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The Venture Codex

Dragonfly

One Market Street, San Francisco, California, 94105, United States

Overview

Investment firm supporting opportunities in the decentralized economy.

Founded

2018

Deals ยท 12mo

12

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Singapore
United States

Sector focus

Business Development
Finance
Financial Services

Investment portfolio

132rounds
NAMEDATESIZE
City Protocol
Aug 2026Participated
$11 MSeed
Sapiom
Aug 2026Led
$35 MSeries A
Stabledash
Jul 2026Led
$38 MSeries A
Velocity
Jul 2026Led
$38 MSeries A
Venice
Jul 2026Led
$65 MSeries A
Variational
May 2026Led
$50 MSeries A
Megapot
Mar 2026Led
$5 MSeed
Dispersa
Mar 2026Participated
$4 MSeed
Rhythmic
Feb 2026Led
$4 MSeed
Mesh
Jan 2026Led
$75 MSeries C
Rain
Jan 2026Participated
$250 MSeries C
HelloTrade
Nov 2025Led
$5 MSeed
City Protocol
Aug 2026Participated
$11 MSeed
Sapiom
Aug 2026Led
$35 MSeries A
Stabledash
Jul 2026Led
$38 MSeries A
Velocity
Jul 2026Led
$38 MSeries A
Venice
Jul 2026Led
$65 MSeries A
Variational
May 2026Led
$50 MSeries A
Megapot
Mar 2026Led
$5 MSeed
Dispersa
Mar 2026Participated
$4 MSeed
Rhythmic
Feb 2026Led
$4 MSeed
Mesh
Jan 2026Led
$75 MSeries C
Rain
Jan 2026Participated
$250 MSeries C
HelloTrade
Nov 2025Led
$5 MSeed
132
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Dragonfly: 132 funding rounds are recorded in the selected participation categories.All available history.
Dragonfly: 132 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed2819
Series A1816
Series B07
Series C+21
Other Equity1622
ICO21

Monthly Deal Activity

Dragonfly: 132 deals are recorded across 97 months.All available history.
Dragonfly: 132 deals are recorded across 97 months. All available history
MonthDeals
Oct '182
Nov '180
Dec '180
Jan '190
Feb '191
Mar '190
Apr '191
May '191
Jun '190
Jul '192
Aug '190
Sep '190
Oct '191
Nov '190
Dec '190
Jan '201
Feb '202
Mar '200
Apr '200
May '200
Jun '202
Jul '200
Aug '201
Sep '202
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '213
May '212
Jun '210
Jul '211
Aug '211
Sep '216
Oct '213
Nov '211
Dec '212
Jan '224
Feb '225
Mar '222
Apr '221
May '227
Jun '223
Jul '224
Aug '220
Sep '221
Oct '224
Nov '222
Dec '222
Jan '231
Feb '234
Mar '234
Apr '232
May '231
Jun '230
Jul '234
Aug '231
Sep '231
Oct '230
Nov '230
Dec '231
Jan '240
Feb '242
Mar '243
Apr '241
May '242
Jun '244
Jul '243
Aug '242
Sep '240
Oct '240
Nov '240
Dec '243
Jan '250
Feb '250
Mar '255
Apr '250
May '252
Jun '250
Jul '252
Aug '252
Sep '250
Oct '250
Nov '251
Dec '250
Jan '262
Feb '261
Mar '262
Apr '260
May '261
Jun '260
Jul '263
Aug '262
Sep '260
Oct '260

Sector Breakdown

Dragonfly: Crypto & Blockchain is the largest displayed sector by deal count (106 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Dragonfly: Crypto & Blockchain is the largest displayed sector by deal count (106 deals). All available history
SectorDeals
Crypto & Blockchain106
Fintech62
Networks, Cloud & Communication17
Enterprise Software16
AI & Machine Learning11
Gaming & eSports11
Cybersecurity & Privacy8
Developer Tools8
Data, Analytics & IT7
Professional Services7
Social & Community Platforms6
Hardware & Robotics5
Media & Entertainment5
Marketing & Advertising4
AR/VR3
Clean Energy & Sustainability3
Space & Frontier Tech3
Health & Life Sciences3
E-Commerce & Retail2
Travel & Hospitality1
Education & Workforce1
Real Estate & Construction1

Deal Size Distribution

Dragonfly: 132 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Dragonfly: 132 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M30
$5M-$10M30
$10M-$25M32
$25M-$50M23
$50M-$100M7
$100M-$250M6
$250M-$500M4
$500M-$1B0
$1B+0

Deals By Geography

Dragonfly: United States has the largest recorded deal count among the displayed regions (72 deals).All available history.

Top 10 of 22 regions; European countries are grouped as Europe.

Dragonfly: United States has the largest recorded deal count among the displayed regions (72 deals). All available history
RegionDeals
United States72
Singapore13
Europe13
Canada6
Cayman Islands5
Hong Kong4
United Arab Emirates3
Vietnam2
018451
India1
Dragonfly: 20 co-investors are shown, with Coinbase Ventures sharing 21 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Dragonfly: 20 co-investors are shown, with Coinbase Ventures sharing 21 recorded deals. All available history
Co-investorShared deals
Coinbase Ventures21
Polychain Capital14
Pantera Capital11
Galaxy Digital9
ParaFi Capital9
Robot Ventures9
Alameda Research8
Mirana Ventures8
6th Man Ventures7
CMT Digital7
Lemniscap7
Paradigm7
Andreessen Horowitz6
Animoca Brands6
Electric Capital6
Hashed6
Jump Crypto6
Bain Capital Ventures5
Circle Ventures5
Ethereal Ventures5

Investment Strategy

Dragonfly: Led accounts for 50% and participating for 50% of round participation.All available history.
Dragonfly: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led6650%
Participating6650%
Dragonfly: Single-lead accounts for 55% and co-led for 45% of lead dynamics.All available history.
Dragonfly: Single-lead accounts for 55% and co-led for 45% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3655%
Co-led3045%

Team

Bo Feng

Managing Partner

Casey Taylor

Head of Portfolio

Dmitry Lapidus

Junior Partner

Haseeb Qureshi

Managing Partner

Ivan Bogatyy

Research Partner

Kadin Donohoe

Junior Partner and Investor

Rahul Bishnoi

Inestor and Junior Partner at Liquid Fund

Rob Hadick
Sylvia Liu

Financial Director and CFO

Tom Schmidt

Partner