Difference between revisions of "Dragonfly Capital Partners"

From CryptoWiki

 
(2 intermediate revisions by the same user not shown)
Line 13: Line 13:
*[[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]).
*[[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).
*[[Avail]]; part of the [https://twitter.com/AvailProject/status/1762114101881537009 $27M seed round] (26-2-2024)
*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]].
*[[Axelar Network (AXL)|Axelar]]; was part of one of their 3 financing rounds ([https://blog.coinlist.co/the-state-of-axelar-the-stripe-of-web3/ 1-9-2022]). Also part of their $60M ecosystem fund (19-12-2022)
*[[Axelar Network (AXL)|Axelar]]; was part of one of their 3 financing rounds ([https://blog.coinlist.co/the-state-of-axelar-the-stripe-of-web3/ 1-9-2022]). Also part of their $60M ecosystem fund (19-12-2022)
Line 28: Line 29:
*[[FIAT DAO (FIAT)|FIAT DAO]]; part of their [https://medium.com/fiat-dao/fiat-dao-raises-2m-seed-round-to-empower-defi-fixed-income-4844134636ed $2M raise] (16-10-2021).
*[[FIAT DAO (FIAT)|FIAT DAO]]; part of their [https://medium.com/fiat-dao/fiat-dao-raises-2m-seed-round-to-empower-defi-fixed-income-4844134636ed $2M raise] (16-10-2021).
*[[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).
*[[Hashflow (HFT)|Hashflow]]; was [https://messari.io/report/hashflow-certainty-in-execution part of] their seed and Series A rounds (4-2021 and 7-2022).
*[[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). Again in the [https://decrypt.co/114774/matter-labs-raises-200m-scale-ethereum-zksync-solution Series C] (16-11-2022).
* [[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). Again in the [https://decrypt.co/114774/matter-labs-raises-200m-scale-ethereum-zksync-solution Series C] (16-11-2022).
*[[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).
*[[Monad]]; [https://techcrunch.com/2023/02/14/monad-labs-raises-19m-to-grow-its-smart-contract-platform-and-improve-the-ethereum-space/ part of] their $19M raise (14-2-2023).
*[[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.
* Nervos Network. [https://messari.io/asset/nervos-network/profile Invested] in [[Nervos Network (CKB)|Nervos Network]] (22-1-2020)
* Nervos Network. [https://messari.io/asset/nervos-network/profile Invested] in [[Nervos Network (CKB)|Nervos Network]] (22-1-2020)

Latest revision as of 04:21, 25 March 2024

Basics

  • Strong presence in China / Asia

Investments

  • According to this thread (16-2-2023):

"Total Balance $90.4m • $46m $LDO • $13.3m $TON • $10.6m $MATIC • $7m $FXS • $6.7m $AAVE • $2.5m $RBN • $1.4m $DYDX Other notable investments include Near, Cosmos, Mina, zkSync and more."

  • Raised $650 million for its third fund (27-4-2022).
  • 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

"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."

Other

”I was surprised by how egregious this was. People at Terraform Labs knew it was bullshit.”

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.
Retrieved from "https://cryptowiki.me/index.php?title=Dragonfly_Capital_Partners&oldid=20211"