Crypto venture firm Dragonfly closes $650 million fourth fund—even as blockchain VCs face ‘mass extinction’
Saturday, March 21, 2026 · first reported by Fortune and 1 other
Cryptocurrency venture firm Dragonfly has closed its fourth fund at $650 million despite headwinds facing blockchain venture capital. The close demonstrates sustained institutional appetite for crypto-focused venture investments.
- Firm
- Dragonfly
- Fund
- Dragonfly Fund IV
- Size
- $650M
- Stage
- Final close
- Asset class
- Venture
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