8. Dartmouth College2
  9. Massachusetts Institute of Technology2
  10. Northwestern University2
Previous companyCount
  1. Alphabet | Google4
  2. Goldman Sachs3
  3. Meta3
  4. Microsoft3
  5. Morgan Stanley3
  6. Circle2
  7. Docker2
  8. Docker Hub Registry2
  9. Genesis Global Trading2
  10. IBM2