Dragonfly is a venture capital firm based in San Francisco, California that global crypto-focused venture capital firm founded in 2018. makes equity and token investments in early-stage blockchain and web3 companies, including decentralized finance, infrastructure, on-chain consumer applications, and tokens tied to real-world assets. closed fund iv at 650 million dollars, exceeding an initial target of 500 million dollars. runs prior funds sized at roughly 100 million, 225 million, and 500 million dollars. operates offices in san francisco, new york, and singapore. publicly reported total assets under management estimates range from about 1.5 billion to 4 billion dollars across funds. They serve clients in United States, Singapore. Dragonfly is listed on The Token Playbook's vetted provider registry at thetokenplaybook.com/registry/dragonfly.