Sector portfolio · VC firm · United States

Dragonfly Capital Partners' Web3 & Crypto portfolio

Dragonfly Capital Partners has backed 64 Web3 & Crypto startups in rounds we track, $4.4B between them, shown by the stage each has reached. The best-funded is Polymarket.

64startups backed
5stages
$4.4Braised between them
Pre-seed and seedbiggest stage

Dragonfly Capital Partners's whole portfolioDragonfly Capital Partners's profile

Pre-seed and seed

27

+3 more

Stage not reported

20

Series A

10

Series C and later

4

Series B

3

Segment by segment

Pre-seed and seed

27 startups · $273M raised

  1. NexusneXus is a leading and fast-growing international provider of IT security solutions.United States$41M
  2. Arbelos MarketsArbelos Markets provides unprecedented access and transparency to counterparties through powerful technology.United States$28M
  3. ICInversion CapitalUnited States$27M
  4. EntropyEntropy provides crypto custody services to keep private keys secure and make assets available on demand.United States$25M
  5. CodexCodex is a stablecoin infrastructure company built on Ethereum, focusing on high-throughput, EVM-equivalent Layer 2 blockchain solutions.United States$21M
  6. GoldskyGoldsky is a San Francisco-based Web3 developer platform founded in 2021.United States$21M
  7. ParallaxParallax offers a crypto platform where users can seamlessly pay and get paid in crypto and cash.United States$17M
  8. BlowfishBlowfish detects and prevents fraud before any fraud occurs.Spain$12M

Stage not reported

20 startups · $3.6B raised

  1. PolymarketPolymarket is the largest prediction market platform globally, allowing users to trade shares on the outcomes of real-world events.United States$3.0B
  2. Ava LabsAva Labs is a technology company based in New York City, specializing in blockchain innovation and the development of digital asseUnited States$230M
  3. MegaETHMegaETH is the first blockchain in real time.United States$50M
  4. Axelar NetworkAxelar Network is a decentralized interoperability platform that serves as a universal router for the Web3 ecosystem.Canada$30M
  5. SolendSolend is a DeFi borrowing and lending platform that allows users to borrow or lend crypto funds.United States$26M
  6. CommonwareCommonware is a crypto infrastructure startup that develops blockchain primitives to assist developers in optimizing their networks.United States$25M
  7. Anchor ProtocolAnchor Protocol is a savings platform that provides crypto natives, fintech companies, and investors a stable, high interest rate finance.South Korea$20M
  8. AvalancheAvalanche.org is a nonprofit public information and education partnership between the American Avalanche Association and the US FoUnited States$20M

Series A

10 startups · $192M raised

  1. VariationalVariational is a peer-to-peer trading protocol for perpetuals and generalized derivatives, built on Arbitrum.Cayman Islands$52M
  2. CalderaCaldera is a British industrial technology company founded in 2017, specializing in electric Storage Boilers that convert renewablUnited States$28M
  3. HashflowHashflow is a multichain decentralized exchange (DEX) aggregator and liquidity layer in the cryptocurrency sector, founded in 2019United States$25M
  4. TagomiTagomi is a cryptocurrency trading platform that provides access to priced liquidity, low commissions, and maximized client return.United States$23M
  5. Skolem TechnologiesSkolem provides robust institutional-grade asset management and execution services for hedge funds, treasuries, and service providers.United States$20M
  6. CFCozy FinanceCozy Finance provides a permissionless, peer-to-peer protection solution from smart contract failure.United States$15M
  7. dYdXdYdX is a decentralized, open-source cryptocurrency trading protocol that operates on its own blockchain, the dYdX Chain.United States$10M
  8. ParclParcl is a blockchain-based real estate platform that allows users to invest in a digital square foot of physical real estate.United States$7.5M

Series C and later

4 startups · $238M raised

  1. MeshElectronics-focused Venture Capital FirmUnited States$81M
  2. InfStonesInfStones is a blockchain infrastructure provider that specializes in Platform as a Service (PaaS).United States$68M
  3. .bitBIT, or Behavioural Insights Team, is a global social purpose company and behavioural science consultancy founded in 2010.United Kingdom$51M
  4. MatrixportMatrixport is a digital assets financial services platform where users can invest, trade, and leverage crypto assets.Singapore$38M

Series B

3 startups · $172M raised

  1. Babel FinanceBabel Finance is a global cryptocurrency financial institution founded in 2018 and headquartered in Hong Kong, with a secondary ofHong Kong SAR China$80M
  2. BloXroute LabsBloXroute is a blockchain distribution network that helps in scaling blockchains to thousands of transactions/second on-chain.United States$70M
  3. SynFuturesSynFutures is a decentralized exchange (DEX) and financial infrastructure provider focused on decentralized derivatives trading.Singapore$22M

How this map is made. Every startup here works in Web3 & Crypto and has raised money in a round we track that names Dragonfly Capital Partners as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.

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