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Dragonfly Capital Closes $650 Mn Crypto Venture Fund III

Dragonfly Capital Closes $650 Mn Crypto Venture Fund III

May 10, 20225 min

Firm to expand its global portfolio of early stage crypto and blockchain investments Dragonfly Capital (“Dragonfly”), a global crypto-focused investment firm, announced today the final closing of its third venture fund, Dragonfly Ventures III, L.P. (“Fund III”) with capital commitments from limited partners of $650 million, exceeding the Fund’s original target of $500 million. The oversubscribed fund was closed at its hard cap and received strong support from institutional limited partners including leading Ivy League endowments, KKR, Tiger Global,...

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