dragonfly capital aum

Before GTAM, he invested and advised crypto and technology companies at PJT Partners, Goldman Sachs, and Heritage Partners. Their most recent investment was on Dec 19, 2022, when Revel.xyz raised $7.8M. The Dragonfly Ventures III Feeder fund has a $500. News Dragonfly Capital Secures $650M for Third Crypto Fund by Timothy Craig Apr. Rune is the founder of MakerDAO, the largest decentralized stablecoin in existence today. Head to consensus.coindesk.com to register and buy your pass now. The transformation of value in the digital age. 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. Previously, he interned at Insight Partners, Saber Protocol, and as a research analyst at UC Santa Barbara. Its core products include crypto-based payments, disbursements, and crypto-to-fiat offramp APIs which allows web3 and crypto projects to offer tools to their users typically available only to traditional financial institutions. Dragonfly Capital is an investment banking firm headquartered in Charlotte, North Carolina. Website. Sanat is a Junior Partner. 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? @ @ @ @ @ @ @@ @ @@ @@ @ @ @ @ @ @ @ @ @@ @ @@ @@ @ @ @ @ @ @@ @ @ @ @ ( #@ @ @@ @ , @ @ @ / @ @@ * @ @ @ @ @ @ @@.%% # @ @ @ @ @@ @@ % %@ & @ @ @ @ @@@ @@ @ @ @ @ @ @ @@ @ @@ @@ @ @ @@ @@ % @@. Contact Details Address:330 Madison Avenue, 6th FloorNew York, NY 10017United States Phone/Fax:Phone: 212-537-194 Other Contact Details:Website: Dragonfly Capital is an investment banking firm operating from Charlotte, North Carolina and Charleston, South Carolina. In general, 2022 is looking to be another hot year for crypto in terms of capital investments. Industries. Paradigm smashed records with a $2.5 billion fund announced in November. Prior, he was Lead Technical Recruiter at Heap and did engineering hiring at Dropbox and Google. Previously, she worked for Tishman Speyer, managing multiple properties in the Bay Area. Dragonfly and its partners have a long history of backing centralized crypto finance companies. To date, Dragonfly has invested in almost 60 companies through its previous funds launched in 2018 and 2021 for $100 million and $225 million, respectively. News and analysis for the professional investor. Before entering VC, she managed a 50k community of technologists for the worlds' largest Meetup group. 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. The Metascapes NFT: a Bridge Between Metaverse and Photography, Crypto Revolution Through Javier Win in Argentina Election. AUM: $1.9 BB (2023-03-30) Employees: 41 (34% Investors, 0% Brokers) Phone: 415-795-8868: Address: 66 Franklin St Oakland, CA 94607 . (Bruce Bennett/Getty Images) Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund . Dragonfly Capital has 3 team members, including current Founder, Managing Partner, Don W Millen. 11-50 employees. dragonfly.xyz. This investment - Venture Round - NEAR - was valued at $7.8M. Dragonfly recently raised over $650 million for its new investment fund. The most recent was the Dragonfly Ventures Fund II, which launched in late 2020 with a target of raising $200 million. It is supported by Animoca Brands, Digital Currency Group, Circle, SEGA, and more. (Getty Images). 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: UNI Price Forecast 2023: Can Uniswap (BITSTAMP: UNI) Comeback? Scott is Chief Compliance Officer. 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. Before becoming an investor, he founded a stablecoin startup, was a software engineer at Airbnb and Earn.com (acquired by Coinbase), and started his career as a high-stakes professional poker player. , . 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. Last year, more than $30 billion was raised by crypto companies and about $13 billion has been raised within the first four months of 2022, according to data from PitchBook. Dragonfly Capital is an investment banking firm headquartered in Charlotte, North Carolina. Since initiation, we have generally supported pioneers at earliest stages, and kept on maneuvering our portfolio organizations into later stages. From protocols to exchanges to apps and beyond, we back teams building generational companies and products in crypto across sectors and stages. Jessica is Legal Counsel. 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. Home Dragonfly Capital raises fresh funds worth $650 million. Your email address will not be published. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Previously she worked at a litigation funding firm, health care start-up, and law firm. Previously, Michal was a Contracts Specialist at Bloomberg, where she assisted the firm in managing contracts and rapport with client executives. Dragonfly plans to focus its investments across all stages of blockchain and crypto-native companies, protocols and tokens. The asset was oversubscribed, with restricted accomplices including Tiger Global, KKR, Sequoia China, Ivy League blessings, Invesco, Top Tier Capital Partners, and an undisclosed Southeast Asian state-possessed venture organization, among others. He previously worked on the investment team at Spartan Group and as a data scientist at Uber. (Santiago mc/Getty Images) Dragonfly Capital has closed its third fund with $650 million in capital, pushing the firm's assets under management to around . Hello, friends, and welcome to . Jessica holds a JD from NYU Law, an MBA from Kellogg and a BA from Northwestern University. Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund, according to a new regulatory filing. We havent consistently had the assets to lead further adjusts and twofold down in groups we trust in, Schmidt said. She is a chartered accountant and holds an ACCA certificate as well as a Bachelor in You can read more about your. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Hildebert holds a BS in Natural Sciences from Maastricht University. Alumni Ventures, Animoca Brands, Avalanche, Blizzard Fund, BRV Capital Management, Connect Ventures, Creative Artists Agency, Dragonfly Capital, Galaxy, GSR.io, OKX, Republic Crypto, Russell Westbrook, Sfermion, Spartan Group, Superscrypt, Undisclosed Investors, and Warner Music Group, Afore Capital, Blockchange Ventures, Castle Island Ventures, Chaos Ventures, Dragonfly Capital, ev3, FJ Labs, J Ventures, KohFounders, and Moonshot Research, AlphaLab Capital, Dragonfly Capital, Folius Ventures, Jane Street Group, Mirana Ventures, Sequoia Capital, and Undisclosed Investors. Crypto wallet BitKeep announced Wednesday the close of a $15 million Series A round at a $100 million post-money valuation. When we first started investing, the entire market for crypto was a few hundreds of billions and now its in the multitrillions., Additionally, the capital landscape has changed dramatically since Dragonflys previous funds, Qureshi said. 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. Number of Exits 4. In Fund 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. The new assets size places Dragonfly comparable to Sequoia Capital and Bain Capital, which each as of late made almost $600 million crypto responsibilities, and further demonstrates that the investment free for all that drove record high asset measures last year hasnt dialed back. . Dragonfly will build on the team's investment track record and its global, technologist first approach to investing in crypto companies. Additionally, late-stage post-money valuations for venture capital-backed crypto and blockchain companies rose on average 91%, to $3.95 billion, according to a PitchBook report. As people show up and build, theyll determine where the future [of crypto] is going.. According to one partners LinkedIn profile, the firm now has over $2 billion in AUM. Casey is Head of Portfolio Support. The latest moves in crypto markets, in context. The Jersey, Channel . Updated May 11, 2023 at 4:17 p.m. UTC. Santiago mc. Previously, he was a General Partner at MetaStable Capital, a Software Engineer at Google Research, and a Software Engineer at Yandex. About Dragonfly CapitalDragonfly Capital ("Dragonfly") is a leading global, crypto-focused investment firm that partners with crypto founders in all stages of development, from seed to series D, to liquid tokens. Investor Type Venture Capital. Previously, he was the first recruiter and Head of Talent at 0x Labs. Launched in 2018 with $100 million in assets under management (AUM), Dragonfly is an investment firm focusing on cryptocurrencies, new protocols and startups. 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 . Chase is the founder of Crusoe, a "green BTC mining" company that is now a unicorn. Venture capital firm Dragonfly has acquired MetaStable Capital, one of the oldest crypto investment funds, for an undisclosed amount, Dragonfly said in a post on Medium. Following the success of the original $100 million fund kickstarted in late 2018, the Dragonfly Fund II will target four potential areas: decentralized finance (DeFi) protocols, non-fungible token projects, Ethereum Layer 2-based businesses, and centralized finance (CeFi) platforms. Related Hubs Dragonfly Portfolio Companies. We share our insights into different areas of the crypto world with data-driven analysis and a technical approach to breaking down THE big problems and opportunities. Dragonfly indicated that it doesnt expect the offering to remain open for more than one year. Company size. Ivan is a Research Partner. Previously, she worked as Head of People at Metagood and Paradigm, and sole People and Ops Manager for Stellar Development Foundation. Founded Date 2018. The new funds size puts Dragonfly in the same league as Sequoia Capital and Bain Capital, which each recently made nearly $600 million crypto commitments, and further proves that the venture capital frenzy that drove record high fund sizes last year hasnt slowed down. Founders Bo Feng, Haseeb Qureshi. