Recent Funding
Investors
Dragonfly Capital

Dragonfly Capital portfolio

Dragonfly Capital has 19 portfolio companies on record at Recent Funding, with 7 investments in the last 12 months.

Website: dragonfly.com.

X: @dragonfly.

Type: Venture capital.

Portfolio on Recent Funding: 19.

Deals, last 12 months: 7.

Rounds led: 6 of 14.

Capital in their rounds: $1.68B.

Latest deal: Sapiom · Aug 5, 2026.

About this page

It is a venture capital firm based in New York, US, founded in 2018. It led 6 of the 14 rounds it joined. Its most recent investment on record is Sapiom's $35M Series A round in August 2026, which it led, alongside Accel and Anthropic. By category, its portfolio leans toward Stablecoins (4) and Crypto payments (3). It has co-invested with Coinbase Ventures, Peak XV and Bain Capital Crypto, most often Coinbase Ventures (5 rounds).

About Dragonfly Capital

Firm type: Venture capital.

Headquarters: New York, US.

Founded: 2018.

Stages: Pre-Seed, Seed, Series A, Series B, Growth.

Sectors: Crypto & Web3.

Check size: $3M to $30M.

Leads rounds: No.

Portfolio companies: 128.

Exits: 0.

Rounds led: 68.

Funds raised

Fund	Fund #	Size	Announced
DDragonfly Capital	IV	$650M	Feb 17, 2026 Yahoo! Sports

What Dragonfly Capital invests in

Stablecoins · 4 · 21%
Crypto payments · 3 · 16%
AI agents · 2 · 11%
Wallets and accounts · 2 · 11%
Developer tools and cloud · 2 · 11%
AI coding and devtools · 1 · 5%
Fintech · 1 · 5%
Prediction markets · 1 · 5%

Dragonfly Capital recent investments

Company	Round	Date	Alongside
SSapiom	Series A · $35M · lead	Aug 5, 2026	Accel, Anthropic
VVariational	Series A · $49.7M · lead	May 20, 2026	North Island Ventures, Hack VC, Peak XV +3
PPolymarket	Series B+ · $1B	Apr 20, 2026	D. E. Shaw, SV Angel, Valor Equity Partners +1
MMegapot	Pre-seed · $5M	Mar 27, 2026	Bankless Ventures, Nigel Eccles, Felix Anthony +4
RRhythmic	Seed	Feb 20, 2026	Martin Derka, The Venture Dept, Farooq Malik +4
RRain	Series B+ · $250M	Jan 9, 2026	Galaxy Ventures, Sapphire Ventures, FirstMark +3
MMesh	Series B+ · $75M	Jan 1, 2026	Moderne Ventures, Liberty City Ventures, SBI Investment +2
PPolymarket	Series B+ · $150M	Oct 8, 2025	Coinbase, Founders Fund (lead), SV Angel +7

How Dragonfly Capital invests

Stage	Deals	Capital in rounds
Series B+	6 43%	$1.55B
Seed	5 36%	$37.46M
Series A	2 14%	$84.7M
Pre-seed	1 7%	$5M

Year	Deals	Capital in rounds
2020	1 7%	$2.16M
2022	1 7%	$33M
2023	1 7%	$9M
2024	2 14%	$55.3M
2025	2 14%	$166M
2026	7 50%	$1.41B

Dragonfly Capital portfolio companies

SSapiom$35MSeries A · Aug 2026
VVariational$49.7MSeries A · May 2026
PPolymarket$1BSeries B+ · Apr 2026
MMegapot$5MPre-seed · Mar 2026
RRhythmicSeed · Feb 2026
RRain$250MSeries B+ · Jan 2026
MMesh$75MSeries B+ · Jan 2026
CCodex$16MSeed · Apr 2025
CCaldera$9MSeed · Feb 2023
IInfStones$33MSeries B+ · Feb 2022
OOpyn$2.16MSeed · Jun 2020
NNexusbacker
AAgorabacker
VVenicebacker
EEXO Labsbacker
UUSD.AIbacker
EEigenCloudbacker
RRouteMeshbacker
GGelatobacker

Company	Round with Dragonfly Capital	Total raised	Latest raise
SSapiom AI coding and devtools	Aug 5, 2026 Series A · $35M · lead	$50.75M	Aug 5, 2026 Series A
VVariational	May 20, 2026 Series A · $49.7M · lead	$60M	May 20, 2026 Series A
PPolymarket Prediction markets	Apr 20, 2026 Series B+ · $1B	$2.28B	Aug 31, 2026 Series B+
MMegapot Gaming	Mar 27, 2026 Pre-seed · $5M	$5M	Mar 27, 2026 Pre-seed
RRhythmic	Feb 20, 2026 Seed	$4M	Feb 20, 2026 Seed
RRain Stablecoins	Jan 9, 2026 Series B+ · $250M	$250M	Jan 9, 2026 Series B+
MMesh Stablecoins	Jan 1, 2026 Series B+ · $75M	$107M	Jul 2, 2026 Series B+
CCodex Stablecoins	Apr 4, 2025 Seed · $16M · lead	$16M	Apr 4, 2025 Seed
CCaldera L1s, L2s and rollups	Feb 13, 2023 Seed · $9M · lead	$9M	Oct 28, 2024 Series A
IInfStones Staking and restaking	Feb 24, 2022 Series B+ · $33M · lead	$35M	Feb 24, 2022 Series B+
OOpyn Perpetuals DEXs	Jun 22, 2020 Seed · $2.16M · lead	$2.16M	Jun 22, 2020 Seed
NNexus AI infrastructure and compute	backer · source	undisclosed	—
AAgora Crypto social and consumer	backer · source	$55M	Jul 10, 2025 Series A
VVenice	backer	undisclosed	—
EEXO Labs Foundation models and research	backer	undisclosed	—
UUSD.AI Stablecoins	backer	$40M	Sep 15, 2026 round
EEigenCloud AI agents	backer	$70M	Jun 17, 2025 round
RRouteMesh	backer	undisclosed	—
GGelato Wallets and accounts	backer	$12.2M	Oct 29, 2024 Series A

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Stablecoins).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Venture funds Dragonfly Capital raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.

Share is of the 14 rounds on Recent Funding that name Dragonfly Capital. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Dragonfly Capital, which is a subset of its real portfolio. API: /api/v1/investors/dragonfly-capital (get a free API key). More: the most active VC firms and new venture capital funds.