Difference between revisions of "Dragonfly Capital Partners"
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[https://www.amberaigroup.com/ Amber], [[Anchorage]], [[Celo]], [[Coda]], [https://coinmetrics.io/ Coin Metrics], [https://coinflex.com/ CoinFLEX], [[Compound]], [[Cosmos]], [https://www.crusoeenergy.com/ Crusoe], [[dY/dX]], [https://www.erisx.com/ ErisX], [https://www.lumina.app/ Lumina], [[Mobile Coin|MobileCoin]], [[Nuo]], [https://www.oasislabs.com/ Oasis Labs], [https://www.renrenbit.com/ RenrenBit], [[Sia]], [[Spacemesh]], [https://www.tagomi.com/ Tagomi] and [[UMA|Uma]] | [https://www.amberaigroup.com/ Amber], [[Anchorage]], [[Celo]], [[Coda]], [https://coinmetrics.io/ Coin Metrics], [https://coinflex.com/ CoinFLEX], [[Compound]], [[Cosmos]], [https://www.crusoeenergy.com/ Crusoe], [[dY/dX]], [https://www.erisx.com/ ErisX], [https://www.lumina.app/ Lumina], [[Mobile Coin|MobileCoin]], [[Nuo]], [https://www.oasislabs.com/ Oasis Labs], [https://www.renrenbit.com/ RenrenBit], [[Sia]], [[Spacemesh]], [https://www.tagomi.com/ Tagomi] and [[UMA|Uma]] | ||
* 1inch. [https://www.coindesk.com/dex-1inch-2-8m-from-binance-galaxy Participated] in a $2.8M raise for [[1inch]] (11-8-2020). | * 1inch. [https://www.coindesk.com/dex-1inch-2-8m-from-binance-galaxy Participated] in a $2.8M raise for [[1inch]] (11-8-2020). | ||
*[[Anchor (ANC)|Anchor]]; [[Do Kwon]] mentioned them as part of a [https://twitter.com/d0h0k1/status/1371738421559914496 $20M raise], calling the participants the 'Anchor [[Whale|whales]]' (16-3-2021) | *[[Anchor (ANC)|Anchor]]; [[Do Kwon]] mentioned them as part of a [https://twitter.com/d0h0k1/status/1371738421559914496 $20M raise], calling the participants the '[[Anchor]] [[Whale|whales]]' (16-3-2021). However, by the time UST depegged on the 9th of May 2022, it was quick to claim it had no exposure to [[Terra (LUNA)|LUNA]] ([https://twitter.com/Darrenlautf/status/1524391126509056000?s=20&t=JB--ijgh_DLp-QaS3m8uWQ 11-5-2022]). | ||
*[[ARC (ARCx)|ARC]]; part of a [https://arcx.substack.com/p/introducing-arcx-sapphire-v3?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNzA5MTQxNiwiXyI6IitrN3VtIiwiaWF0IjoxNjIzMDQ3ODczLCJleHAiOjE2MjMwNTE0NzMsImlzcyI6InB1Yi0yMzI0NTUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.u5aAAbXcRv3gj6VaPao06_7W $1.5M] raise (2-6-2021). | *[[ARC (ARCx)|ARC]]; part of a [https://arcx.substack.com/p/introducing-arcx-sapphire-v3?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozNzA5MTQxNiwiXyI6IitrN3VtIiwiaWF0IjoxNjIzMDQ3ODczLCJleHAiOjE2MjMwNTE0NzMsImlzcyI6InB1Yi0yMzI0NTUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.u5aAAbXcRv3gj6VaPao06_7W $1.5M] raise (2-6-2021). | ||
*Avalanche. [https://medium.com/avalabs/avalanche-raises-12m-in-private-token-sale-led-by-initialized-galaxy-bitmain-ngc-and-dragonfly-96e5ae2cf6e Participated] (25-6-2020) in a $12M private sale of [[Avalanche (AVAX)|Avalanche]]. | *Avalanche. [https://medium.com/avalabs/avalanche-raises-12m-in-private-token-sale-led-by-initialized-galaxy-bitmain-ngc-and-dragonfly-96e5ae2cf6e Participated] (25-6-2020) in a $12M private sale of [[Avalanche (AVAX)|Avalanche]]. | ||
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* Cozy Finance. Part of a [https://medium.com/@cozyfinance/introducing-cozy-finance-8af86e0ded41 $2M raise] for [[Cozy Finance]] (3-9-2020). | * Cozy Finance. Part of a [https://medium.com/@cozyfinance/introducing-cozy-finance-8af86e0ded41 $2M raise] for [[Cozy Finance]] (3-9-2020). | ||
