On November 15th, MakerDAO founder Rune Christensen announced that he has joined Dragonfly Capital, a venture capital firm, and served as an investment partner (Venture Partner) to cooperate to promote the development of the decentralized economy and support Dragonfly Capital’s entrepreneurial ecosystem .
Dragonfly Capital was established in 2018. An encrypted asset investment fund co-founded by Feng Bo, founder of Ceyuan Venture Capital.
Managed by experienced venture capital companies in the United States and Asia. It brings together the main participants of the distributed economy, and its global ecosystem can invest and support. The most promising opportunity in encrypted digital assets.
Another founding partner of the fund. Alexander Pack, the former head of investment in the Internet business of Bain Capital.
In March 2021, Dragonfly Capital announced that the second fund raised US$225 million (the first fund raised US$100 million). It focuses on investing in DeFi, NFT and Ethereum Layer 2 solutions and centralized financial infrastructure.
Sequoia China has invested in the fund as a limited strategic partner. Other partners include OKEx, Huobi, Bitmain and Bybit.
Up to now, Dragonfly Capital has invested in star projects, including Avalanche (Avalanche Agreement). Amber, Compound.Cosmos, Maker, Near, Nervos, StarkWare.1inch, Bybit, dYdX, MatterLabs, Paradigm, etc.