Dragonfly Capital
VC Fund
Charlotte, United States
Dragonfly Capital is an investment banking firm headquartered in Charlotte, North Carolina. They focus on the specific needs of management and owners of small and middle-market companies. Dragonfly Capital assists business owners seeking liquidity and private companies seeking capital for growth.Dragonfly Capital works with companies in sectorssuch as Energy, Manufacturing, Business Services, Healthcare Services and Tech-Enabled Services.
- Total investments:
- 29
- Last investment:
- Lead investor:
- 38%
Last updated:
For AI agents: llms.txt
Industries Dragonfly Capital invests in
Stages Dragonfly Capital invests in
Countries Dragonfly Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $3.9M–$20M
- Series A
- $10M–$50M
- Venture - Series Unknown
- $6M–$230M
Investment Focus
Industry
- Blockchain 11 (38%)
- Cryptocurrency 9 (31%)
- Software 7 (24%)
- Financial Services 6 (21%)
- Apps 3 (10%)
Stage
- Seed 13 (45%)
- Venture - Series Unknown 6 (21%)
- Series A 4 (14%)
- Funding Round 3 (10%)
- Private Equity 1 (3%)
Country
- United States 10 (34%)
- Hong Kong 2 (7%)
- Singapore 2 (7%)
- Canada 1 (3%)
- Panama 1 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Don Millen Millen
Co-Founder & Managing Director
|
Co-Founder & Managing Director | Total investments: 0 | Find email | |
|
Rene' Matthews-Usher
Co-Founder & Managing Director
|
Co-Founder & Managing Director | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Variational is a decentralized liquidity network for bilateral derivatives that automates the process of trading and clearing end-to-end. | $50M / Series A / May 20, 2026 | ||
| Hello Trade aims to provide users with easy, accessible, and flexible opportunities to make leveraged investments in stocks, ETFs, raw materials, virtual assets, and more, enabling individuals around the world to participate in global financial markets with greater convenience and control. | $4.6M / Seed / Nov 20, 2025 | ||
| ZAR is a financial software company that develops a digital dollar wallet designed to bridge the gap between cash-based economies and Web3. | $12.9M / Venture - Series Unknown / Oct 28, 2025 | ||
| ZAR establishes a connection between cash-based economies and the web3 framework, facilitating adoption of stablecoins. | $12.9M / Seed / Oct 28, 2025 | ||
| Rhea Finance is a multi-purpose decentralized finance platform that provides chain-abstracted liquidity solutions. | $4.5M / Seed / Jul 30, 2025 | ||
| ZAR is a financial software company that develops a digital dollar wallet designed to bridge the gap between cash-based economies and Web3. | $7M / Seed / Apr 30, 2025 | ||
| ZAR is a company that bridges the gap between cash-based economies and web3, hastening stablecoin adoption for those who require it most. | $12.9M / Seed / Apr 30, 2025 | ||
| Pocket Protector is a prime social-first platform and Solana spot trading experience, featuring a Telegram bot that allows users to discover, follow, and copy top traders. It enables direct trading in group chats, setting stop-loss and take-profit points, and monetizing their trading network through referral and copier profit-sharing features. | Seed / Apr 01, 2025 | ||
| USDX is a synthetic USD stablecoin that employs a multicoin arbitrage strategy as backing, maintaining a delta neutral approximate dollar position through balanced trading across various digital assets. | $45M / Seed / Nov 29, 2024 | ||
| Revel.xyz is a Web3 personal media collecting and trading platform, forming communities around shared assets and people. | $7.8M / Seed / Dec 19, 2022 | ||
| See all 29 investments → | |||
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FAQ
What does Dragonfly Capital invest in?
Dragonfly Capital invests primarily in Blockchain, Cryptocurrency and Software startups, most often at Seed and Venture - Series Unknown stage. Most of the 29 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Dragonfly Capital's check size?
Dragonfly Capital typically joins rounds of $3.9M–$20M at Seed, $10M–$50M at Series A and $6M–$230M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Dragonfly Capital participates in.
How do I contact Dragonfly Capital?
Public channels for Dragonfly Capital include the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Dragonfly Capital?
The team at Dragonfly Capital includes Don Millen Millen (Co-Founder & Managing Director) and Rene' Matthews-Usher (Co-Founder & Managing Director). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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