Dragonfly
VC Fund
San Francisco, United States
Dragonfly is a venture investment firm that provides capital and strategic support to teams building projects in the cryptocurrency and blockchain ecosystem. The company evaluates blockchain protocols, decentralized finance platforms, and related digital asset initiatives to back technology builders at various stages of development. It maintains aportfolio of investments across token projects, infrastructure protocols, and financial applications in the crypto space. Dragonfly also produces research content that examines trends, technical challenges, and opportunities within the digital assets industry. Its operations involve engaging with founders, assessing technical approaches, and facilitating connections across the broader blockchain community.
- Total investments:
- 218
- Last investment:
- Lead investor:
- 46%
- Fund size:
- $80M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Dragonfly invests in
Stages Dragonfly invests in
Countries Dragonfly invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 16 contacts → | |||
Round size
- Seed
- $2.2M–$16M
- Series A
- $6.7M–$40M
- Venture - Series Unknown
- $3.2M–$30M
Investment Focus
Industry
- Blockchain 77 (35%)
- Cryptocurrency 69 (32%)
- Financial Services 48 (22%)
- FinTech 39 (18%)
- Software 31 (14%)
Stage
- Seed 95 (44%)
- Series A 33 (15%)
- Venture - Series Unknown 23 (11%)
- Funding Round 15 (7%)
- Series B 9 (4%)
Country
- United States 84 (39%)
- Singapore 8 (4%)
- Hong Kong 5 (2%)
- United Kingdom 3 (1%)
- India 2 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Anirudh Pai
Partner
|
Partner | Total investments: 19 | Find email | |
Kitty Wang
Chief Financial Officer
|
Chief Financial Officer | Total investments: 0 | Find email | |
Lawrence Diao
General Partner
|
General Partner | Total investments: 0 | Find email | |
Ashwin Ramachandran
General Partner
|
General Partner | Total investments: 17 | Find email | |
Bo Feng
Managing Partner
|
Managing Partner | Total investments: 13 | Find email | |
| See all 16 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| City Protocol offers growth incentives and creative tools driven by AI. A portable reputation is created via City ID. | $11M / Seed / Aug 25, 2026 | ||
| The agentic economy is here, but it cannot progress until AI agents can autonomously access and operate across real-world systems and services.Sapiom gives AI agents trusted access to the API economy.We provide the essential infrastructure (KYA, wallets, spending and usage controls, and multi-rail payments) to unlock secure, programmaticcommerce for the AI era.Built for the next era of commerce where agents buy, sell, and negotiate on our behalf.We're backed by world-class investors and are hiring exceptional engineers in SF to define the financial infrastructure for the agentic era.Learn more & join us: https://www.sapiom.ai | $35M / Series A / Aug 05, 2026 | ||
| Velocity provides a unified platform for efficiently moving and managing funds across both traditional banks and blockchains. | $38M / Series A / Jul 14, 2026 | ||
| Venice provides private, uncensored AI chat and image generation, with API and token-based access for developers and users. | $65M / Series A / Jul 01, 2026 | ||
| Megapot is a decentralized peer-to-peer protocol that connects liquidity providers, apps, and gamers, allowing anyone to effortlessly sell tickets while also using them for retention and monetization purposes, allowing customers to earn huge yields. | $5M / Pre-Seed / Mar 26, 2026 | ||
| Rhythmic operates as a stablecoin financial platform. | $4M / Seed / Feb 19, 2026 | ||
| Mesh Pay is a payment infrastructure platform that enables businesses to accept and send digital assets and cryptocurrency transactions through a single integration. It supports connectivity with hundreds of wallets and exchanges, and processes payments, deposits, verification,s and global payouts, settling funds in stablecoins or local currency toreduce volatility risk and increase completion rates. The platform includes SmartFunding™, which orchestrates funding from multiple sources to streamline checkout and payout processes, and offers real-time address validation and settlement features. Mesh Pay also provides programmable wallet capabilities for autonomous commerce and routes funds securely across wallets, banks and exchanges. | $75M / Series C / Jan 27, 2026 | ||
| Rain provides infrastructure for stablecoin-powered payments and financial products for businesses. The company builds APIs and tools that let partners create and manage digital wallets, embed stablecoin accounts, and issue payment cards that connect blockchain settlement with traditional payment networks like Visa. Its platform supports money-inand money-out flows, fiat-to-stablecoin conversion, and compliance features so enterprises and financial platforms can integrate digital money use cases directly into their products. Rain’s technology is modular, enabling firms to pick components such as card issuance, wallet services, and cross-border payouts based on their needs. | $250M / Series C / Jan 09, 2026 | ||
| Inversion is a technology-first investment company that acquires and transforms legacy businesses with blockchain technology. | $26.5M / Seed / Sep 08, 2025 | ||
| Rain provides infrastructure for stablecoin-powered payments and financial products for businesses. The company builds APIs and tools that let partners create and manage digital wallets, embed stablecoin accounts, and issue payment cards that connect blockchain settlement with traditional payment networks like Visa. Its platform supports money-inand money-out flows, fiat-to-stablecoin conversion, and compliance features so enterprises and financial platforms can integrate digital money use cases directly into their products. Rain’s technology is modular, enabling firms to pick components such as card issuance, wallet services, and cross-border payouts based on their needs. | $58M / Series B / Aug 28, 2025 | ||
| See all 218 investments → | |||
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FAQ
What does Dragonfly invest in?
Dragonfly invests primarily in Blockchain, Cryptocurrency and Financial Services startups, most often at Seed and Series A stage. Most of the 218 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's check size?
Dragonfly typically joins rounds of $2.2M–$16M at Seed, $6.7M–$40M at Series A and $3.2M–$30M 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 participates in.
How do I contact Dragonfly?
Public channels for Dragonfly include LinkedIn, X (Twitter) and 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?
The team at Dragonfly includes Anirudh Pai (Partner), Kitty Wang (Chief Financial Officer) and Lawrence Diao (General Partner), among 16 team members tracked by Shizune. 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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