Fund profile / United States

Dragonfly Fund IV

Geography: United States
Stage: Seed
Fund size: USD
Focus
Signals: Published

N°01 / About

About Dragonfly Fund IV

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

N°02 / Thesis

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

payments

prediction markets

tokenization

capital markets tech

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

Portfolio companies: Ethena, Rain, Polymarket, Venice.ai, Sapiomexternal

Bullish on institutional era, regulatory clarity emergingexternal

AI x blockchain convergence unlocking new generation techexternal

Hired Head of IR—signal of LP growth & maturityexternal

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

Focus on mainstream adoption narrative

Explore AI + blockchain convergence

Founder Don'ts

Don't pitch non-crypto plays

Don't ignore global markets

Don't lack technical depth

34 signals on Dragonfly Fund IV

10 bullish · 3 contrarian · 7 pitch do's · 3 don'ts · 11 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund SizeUSD

Saves0

Website

People

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

Katherine TercekHead of Investor Relations

N°04 / See also

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