Dragonfly Capital is a global crypto fund that partners with crypto founders in all stages of development, from seed to Series C, to liquid tokens. Dragonfly indicated that it doesnt expect the offering to remain open for more than one year. Dragonfly has acquired renowned cryptocurrency hedge fund . Dragonfly Capital has made 14 investments. Daily Crunch: With just $2.2B in remaining liquidity, SVB's parent company files for bankruptcy. Our investment in this category dates back to before the inception of Dragonfly: we were one of the . Previously, she worked as Head of People at Metagood and Paradigm, and sole People and Ops Manager for Stellar Development Foundation. Michal holds a degree in Psychology (Magna Cum Laude) from Penn State University where she graduated with honors. Crypto-focused venture firm Dragonfly acquires hedge - Cointelegraph It launched its first ecosystem project, xSpend, in January 2022, allowing users to spend their GameFi tokens and stablecoins to pay utility bills, buy mobile credits, and purchase goods and services using only their Metamask, Phantom, or Ronin wallet. Previously she led China and US technology investing at various hedge funds. With Fund III, we can back teams throughout their lifecycle and new founders as their companies mature., Read more: A16z Forms Crypto Research and Coding Unit to Help Web 3 Startups. Santiago mc. UNI Price Forecast 2023: Can Uniswap (BITSTAMP: UNI) Comeback? The firm at first wanted to raise $500 million, as indicated by a documenting with the U.S. That main difference with Dragonflys effort: The crypto market is currently a sea of red. Hildebert is a Data Scientist. Funds managed by Dragonfly Capital and its subsidiaries are only available to accredited investors. Irfan went on to say that the self-imposed quarantine was his own initiative to make sure that he and his family members, who had lived with him in Beijing, were not infected with the 2019-nCoV virus. In April, Dragonfly closed its third fund, with $650 million in committed capital to invest in blockchain and crypto companies creating "new digital economies." The same month, Brevan Howard . Fiera Capital UK Limited . Mikh holds degrees in Organizational Behavior from Cornell University and Computer Science from Lehigh University. Request for Crypto Startups - Medium Dragonfly Capital has 3 team members, including current Founder, Managing Partner, Don W Millen. The average global late-stage VC valuations, meanwhile, dropped 14% to $697.6 million. WERE CRYPTO-NATIVES WHO HAVE BEEN INVESTING AND BUILDING FOR 10+ YEARS. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. {"search": "/search", "clicked": "/clicked", "portfolio_add": "/portfolio-add", "portfolio_remove": "/portfolio-remove", "portfolio_create": "/portfolio-create", "portfolio_activate": "/portfolio-activate", "portfolio_delete": "/portfolio-delete", "portfolio_rename": "/portfolio-rename", "portfolio_color": "/portfolio-color", "home_filter": "/home-filter", "htmlspeed": "/htmlspeed", "add_tag_firm": "/add-tag-firm", "add_tag_click": "/add-tag-click", "copy_aum": "/copy-aum", "stripe_checkout": "/stripe-checkout", "update_card": "/update-card"}, {"uid": 55689446, "pid": -1, "pid_a": [], "name": "", "email": "", "blacklist_f": false, "paywall_f": false, "paywall_n": 0, "random_n": 0}, 2022-03-10 Dragonfly Capital Leads $13M Round for DeFi - Yahoo Finance Tom holds a degree in Computer Science from Stanford. The funds partners have invested in crypto assets since 2015 and have guided companies through a rapidly-evolving landscape. Its like investing in crypto without understanding technology is like investing in biotech without understanding biology. Dragonfly Capital raises fresh funds worth $650 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, Sequoia China, Invesco, US pensions, and sovereign wealth funds. Matt holds a BS in Finance and Real Estate from The Wharton School of the University of Pennsylvania. Have a confidential tip for our reporters? By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. Dragonfly Capital Secures $650M for Third Crypto Fund ($0.0 MM Offered, $0.0 MM Sold). What financial advisors need to know about crypto. