Dragonfly Fund IV

United States
Seed
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About Dragonfly Fund IV

Dragonfly closes an oversubscribed $650M fund to back crypto and blockchain infrastructure across global markets.

Investment Focus

Location / RegionUnited States
Funding StageSeed
Industry Focus

Investor Signals Profile

active

Sweet Spot

Technical crypto founders building global-scale protocols or apps

crypto-native
L1/L2 infra
DeFi
stablecoins
AI x crypto

Bullish Signals

Acquired Metastable, oldest crypto hedge fundexternal
Stablecoin payments research with Artemisexternal
Portfolio spans 100+ crypto companiesexternal
NYC + Singapore offices, day-one globalexternal
Checks $3M–$30M+ across all stagesexternal
Metastable early into Ethereum, Avalanche, Cosmosexternal

Contrarian Signals

Agentic commerce thesis skepticism notedexternal
Geoblocked airdrops hurt US token economicsexternal
New chains face intense hate vs indifference pre-2023external

Founder Do's

Tackle big wicked problems
Build with global adoption mindset
Embrace weird/contrarian ideas
Show deep technical conviction
Target seed–Series B+ range

Founder Don'ts

Don't pitch non-crypto plays
Don't ignore global markets
Don't lack technical depth

Key GPs & Partners

HQ
Haseeb Qureshi
Managing Partner
crypto-nativetechnicalopinionated
BF
Bo Feng
Managing Partner
globalAsia-focused
TS
Tom Schmidt
General Partner
crypto-native
RH
Rob Hadick
General Partner
crypto-native
GQ
Gengmo Qi
Partner
crypto-native
OK
Omar Kanji
Partner
crypto-native
EC
Elton Chang
Junior Partner
crypto-native
CT
Casey Taylor
Platform Partner
founder-supportoperator
TL
Tony Li
Portfolio Support Partner
Asia-focusedoperator
HM
Hildebert Moulié
Head of Data Science
analytical

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Fund Overview

Fund SizeUSD
Saves0

Key People

Haseeb Qureshi, Tom Schmidt

Haseeb QureshiManaging Partner
Bo FengManaging Partner
Tom SchmidtGeneral Partner
Rob HadickGeneral Partner
Gengmo QiPartner
Omar KanjiPartner
Elton ChangJunior Partner
Casey TaylorPlatform Partner
Tony LiPortfolio Support Partner
Hildebert MouliéHead of Data Science

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