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. She is a Chartered Accountant in Singapore and CFA Charterholder. Scott received his JD from American University, during which he clerked for the SEC, CFTC and FINRA. David holds a degree from Touro University in New York and now lives in Baltimore. SUI Price Forecast 2023: Is Downtrend Going To Over Soon? 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 ("Dragonfly") is a leading global, crypto-focused investment firm that partners with crypto founders in all stages of development, from seed to series D, to liquid tokens. Mikh is a Talent Partner. The future is still unwritten. Shutterstock cover by LedyX Crypto asset investment firm Dragonfly Capital has raised $650 million for the launch of its third fund. Their latest investment was in OP3N as part of their Series A on March 3, 2023. That main difference with Dragonflys effort: The crypto market is currently a sea of red. Theres much more comprehension of the significance of crypto. Dragonfly Capital raises fresh funds worth $650 million. "Dragonfly has always been different because of two things: our global approach to investing, which reflects the borderless nature of crypto, and our technical bent, as most of our team understands crypto technology from first principles. BitKeep has closed a $15 million Series A round at a $100 million valuation. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Lindsay holds a Law degree from Harvard and a Math degree from University of Virginia. We lean on our experiences working for and building the biggest businesses in crypto to help companies succeed. Why it's the BFD: The digital asset sector and crypto broadly are in consolidation mode, and this another example. He holds a degree in economics at the University of Warwick. Trade Idea 3: Buy the September/October 100 Call Calendar ($1.50) while selling the October 80 Put (95 cents). She holds a degree in Mathematics from Dartmouth and an MBA from Stanford University. This kernel is a newer version of NDataX. Viola has a degree in International Law from China Foreign Affairs University. Previously, he led product at 0x and worked as a Product Manager at Facebook and Instagram. Hildebert is a Data Scientist. The Jersey, Channel Islands-based firm that has some $30 billion in assets under management has entered into an agreement to assume an actively-managed Dragonfly fund, according to people familiar with the matter who asked not be named because they werent authorized to share information about the transaction. These teams are hiring top talent to help them solve hard problems and build generational products and protocols. Find more original crypto research and analysis on our Medium page. The Dragonfly Ventures III Feeder fund has a $500 million target and hasnt accepted its first investment yet. CBI websites generally use certain cookies to enable better interactions with our sites and services. Brandy covered crypto-related venture capital deals for CoinDesk. CoinDesk recently wrote about the presence of the asset in January when administrative filings showed a $500 million objective. menu close. We've updated the dispute procedures in our. 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. ($0.0 MM Offered, $0.0 MM Sold). With Fund III, we can back groups all through their lifecycle and new organizers as their organizations mature. 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. 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. Fiera Capital UK Limited . Kadin is a Junior Partner. Dragonfly Capital ("Dragonfly") is a leading global, crypto-focused investment firm that partners with crypto founders in all stages of development, from seed to series D, to liquid tokens. Great funds start with great people. Dragonfly Capital is a private equity company based in Charlotte, NC. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Global from day one. The latest moves in crypto markets, in context. And within a year, his firm launched its first fund with an investment team made up of a handful of ex-techies from computer scientists to coders, Qureshi said. Dragonfly Capital closed its third venture capital fund in April with $650 million, pushing the firm's assets under management to around $3 billion even as digital asset prices pulled back. David is Operations Manager. Previously, he was an investment banker at National Bank of Canada and an investor at AKFED and Brookfield. Mikh holds degrees in Organizational Behavior from Cornell University and Computer Science from Lehigh University. By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. Firm to expand its global portfolio of early stage crypto and blockchain investments. Protections and Exchange Commission in January 2022. I want to see a future where anyone with a mobile phone or computer and internet access can use bank-like financial tools via their preferred DeFi protocol or exchange, said XLD Finance Co-founder and Chief Executive Officer Ian Estrada. The most recent was the Dragonfly Ventures Fund II, which launched in late 2020 with a target of raising $200 million. Dragonfly Capital Systematic Alpha Electric Capital Electric Capital ParaFi Capital Bitwise CoinFund Wave Financial Group 10T Holdings BlockTower Capital Off The Chain Capital Hazoor Partners Cambrian Asset Management Galois Capital Shima Capital Eaglebrook Advisors Sino Global Capital Walden Bridge Capital Stratified Capital We back the best researchers and builders who will push the entire crypto ecosystem forward. Dragonflys portfolio includes the leading companies across DeFi, CeFi, NFTs, L1s, L2s, Infrastructure, and beyond. Zack is Head of Talent. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. We see more opportunities across the different stages and through the lifecycle of a company or protocol, Qureshi said. Dragonfly Capital - Investment Bank Company Info Description:Dragonfly Capital is a private equity company based in New York, NY. 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. Moreover, the capital scene has changed emphatically since Dragonflys past assets, Qureshi said. Probing the intersection of crypto and government. XLD Finances roadmap includes a crypto settlement API for merchants, an algorithmic stablecoin, and a web3 wallet Software Development Kit (SDK). After working as a software engineer, Qureshi caught the crypto bug in 2017, he joked. current Founder, Managing Partner, Don W Millen, CBI websites generally use certain cookies to enable better interactions with. Rob holds an MBA from Columbia Business School and a Bachelors from Washington University in St. Louis. Tom is a General Partner. We also explain the strengths and weaknesses in the development of Sendang Agropolitan, to be a concern for Tulungagung Regency to follow up the issue. XLD Finance raises $13M pre-series A funding led by Dragonfly Capital and Infinity Ventures Crypto - TechNode Global, Dragonfly Capital leads $6 million seed funding round for Ethereum stablecoin developer Ethena: Axios, NFT Lender Gondi Launches With $5.35M Funding Round From Major Investors - Crypto News Flash, Nft Lender Gondi Raises $5.3M Round From Hack.vc, Dragonfly, Pantera, Others. Lawrence is a Blockchain Security Engineer. The growth of the crypto sector is not just affecting investors but companies and institutions, too, Qureshi noted. The crypto market is showing no signs of slowing down as funds and investors alike continue to deploy massive amounts of capital into the ecosystem. She is also intrigued by blockchain technology and its functioning. Dragonfly Capital has made 32 investments. IVC was founded to empower and invest in pioneering GameFi, DeFi and Web3 startups. It's an exciting moment in the history of web3 and we're eager to partner with the next generation of builders," said Haseeb Qureshi, Managing Partner at Dragonfly. Track the AUM, funds, and holdings for Dragonfly Digital Management LLC over time. Chen holds a BA in Law from China Foreign Affairs University and a Master of Laws degree from the University of Warwick. Youd be missing the core mechanics of what youre investing in.. Dragonfly Capital has 3 funds, including Dragonfly Ventures III. The new Dragonfly Ventures III asset dramatically increases the $300 million brought up in the associations earlier two assets consolidated. Since its inception in 2018, Dragonfly has established a strong track record and invested over $700 million of capital across seed, series A, series B, and liquid crypto deals. About. Dragonfly Capital specializes in Advisory, M&A , and Divestitures and was founded in 2000. Operating Status Active. If youre a crypto investor, I dont think