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Dragonfly Capital is an investment banking firm headquartered in Charlotte, North Carolina. She holds a degree in Mathematics from Dartmouth and an MBA from Stanford University. By signing up you agree to receive content from us. Previously she led development at DCG and post-investment at FFF. Lisa is Head of People. Sylvia is Chief Financial Officer. The fund was an early . Brevan Howard Asset Management is taking over a long-short hedge fund run by Dragonfly Capital, a crypto investment firm, in the latest sign of its push into digital assets. Contact Details Address: 1310 South Tryon Street, Suite 109 Charlotte, NC 28203 United States Phone/Fax: Phone: 704-342-491 Fax: 704-342-750 Other Contact Details: Investing is all about looking into the future. Gordon is the Founder and CEO at General Mining Research, investing in computing power and related infrastructure to support Web3 and AI. Hear the latest economic, business and market news, as well as global, national, and local news. Elicia holds a BCom degree from The University of Sydney and an MBA from Nanyang Technological University. XLD Finance , a borderless decentralised ecosystem that provides financial tools to emerging economies, announced Wednesday that it has successfully raised $13 million during the pre-Series A funding round led by Dragonfly Capital and Infinity Ventures Crypto (IVC). Chase is a Venture Partner. Yiting is a Portfolio Accountant. [They] are scrambling to figure out how to retool themselves and start understanding how this paradigm shift coming from the crypto industry will affect what they do and how they run their businesses., Its really clear that the whole world now realizes how important this industry is, Qureshi said. Dragonfly has raised over $300 million across two funds. He brought the first generation of Chinese Internet companies public on the NASDAQ and founded some of the leading Internet focused Chinese VC firms. News and analysis for the professional investor. Dragonfly Capital Raises $650M for Third Crypto Fund - CoinDesk Prior to joining Dragonfly, Matt worked at Kohlberg & Co., Lazard, Talon Private Capital and Freestone Capital. Brandy covered crypto-related venture capital deals for CoinDesk. She holds an MBA from Murdoch University and a Bachelors degree in Accounting and Finance from University of London. Dragonfly intends to concentrate its ventures across all phases of blockchain and crypto-local organizations, conventions, and tokens. Dragonfly will build on the team's investment track record and its global, technologist first approach to investing in crypto companies. The transformation of value in the digital age. But Dragonfly will continue to invest in those areas, as well as decentralized finance, smart contracts, NFTs, the metaverse and other sectors in the crypto ecosystem, he said. Dragonfly Capital Partners Fund Manager Profile | Preqin Previously she worked at a litigation funding firm, health care start-up, and law firm. Dragonfly has raised over $300 million across two funds. Dragonfly Capital Corp | AUM 13F Eileen is a Business Operations Associate. It is supported by Animoca Brands, Digital Currency Group, Circle, SEGA, and more. Crypto wallet BitKeep announced Wednesday the close of a $15 million Series A round at a $100 million post-money valuation. In doing so, Dragonfly dropped the word. Fund AUM and Sold ($) 25 20 15 10 5 0 2011 2015 2019 2023: Fund Details; Director: Custodian: Auditor: Marketer: Broker: Jurisdiction: Directors 2011 - 2019; Eric Boehnke: Anthony Deuters: The crypto market is indicating that things are not pulling back as assets and financial backers the same keep on conveying gigantic measures of capital into the environment. Dragonfly Capital Corp - Fund Information and Directors. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Previously, he was a Senior Protocol Engineer at 0x, with a focus in smart contract architecture, security, on-chain analysis, and DeFi protocols. Dragonfly Capital - HedgeFundJobList With its comprehensive product, BitKeeps next step is to serve a more global user base and is poised to become one of the leading Web 3.0 gateways, said Dragonfly Capital Partner Mia Deng in the press release. Headquarters Location 345 Sharon Township Lane Suite 202 Charlotte, North Carolina, 28211, United States 704-342-3491 Suggest an edit Want to inform investors similar to Dragonfly Capital about your company? The firm initially planned to raise $500 million, according to a filing with the U.S. Securities and Exchange Commission in January 2022. Theres significantly more premium in crypto speculations from customary VCs or crypto VCs, yet in addition conventional establishments that are presently getting into crypto ventures since they understand how significant this stuff is. Founders Bo Feng, Haseeb Qureshi. The round saw participation from Advance AI, Circle, Digital Currency Group (DCG), IDG Capital, Insignia Venture Partners, Integra Partners, Morningstar Ventures, Openspace Ventures, Sfermion, Shima Capital, Transcend Fund, TrustToken (TUSD), UOB Venture Management, Woo Network, Yield Guild Games (YGG), YOLO Ventures, Emfarsis and twenty other investors, XLD Finance said in a statement. The most recent was the Dragonfly Ventures Fund II, which launched in late 2020 with a target of raising $200 million. The latest moves in crypto markets, in context. Bryan holds a JD and MBA in Finance from Fordham and a BS in Finance from the Kelley School of Business at Indiana University. SAN FRANCISCO and NEW YORK, May 9, 2022 /PRNewswire/ --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. Nadia holds degrees in International Relations from San Francisco University and the London School of Economics and Political Science. This investment - Venture Round - NEAR - was valued at $7.8M. Dragonfly Capital is an investment banking firm headquartered in Charlotte, North Carolina. Dragonfly Capital is an investment banking firm operating from Charlotte, North Carolina and Charleston, South Carolina. Previously, Xinyi has worked as a Fund Accountant at IQ EQ Fund Services (HK) Ltd. and StateStreet Fund Services (HK) Ltd. with six years experience in PE/VC fund administration. FOUNDED IN 2018, DRAGONFLY BRINGS ACCESS AND INFLUENCE TO HELP CRYPTO TEAMS WITH GLOBAL ASPIRATIONS FIND INNOVATION AND ADOPTION ANYWHERE. (Getty Images). Dragonfly backs your favorite crypto projects. Limited accomplices included worldwide venture goliaths Tiger Global, KKR and Sequoia China, among others. Bryan is Legal Counsel. The Dragonfly Ventures III Feeder fund has a $500 million target and hasnt accepted its first investment yet. Our . Previously, she also held the position of General Counsel at Ceyuan Ventures. What financial advisors need to know about crypto. Trade Idea 3: Buy the September/October 100 Call Calendar ($1.50) while selling the October 80 Put (95 cents). Its a humble creature, but the dragonfly has one of the highest hunt success rates in the animal kingdom. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Furthermore, in the span of a year, his firm sent off its first asset with a speculation group comprised of a modest bunch of ex-nerds from PC researchers to coders, Qureshi said. The digital assets arm of traditional finance giant Brevan Howard has hired a new portfolio manager, Dragonfly Capital veteran Kevin Hu. Dragonfly Capital is an asset management firm managing money for clients in separate accounts and pu The venture capital firm recently joined the $150 million funding round for the Near blockchain. This month, XLD Finance is launching OmniX, a crypto disbursement platform that simplifies crypto disbursements allowing guilds and projects to pay thousands of people with crypto in three clicks. 34 were here. Zack holds a BA in English Rhetoric and Composition from Pepperdine University. We havent consistently had the assets to lead further adjusts and twofold down in groups we trust in, Schmidt said. The funding will help BitKeep develop a cross-chain decentralized autonomous organization (DAO) to give ecosystem ownership to wallet users. CBI websites generally use certain cookies to enable better interactions with our sites and services. Dragonfly Capital is a private equity company based in Charlotte, NC. Previously, he was a corporate and technology transactions attorney at Goodwin where he represented a wide variety of startups and VC firms. Industries. Dragonfly recently raised over $650 million for its new investment fund. Established in 2018, Dragonfly Capitals venture portfolio incorporates savvy contracts stage Avalanche, layer 1 blockchain stage Near Protocol, DAI token maker MakerDAO and zkSync maker Matter Labs, among others. Will it be enough to spook prospective investors? Dragonfly Capital has made 32 investments. Brevan Howard Digital Takes Over Dragonfly Capital Crypto Fund (BH Previously, she was an attorney at Gunderson Dettmer where she represented a wide variety of emerging growth companies throughout their lifecycles as well as VC firms. Previously he was a GP at Meta Stable Capital. The new Dragonfly Ventures III asset dramatically increases the $300 million brought up in the associations earlier two assets consolidated. Since initiation, we have generally supported pioneers at earliest stages, and kept on maneuvering our portfolio organizations into later stages. Kadin is a Junior Partner. Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley. Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund, according to a new regulatory filing. Srettha Poised to Win Thai PM Vote With Senate Support, The Latest AI Scams Lookand SoundJust Like You: Big Take Podcast, Norways Economy Grinds to a Halt After Year of Growth, UKs Slower-Than-Expected Borrowing Leaves Room for Tax Cuts, Getir to Slash 10% of Global Workforce as Fast Delivery Stumbles, A Bumpy Ride at Monterey Car Auctions, Despite Million-Dollar Ferraris, Baidu Sales Beat Estimates in Good Sign for Internet Economy, Microsoft Concedes Activision Cloud Streaming Rights to Ubisoft, China Fines US Due Diligence Firm for Illegal Data Collection, Deepfake Imposter ScamsAre Driving a New Wave of Fraud, SoftBanks Arm Files for IPO That Is Set to Be 2023s Biggest, Thaksin Ally Srettha Elected as New Thai PM, Ending Three-Month Political Impasse, US Commerce Secretary Gina Raimondo Will Visit China Next Week, CEO Pay Jumps 16% in UK But Remains Below Pre-Covid Levels, Goldman Sachs Plans to Undo Another Solomon Deal Chasing Mass Market, Traditional stone carvers chisel on despite loss of quarries in village swallowed by Mexico City, Goodbye to the Bull Market for US Treasury Bonds, Americas Export ofGun Violence Is a Bipartisan Outrage, Barbie Takes On the Men and the Real World, Drug Benefit Firms Devise New Fees That Go to Them, Not Clients, Never Mind Shrinking Households, Builders Are Adding Bedrooms, Amazon Illegally Called Police on Employees, Restricted Union Talk, Labor Board Alleges, NZ Doctors Plan Unprecedented Strike as Pay Offer Lags Inflation, Insured Losses From Natural Catastrophes Set to Top $100 Billion, Germany Seen Overestimating Its Climate Protection Efforts, Wildfire Smoke Threatens to Wipe Out Decades of Air Pollution Progress, NYC Congestion Pricing Board Tackles Tough Job of Deciding Wholl Be Exempt, Maui Wildfires Show That Risk Is Ubiquitous Now, Bitcoin Extends Losses as Global Jump in Bond Yields Deters Dip Buying, Crypto Startup Aims to Tokenize Stocks by Playing by the Rules, Sam Bankman-Fried Wants Weekly Jail Release to Prepare Defense Case. Read more: MakerDAOs Rune Christensen Joins VC Firm Dragonfly Capital. Previously, she was the first legal counsel at Stellar. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Hello, friends, and welcome to . The new fund enhances the firm's capacity to invest across all stages of blockchain and cryptocurrency companies, native protocols, and tokens that seek to create new digital economies. Patrick is Due Diligence Manager. Dragonfly Capital Partners - Fund Info - Crypto Fund Research He was also a researcher at Pronomos, investing in new cities. Youd be missing the core mechanics of what youre investing in.. Andreessen Horowitz is reportedly doubling down on its already-prodigious crypto war chest with a $4.5 billion target for a pair of new funds. Copyright 2023 CB Information Services, Inc. All rights reserved. He holds a degree in Mathematics-Statistics from Columbia University. Founded Date 2018. @ @ @ @ @ @ @@ @ @@ @@ @ @ @ @ @ @ @ @ @@ @ @@ @@ @ @ @ @ @ @@ @ @ @ @ ( #@ @ @@ @ , @ @ @ / @ @@ * @ @ @ @ @ @ @@.%% # @ @ @ @ @@ @@ % %@ & @ @ @ @ @@@ @@ @ @ @ @ @ @ @@ @ @@ @@ @ @ @@ @@ % @@. By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. Chen holds a BA in Law from China Foreign Affairs University and a Master of Laws degree from the University of Warwick. See open positions and apply today to be hand-matched to qualified roles. The transformation of value in the digital age. View the latest funds and 13F holdings. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. Dragonfly Capital - Investment Bank Company Info Description:Dragonfly Capital is a private equity company based in New York, NY. Since August 2021, IVC has over 150 portfolio investments, and has made numerous strategic investments into a diverse range of startups including Yield Guild Games (YGG) and the Japanese yen-pegged stablecoin, JPYC. Dragonfly Capital raises fresh funds worth $650 million site you are consenting to these choices. Analysis of Sendang Agropolitan Area Development, Tulungagung Previously, Michal was a Contracts Specialist at Bloomberg, where she assisted the firm in managing contracts and rapport with client executives. Its goal is to modernize the delivery and infrastructure of financial services to provide all users with simple and dependable financial tools built on decentralized technology. 2 min read. There is a lot of excitement in the crypto community and among investors around play-to-earn gaming, decentralized autonomous organizations (DAOs) infrastructure and web3 developer tooling, Qureshi said. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Headquarters. Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund, according to a new regulatory filing. Omar is a Junior Partner. Gordon is based in Singapore.

Where Do Ncssm Students Go To College, Articles D