* DerivaDEX. Is [https://medium.com/derivadex/introducing-derivadex-a-next-generation-decentralized-exchange-for-derivatives-62cc0ab8ee7d one of the backers] in a $2.7M raise for [[DerivaDEX]] (2-7-2020). | * DerivaDEX. Is [https://medium.com/derivadex/introducing-derivadex-a-next-generation-decentralized-exchange-for-derivatives-62cc0ab8ee7d one of the backers] in a $2.7M raise for [[DerivaDEX]] (2-7-2020). | ||
* Dune Analytics. [https://medium.com/@tomhschmidt/1f7a5891375b Was] the lead investor in a $2M round for [[Dune Analytics]] (23-9-2020). Participated once more in the [https://decrypt.co/78321/ethereum-data-firm-dune-analytics-raises-8m?utm_source=telegram&utm_medium=social&utm_campaign=smt $8M round] (12-8-2021). | * [[Dune]] Analytics. [https://medium.com/@tomhschmidt/1f7a5891375b Was] the lead investor in a $2M round for [[Dune Analytics]] (23-9-2020). Participated once more in the [https://decrypt.co/78321/ethereum-data-firm-dune-analytics-raises-8m?utm_source=telegram&utm_medium=social&utm_campaign=smt $8M round] (12-8-2021). | ||
* dydX. [https://medium.com/dydxderivatives/dydx-raises-10m-series-a-1250b7e0e1df?ref=tokendaily&ct=t(RSS_EMAIL_CAMPAIGN)&mc_cid=10f74de992&mc_eid=b9fac0945e Participated] in a $10M Series A round investing in [[dYdX]] | * dydX. [https://medium.com/dydxderivatives/dydx-raises-10m-series-a-1250b7e0e1df?ref=tokendaily&ct=t(RSS_EMAIL_CAMPAIGN)&mc_cid=10f74de992&mc_eid=b9fac0945e Participated] in a $10M Series A round investing in [[dYdX]] | ||
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*[[Frax Finance (FRAX)|Frax]]; part of their [https://medium.com/dragonfly-research/a-visual-explanation-of-frax-bcce72c1730f strategic round] (16-7-2021). | *[[Frax Finance (FRAX)|Frax]]; part of their [https://medium.com/dragonfly-research/a-visual-explanation-of-frax-bcce72c1730f strategic round] (16-7-2021). | ||
*[[Maker]], from [https://www.coindesk.com/dragonfly-capital-paradigm-buy-27-5m-stake-in-governing-makerdaos-future this] [[CoinDesk]] article (19-12-2019): | *[[Maker]], from [https://www.coindesk.com/dragonfly-capital-paradigm-buy-27-5m-stake-in-governing-makerdaos-future this] [[CoinDesk]] article (19-12-2019): | ||
''"Venture funds Dragonfly Capital and [[Paradigm]] have acquired $27.5 million worth of MKR tokens and plan to take part in the Maker Protocol's [[On-Chain Governance|governance]] system. Announced Thursday by the [[Maker Foundation]], the $27.5 million raised will fund the foundation's efforts to promote [[dai]] adoption in China and the broader Asia region. It's expected Dragonfly and Paradigm, who already have a strong presence in the region, will advise on the expansion. The joint purchase means Dragonfly and Paradigm now control approximately 5.5 percent of the total MKR token supply. Combined, the acquisition makes Dragonfly and Paradigm the second-largest private holder of MKR tokens. VC firm [[Andreessen Horowitz]] remains the single largest private holder with the 6 percent stake it acquired in September 2018."'' | ''"Venture funds Dragonfly Capital and [[Paradigm]] have acquired $27.5 million worth of MKR [[tokens]] and plan to take part in the Maker Protocol's [[On-Chain Governance|governance]] system. Announced Thursday by the [[Maker Foundation]], the $27.5 million raised will fund the [[foundation]]'s efforts to promote [[dai]] adoption in China and the broader Asia region. It's expected Dragonfly and Paradigm, who already have a strong presence in the region, will advise on the expansion. The joint purchase means Dragonfly and Paradigm now control approximately 5.5 percent of the total MKR [[token]] supply. Combined, the acquisition makes Dragonfly and Paradigm the second-largest private holder of MKR tokens. VC firm [[Andreessen Horowitz]] remains the single largest private holder with the 6 percent [[stake]] it acquired in September 2018."'' | ||