your job is to pick out one sector that you think will be the future, Qureshi said. To date, the firm has made early investments in many top projects and companies, including Avalanche, NEAR Protocol, Compound, MakerDAO, 1inch, Matter Labs, Amber Group, Anchorage, Bybit, and Dune Analytics. Dragonfly had not replied to a CoinDesk email by the time of publication. Dragonfly is a leading crypto investment fund. Bo is the Founder and aManaging Partner. Previously Chris was the Head of Engineering, Product, Design, and Support recruiting at Plaid. From Bloomberg: "MetaStable, co-founded by Naval Ravikant in 2014, had over $400 million of assets under management as of July 31. Most of our investment team previously worked at crypto startups and we lean on this hands-on experience to help entrepreneurs navigate the difficult parts of creating amazing companies in this space," said Tom Schmidt, General Partner at Dragonfly. Dragonfly generated net sales of $19.3 million in the second quarter, in line with the Company's $18.0 to $22.0 million revenue guidance. Chase is a Venture Partner. Recur, the NFT Platform to Shut Though $50M Raised in Series A, Dragonfly Capital has hit its third asset with $650 million in capital, The associations assets under management have touched around $3 billion, The asset will zero in on all phases of blockchain and crypto organizations making new computerized economies. Also Known As Dragonfly Capital Partners. Brandy covered crypto-related venture capital deals for CoinDesk. We support teams tackling big, wicked problems and pushing the boundaries of the industry. Dragonfly employs an opportunistic strategy and invests across all stages in blockchain and cryptocurrency companies, native protocols, and digital assets, seeking to identify . Bryan is Legal Counsel. FOUNDED IN 2018, DRAGONFLY BRINGS ACCESS AND INFLUENCE TO HELP CRYPTO TEAMS WITH GLOBAL ASPIRATIONS FIND INNOVATION AND ADOPTION ANYWHERE. Previously, he helped lead crypto investing at GoldenTree Asset Management. "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. Previously, he was a Senior Protocol Engineer at 0x, with a focus in smart contract architecture, security, on-chain analysis, and DeFi protocols. WERE CRYPTO-NATIVES WHO HAVE BEEN INVESTING AND BUILDING FOR 10+ YEARS. Eileen is a Business Operations Associate. Todays evidence of the trend: Dragonfly Capital, a crypto-centered investment firm, closed its third venture fund for $650 million, the firms managing partner, Haseeb Qureshi, told TechCrunch. Will it be enough to spook prospective investors? Updated May 11, 2023 at 7:16 p.m. UTC. At PwC, he provided tax consulting and tax compliance services to his large portfolio of private equity clients. Nadia holds degrees in International Relations from San Francisco University and the London School of Economics and Political Science. Donaldson Lufkin & Jenrette, and Arthur Andersen. MetaStable . 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. A builder at heart, he provides provides expertise, guidance, and engineering labor to startups so they can ship amazing products quickly and securely. News and analysis for the professional investor. Submitters are 7x more likely to receive a qualified connection. 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. Established in June 2021, XLD Finance is building infrastructure to enable the delivery of financial tools to emerging economies through APIs that bridge web 3.0 and traditional finance. Dragonfly intends to concentrate its ventures across all phases of blockchain and crypto-local organizations, conventions, and tokens. Dragonfly Capital led the round with participation from KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixpor, Bixin Capital, Danhua Capital, Peak Capital and YM Capital. 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. Digital-asset venture capital firm Dragonfly has acquired MetaStable Capital. That main difference with Dragonflys effort: The crypto market is currently a sea of red. Previously, he was an investor at On Deck focusing on crypto. XLD Finance raises $13M pre-series A funding led by Dragonfly Capital and Infinity Ventures Crypto Learn more about Consensus 2024, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. They focus on the specific needs of management and owners of small and middle-market companies. Omar is a Junior Partner. The present proof of the pattern: Dragonfly Capital, a crypto-focused trading company, shut its third endeavor store for $650 million, the companys overseeing accomplice, Haseeb Qureshi, told TechCrunch.

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