Dragonfly Capital completes $650 million fundraising for its fourth fund, with early bets on Polymarket and Rain
According to Odaily, Dragonfly Capital has announced the completion of its fourth fundraise, totaling $650 million. Rob Hadick, partner at Dragonfly Capital, stated that this round of fundraising benefited from early investments in projects such as Polymarket and Rain. Dragonfly Capital was co-founded by Alex Pack and Bo Feng in 2018 and is currently led by Haseeb Qureshi and Tom Schmidt. Tom Schmidt pointed out that the form of tokens in the crypto industry is shifting from application-native tokens to tokenized products representing real-world assets, and that the growth of digital-native currencies from zero to a trillion-dollar scale within ten years is a long-term structural trend.
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