* Matter Labs. [https://medium.com/dragonfly-research/the-life-and-death-of-plasma-b72c6a59c5ad Has] (27-1-2020) [https://matter-labs.io/ Matter Labs] in their portfolio. P[https://medium.com/matter-labs/leading-defi-projects-and-exchanges-invest-to-bring-solidity-to-zksync-9a3df978f824 articipated] in an undisclosed round for zkSync (1-3-2021). And again in the [https://medium.com/matter-labs/funding-ea89c1fa731e Series B] of $50m (8-11-2021). | * [[Matter Labs]]. [https://medium.com/dragonfly-research/the-life-and-death-of-plasma-b72c6a59c5ad Has] (27-1-2020) [https://matter-labs.io/ Matter Labs] in their portfolio. P[https://medium.com/matter-labs/leading-defi-projects-and-exchanges-invest-to-bring-solidity-to-zksync-9a3df978f824 articipated] in an undisclosed round for [[zkSync]] (1-3-2021). And again in the [https://medium.com/matter-labs/funding-ea89c1fa731e Series B] of $50m (8-11-2021). | ||
*[[Mina (MINA)|Mina]]; [https://minaprotocol.com/about mentioned] as one of its backers (31-3-2021). | *[[Mina (MINA)|Mina]]; [https://minaprotocol.com/about mentioned] as one of its backers (31-3-2021). | ||
*[[Nebulous]] ([[SiaCoin (SC)|Sia]]) [https://www.coindesk.com/sia-network-raises-3-5-million-from-bain-capital-to-become-crypto-hulu closed] a $3.5 million pre–Series A round led by [[Bain Capital Ventures]], along with participants like [[Bessemer Venture Partners]] and Dragonfly Capital Partners. | *[[Nebulous]] ([[SiaCoin (SC)|Sia]]) [https://www.coindesk.com/sia-network-raises-3-5-million-from-bain-capital-to-become-crypto-hulu closed] a $3.5 million pre–Series A round led by [[Bain Capital Ventures]], along with participants like [[Bessemer Venture Partners]] and Dragonfly Capital Partners. | ||
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* Nest. Dragonfly [https://medium.com/dragonfly-research/introducing-cofix-a-next-generation-amm-199aea686b6b holds] a position in [[Nest Protocol (NEST)|Nest]], which is used by CoFix (7-10-2020). | * Nest. Dragonfly [https://medium.com/dragonfly-research/introducing-cofix-a-next-generation-amm-199aea686b6b holds] a position in [[Nest Protocol (NEST)|Nest]], which is used by CoFix (7-10-2020). | ||
* Numerai. Was a [https://www.theblockcrypto.com/post/67223/numerai-3-million-token-sale-staking-protocol?utm_source=rss&utm_medium=rss purchaser] of tokens in the second [[Numeraire (NMR)|Numerai]] token sale (3-6-2020). | * [[Numerai]]. Was a [https://www.theblockcrypto.com/post/67223/numerai-3-million-token-sale-staking-protocol?utm_source=rss&utm_medium=rss purchaser] of tokens in the second [[Numeraire (NMR)|Numerai]] token sale (3-6-2020). | ||
*[[Oasis Network (ROSE)|Oasis Network]]; one of the [https://medium.com/oasis-protocol-project/introducing-the-160-million-oasis-ecosystem-fund-e53d384ee386 contributors] to the $160m Ecosystem Fund (17-11-2021) | *[[Oasis Network (ROSE)|Oasis Network]]; one of the [https://medium.com/oasis-protocol-project/introducing-the-160-million-oasis-ecosystem-fund-e53d384ee386 contributors] to the $160m Ecosystem Fund (17-11-2021) | ||
*Opyn. [https://www.coindesk.com/defi-hedging-startup-opyn-raises-2-16m-from-dragonfly-capital-1kx Participated] in a $2.16M raise for [[Opyn]] (23-6-2020) | *Opyn. [https://www.coindesk.com/defi-hedging-startup-opyn-raises-2-16m-from-dragonfly-capital-1kx Participated] in a $2.16M raise for [[Opyn]] (23-6-2020) | ||
