# Dragonfly Capital Partners' Web3 & Crypto Investments: 64 Startups in Its Portfolio (2026) > The 64 Web3 & Crypto startups Dragonfly Capital Partners has backed, by stage: $4.4B raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/dragonfly-capital-partners-web3-crypto-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Pre-seed and seed 27 - [Nexus](https://millionrounds.com/company/nexus) - [Arbelos Markets](https://millionrounds.com/company/arbelos-markets) - [*IC* Inversion Capital](https://millionrounds.com/company/inversion-capital) - [Entropy](https://millionrounds.com/company/entropy) - [Codex](https://millionrounds.com/company/codex) - [Goldsky](https://millionrounds.com/company/goldsky) - [Parallax](https://millionrounds.com/company/parallax) - [Blowfish](https://millionrounds.com/company/blowfish) - [SPICYEST](https://millionrounds.com/company/spicyest) - [*S* Sipher](https://millionrounds.com/company/sipher) - [Econia Labs](https://millionrounds.com/company/econia-labs) - [Dora](https://millionrounds.com/company/dora) - [Florida Street](https://millionrounds.com/company/florida-street) - [*SP* Sense Pool](https://millionrounds.com/company/sense-pool) - [Paras](https://millionrounds.com/company/paras) - [Cega](https://millionrounds.com/company/cega) - [Harpie](https://millionrounds.com/company/harpie) - [Trisolaris](https://millionrounds.com/company/trisolaris) - [Rhea Finance](https://millionrounds.com/company/rhea-finance) - [Rhythmic](https://millionrounds.com/company/rhythmic) - [Nebulous](https://millionrounds.com/company/nebulous) - [Sia](https://millionrounds.com/company/sia) - [DerivaDEX](https://millionrounds.com/company/derivadex) - [Stablehouse](https://millionrounds.com/company/stablehouse) +3 more ## Stage not reported 20 - [Polymarket](https://millionrounds.com/company/polymarket) - [Ava Labs](https://millionrounds.com/company/ava-labs) - [MegaETH](https://millionrounds.com/company/megaeth) - [Axelar Network](https://millionrounds.com/company/axelar-network) - [Solend](https://millionrounds.com/company/solend) - [Commonware](https://millionrounds.com/company/commonware) - [Anchor Protocol](https://millionrounds.com/company/anchor-protocol) - [Avalanche](https://millionrounds.com/company/avalanche) - [Commonwealth Labs](https://millionrounds.com/company/commonwealth-labs) - [*M* Monad](https://millionrounds.com/company/monad) - [PartyDAO](https://millionrounds.com/company/partydao) - [RSS3](https://millionrounds.com/company/rss3) - [Mahjong Meta](https://millionrounds.com/company/mahjong-meta) - [Bitget](https://millionrounds.com/company/bitget) - [Coin Metrics](https://millionrounds.com/company/coin-metrics) - [Showtime](https://millionrounds.com/company/showtime) - [*K* Kikitrade](https://millionrounds.com/company/kikitrade) - [*ON* Orderly Network](https://millionrounds.com/company/orderly-network) - [*RF* Ref Finance](https://millionrounds.com/company/ref-finance) - [XProtocol](https://millionrounds.com/company/xprotocol) ## Series A 10 - [Variational](https://millionrounds.com/company/variational) - [Caldera](https://millionrounds.com/company/caldera) - [Hashflow](https://millionrounds.com/company/hashflow) - [Tagomi](https://millionrounds.com/company/tagomi) - [Skolem Technologies](https://millionrounds.com/company/skolem-technologies) - [*CF* Cozy Finance](https://millionrounds.com/company/cozy-finance) - [dYdX](https://millionrounds.com/company/dydx) - [Parcl](https://millionrounds.com/company/parcl) - [Galactic Holdings](https://millionrounds.com/company/galactic-holdings) - [PoolTogether](https://millionrounds.com/company/pooltogether) ## Series C and later 4 - [Mesh](https://millionrounds.com/company/mesh) - [InfStones](https://millionrounds.com/company/infstones) - [.bit](https://millionrounds.com/company/bit) - [Matrixport](https://millionrounds.com/company/matrixport) ## Series B 3 - [Babel Finance](https://millionrounds.com/company/babel-finance) - [BloXroute Labs](https://millionrounds.com/company/bloxroute-labs) - [SynFutures](https://millionrounds.com/company/synfutures) ## Segment by segment ### Pre-seed and seed 27 startups · $273M raised - [**Nexus**](https://millionrounds.com/company/nexus) neXus is a leading and fast-growing international provider of IT security solutions. United States $41M - [**Arbelos Markets**](https://millionrounds.com/company/arbelos-markets) Arbelos Markets provides unprecedented access and transparency to counterparties through powerful technology. United States $28M - [*IC* **Inversion Capital**](https://millionrounds.com/company/inversion-capital) United States $27M - [**Entropy**](https://millionrounds.com/company/entropy) Entropy provides crypto custody services to keep private keys secure and make assets available on demand. United States $25M - [**Codex**](https://millionrounds.com/company/codex) Codex is a stablecoin infrastructure company built on Ethereum, focusing on high-throughput, EVM-equivalent Layer 2 blockchain solutions. United States $21M - [**Goldsky**](https://millionrounds.com/company/goldsky) Goldsky is a San Francisco-based Web3 developer platform founded in 2021. United States $21M - [**Parallax**](https://millionrounds.com/company/parallax) Parallax offers a crypto platform where users can seamlessly pay and get paid in crypto and cash. United States $17M - [**Blowfish**](https://millionrounds.com/company/blowfish) Blowfish detects and prevents fraud before any fraud occurs. Spain $12M ### Stage not reported 20 startups · $3.6B raised - [**Polymarket**](https://millionrounds.com/company/polymarket) Polymarket is the largest prediction market platform globally, allowing users to trade shares on the outcomes of real-world events. United States $3.0B - [**Ava Labs**](https://millionrounds.com/company/ava-labs) Ava Labs is a technology company based in New York City, specializing in blockchain innovation and the development of digital asse United States $230M - [**MegaETH**](https://millionrounds.com/company/megaeth) MegaETH is the first blockchain in real time. United States $50M - [**Axelar Network**](https://millionrounds.com/company/axelar-network) Axelar Network is a decentralized interoperability platform that serves as a universal router for the Web3 ecosystem. Canada $30M - [**Solend**](https://millionrounds.com/company/solend) Solend is a DeFi borrowing and lending platform that allows users to borrow or lend crypto funds. United States $26M - [**Commonware**](https://millionrounds.com/company/commonware) Commonware is a crypto infrastructure startup that develops blockchain primitives to assist developers in optimizing their networks. United States $25M - [**Anchor Protocol**](https://millionrounds.com/company/anchor-protocol) Anchor Protocol is a savings platform that provides crypto natives, fintech companies, and investors a stable, high interest rate finance. South Korea $20M - [**Avalanche**](https://millionrounds.com/company/avalanche) Avalanche.org is a nonprofit public information and education partnership between the American Avalanche Association and the US Fo United States $20M ### Series A 10 startups · $192M raised - [**Variational**](https://millionrounds.com/company/variational) Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives, built on Arbitrum. Cayman Islands $52M - [**Caldera**](https://millionrounds.com/company/caldera) Caldera is a British industrial technology company founded in 2017, specializing in electric Storage Boilers that convert renewabl United States $28M - [**Hashflow**](https://millionrounds.com/company/hashflow) Hashflow is a multichain decentralized exchange (DEX) aggregator and liquidity layer in the cryptocurrency sector, founded in 2019 United States $25M - [**Tagomi**](https://millionrounds.com/company/tagomi) Tagomi is a cryptocurrency trading platform that provides access to priced liquidity, low commissions, and maximized client return. United States $23M - [**Skolem Technologies**](https://millionrounds.com/company/skolem-technologies) Skolem provides robust institutional-grade asset management and execution services for hedge funds, treasuries, and service providers. United States $20M - [*CF* **Cozy Finance**](https://millionrounds.com/company/cozy-finance) Cozy Finance provides a permissionless, peer-to-peer protection solution from smart contract failure. United States $15M - [**dYdX**](https://millionrounds.com/company/dydx) dYdX is a decentralized, open-source cryptocurrency trading protocol that operates on its own blockchain, the dYdX Chain. United States $10M - [**Parcl**](https://millionrounds.com/company/parcl) Parcl 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 - [**Mesh**](https://millionrounds.com/company/mesh) Electronics-focused Venture Capital Firm United States $81M - [**InfStones**](https://millionrounds.com/company/infstones) InfStones is a blockchain infrastructure provider that specializes in Platform as a Service (PaaS). United States $68M - [**.bit**](https://millionrounds.com/company/bit) BIT, or Behavioural Insights Team, is a global social purpose company and behavioural science consultancy founded in 2010. United Kingdom $51M - [**Matrixport**](https://millionrounds.com/company/matrixport) Matrixport is a digital assets financial services platform where users can invest, trade, and leverage crypto assets. Singapore $38M ### Series B 3 startups · $172M raised - [**Babel Finance**](https://millionrounds.com/company/babel-finance) Babel Finance is a global cryptocurrency financial institution founded in 2018 and headquartered in Hong Kong, with a secondary of Hong Kong SAR China $80M - [**BloXroute Labs**](https://millionrounds.com/company/bloxroute-labs) BloXroute is a blockchain distribution network that helps in scaling blockchains to thousands of transactions/second on-chain. United States $70M - [**SynFutures**](https://millionrounds.com/company/synfutures) SynFutures 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. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Co-investors **Who invests with Dragonfly Capital Partners** 105 co-investors](https://millionrounds.com/portfolio-maps/dragonfly-capital-partners-co-investors)[Portfolio map **Dragonfly Capital Partners portfolio map** 94 startups · $7.0B](https://millionrounds.com/portfolio-maps/dragonfly-capital-partners-portfolio-map)[Sector portfolio **Techstars' AI portfolio** 336 startups · $4.9B](https://millionrounds.com/portfolio-maps/techstars-ai-portfolio)[Sector portfolio **Alumni Ventures' AI portfolio** 302 startups · $36B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-ai-portfolio)[Sector portfolio **Andreessen Horowitz's AI portfolio** 259 startups · $426B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-ai-portfolio)[Sector portfolio **General Catalyst's AI portfolio** 226 startups · $179B](https://millionrounds.com/portfolio-maps/general-catalyst-ai-portfolio) ## Raising from investors like Dragonfly Capital Partners? 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