* Paradigm Labs. [https://www.coindesk.com/the-crypto-protocol-trying-to-unite-every-exchange-order-book Participated] a $1M seed round for [[Paradigm Labs]] in 2018, but as of 3-2020 Paradigm Labs [https://www.coindesk.com/paradigm-labs-shuts-down-says-it-was-too-early-for-defi-boom has closed down]. | * Paradigm Labs. [https://www.coindesk.com/the-crypto-protocol-trying-to-unite-every-exchange-order-book Participated] a $1M [[seed]] round for [[Paradigm Labs]] in 2018, but as of 3-2020 Paradigm Labs [https://www.coindesk.com/paradigm-labs-shuts-down-says-it-was-too-early-for-defi-boom has closed down]. | ||
* ParaFi. Is a [https://blog.bancor.network/parafi-invests-in-bnt-to-advance-bancor-protocol-growth-7f79fab40c81 backer] of [[ParaFi]] (20-8-2020). | * ParaFi. Is a [https://blog.bancor.network/parafi-invests-in-bnt-to-advance-bancor-protocol-growth-7f79fab40c81 backer] of [[ParaFi]] (20-8-2020). | ||
*[[Saddle]]; is mentioned as an investor on Saddle's [https://saddle.finance/ website] (17-6-2021). | *[[Saddle]]; is mentioned as an investor on Saddle's [https://saddle.finance/ website] (17-6-2021). | ||
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* Starkware. [https://medium.com/dragonfly-research/haseeb-joins-dragonfly-capital-9505b1f57369 Invested] in [[Starkware]] | * Starkware. [https://medium.com/dragonfly-research/haseeb-joins-dragonfly-capital-9505b1f57369 Invested] in [[Starkware]] | ||
== Other == | == Other == | ||
* Has Dragonfly Research; which publishes articles about blockchain tech. | * Has Dragonfly Research; which publishes articles about [[blockchain]] tech. | ||
* In 11-2019 Ivan [https://github.com/bogatyy/grin-linkability published] an [https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52?source=collection_home---4------0----------------------- article] about privacy 'failures' in [[Grin]]. The Grin team [https://coinspice.io/news/ackshually-mimblewimble-devs-respond-to-dragonfly-research-attack-claims-of-being-fundamentally-flawed/ wrote back]. And in the end [[CoinDesk]] [https://www.coindesk.com/whats-really-private-in-crypto-research-on-grin-raises-questions wrote about it], detailing both sides arguments. | * In 11-2019 Ivan [https://github.com/bogatyy/grin-linkability published] an [https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52?source=collection_home---4------0----------------------- article] about privacy 'failures' in [[Grin]]. The Grin team [https://coinspice.io/news/ackshually-mimblewimble-devs-respond-to-dragonfly-research-attack-claims-of-being-fundamentally-flawed/ wrote back]. And in the end [[CoinDesk]] [https://www.coindesk.com/whats-really-private-in-crypto-research-on-grin-raises-questions wrote about it], detailing both sides arguments. | ||
* [https://medium.com/dragonfly-research/ethereum-is-now-unforkable-thanks-to-defi-9818b967738f?source=collection_home---4------2----------------------- Wrote a story] (31-10-2019) about how [[DeFi]] might have made [[Ethereum]] 'unforkable' | * [https://medium.com/dragonfly-research/ethereum-is-now-unforkable-thanks-to-defi-9818b967738f?source=collection_home---4------2----------------------- Wrote a story] (31-10-2019) about how [[DeFi]] might have made [[Ethereum]] 'unforkable' | ||
Revision as of 01:57, 22 May 2022
Basics
- Strong presence in China / Asia
Investments
- Launched a new $225 million fund to invest in DeFi, NFT, and more projects (27-3-2021).
- Portfolio consists (as of 2-12-2019) of the following:
Amber, Anchorage, Celo, Coda, Coin Metrics, CoinFLEX, Compound, Cosmos, Crusoe, dY/dX, ErisX, Lumina, MobileCoin, Nuo, Oasis Labs, RenrenBit, Sia, Spacemesh, Tagomi and Uma
- 1inch. Participated in a $2.8M raise for 1inch (11-8-2020).
- Anchor; Do Kwon mentioned them as part of a $20M raise, calling the participants the 'Anchor whales' (16-3-2021). However, by the time UST depegged on the 9th of May 2022, it was quick to claim it had no exposure to LUNA (11-5-2022).
- ARC; part of a $1.5M raise (2-6-2021).
- Avalanche. Participated (25-6-2020) in a $12M private sale of Avalanche.
- BitDAO; part of their $230M private funding round (17-6-2021).
- Coinmetrics. Invested in Coinmetrics
- CoFix. Dragonfly is an investor in CoFix (7-10-2020).
- Cozy Finance. Part of a $2M raise for Cozy Finance (3-9-2020).
- DerivaDEX. Is one of the backers in a $2.7M raise for DerivaDEX (2-7-2020).
- Dune Analytics. Was the lead investor in a $2M round for Dune Analytics (23-9-2020). Participated once more in the $8M round (12-8-2021).
- dydX. Participated in a $10M Series A round investing in dYdX
- Gauntlet/ Is an investor in Gauntlet, according to their website (19-10-2020).
- Gelato; part of their $11M raise (8-10-2021).
- FIAT DAO; part of their $2M raise (16-10-2021).
- Frax; part of their strategic round (16-7-2021).
- Maker, from this CoinDesk article (19-12-2019):
"Venture funds Dragonfly Capital and Paradigm have acquired $27.5 million worth of MKR tokens and plan to take part in the Maker Protocol's governance system. Announced Thursday by the Maker Foundation, the $27.5 million raised will fund the foundation's efforts to promote dai adoption in China and the broader Asia region. It's expected Dragonfly and Paradigm, who already have a strong presence in the region, will advise on the expansion. The joint purchase means Dragonfly and Paradigm now control approximately 5.5 percent of the total MKR token supply. Combined, the acquisition makes Dragonfly and Paradigm the second-largest private holder of MKR tokens. VC firm Andreessen Horowitz remains the single largest private holder with the 6 percent stake it acquired in September 2018."
- Matter Labs. Has (27-1-2020) Matter Labs in their portfolio. Participated in an undisclosed round for zkSync (1-3-2021). And again in the Series B of $50m (8-11-2021).
- Mina; mentioned as one of its backers (31-3-2021).
- Nebulous (Sia) closed a $3.5 million pre–Series A round led by Bain Capital Ventures, along with participants like Bessemer Venture Partners and Dragonfly Capital Partners.
- Nervos Network. Invested in Nervos Network (22-1-2020)
- Nest. Dragonfly holds a position in Nest, which is used by CoFix (7-10-2020).
- Numerai. Was a purchaser of tokens in the second Numerai token sale (3-6-2020).
- Oasis Network; one of the contributors to the $160m Ecosystem Fund (17-11-2021)
- Opyn. Participated in a $2.16M raise for Opyn (23-6-2020)
- Paradigm Labs. Participated a $1M seed round for Paradigm Labs in 2018, but as of 3-2020 Paradigm Labs has closed down.
- ParaFi. Is a backer of ParaFi (20-8-2020).
- Saddle; is mentioned as an investor on Saddle's website (17-6-2021).
- Saffron Finance; is mentioned as a strategic partner (8-3-2021).
- Sia. Participated in a $3M raise for Sia (23-9-2020).
- Starkware. Invested in Starkware
Other
- Has Dragonfly Research; which publishes articles about blockchain tech.
- In 11-2019 Ivan published an article about privacy 'failures' in Grin. The Grin team wrote back. And in the end CoinDesk wrote about it, detailing both sides arguments.
- Wrote a story (31-10-2019) about how DeFi might have made Ethereum 'unforkable'
Team
- Ivan Bogatyy; Dragonfly Research
- Haseeb Qureshi; Managing Partner. Since 2-10-2019 "Haseeb first came onto our radar while he was a General Partner at MetaStable, the oldest and premier technology-focused, fundamentals-driven cryptofund. MetaStable was our first investment at Dragonfly and we’ve worked with them since 2015 when I was a partner at AngelList under Naval Ravikant, the firm’s founder. Dragonfly has co-invested with Haseeb many times in projects like Coda, Spacemesh, and Starkware that"
- Alex Pack; founding member, left to work at Huobi.
