Sylvia is Chief Financial Officer. Dragonfly Capital has 3 funds, including Dragonfly Ventures III. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In general, 2022 is looking to be another hot year for crypto in terms of capital investments. Previously, Michal was a Contracts Specialist at Bloomberg, where she assisted the firm in managing contracts and rapport with client executives. She is a chartered accountant and holds an ACCA certificate as well as a Bachelor in En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. Trade Idea 2: Buy the stock on a move over 93.50 and add an October 90/85 Put Spread ($1.65) while selling the October 105 Calls (90 cents). He holds a BS in Computer Science from University of Pennsylvania. Copyright 2023 CB Information Services, Inc. All rights reserved. News and analysis for the professional investor. Headquarters. After working as a software engineer, Qureshi caught the crypto bug in 2017, he joked. , . There is an opportunity to solve the very real global challenge of financial access with less complexity through blockchain and decentralisation; XLDs blockchain-based products will become as relevant as more traditional options, said Brian Lu, Founding Partner of IVC. She oversees venture operating teams & initiatives, including legal, regulatory, business & fund operations, and finance. Trade Idea 1: Buy the stock on a move over 93.50 with a stop at 90. We focus on the specific needs of management and owners of small and middle-market companies. Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund, according to a new regulatory filing. Dragonfly Capital ("Dragonfly") is a leading global, crypto-focused investment firm that partners with crypto founders in all stages of development, from seed to series D, to liquid tokens. Recur, the NFT Platform to Shut Though $50M Raised in Series A, Dragonfly Capital has hit its third asset with $650 million in capital, The associations assets under management have touched around $3 billion, The asset will zero in on all phases of blockchain and crypto organizations making new computerized economies. Casey is Head of Portfolio Support. 27, 2022 The Dragonfly Ventures III Fund more than doubles the $300 million raised for the firm's two previous funds. Submitters are 7x more likely to receive a qualified connection. Your email address will not be published. Theres significantly more premium in crypto speculations from customary VCs or crypto VCs, yet in addition conventional establishments that are presently getting into crypto ventures since they understand how significant this stuff is. Eileen graduated from Indiana University. Dragonfly Capital raises fresh funds worth $650 million. Dragonfly indicated that it doesnt expect the offering to remain open for more than one year. Jessica is Legal Counsel. Dragonfly generated net sales of $19.3 million in the second quarter, in line with the Company's $18.0 to $22.0 million revenue guidance. Bankruptcy-Escape Plan: Celsius to Vote after Court Approval, Bored Ape Yacht Club Sued Sotheby Citing False Promotion. They focus on the specific needs of management and owners of small and middle-market companies. Dragonfly Capital is an investment banking firm operating from Charlotte, North Carolina and Charleston, South Carolina. Previously, he led sanctions compliance at Carta and served in the US Department of the Treasury. With Fund III, we can back teams throughout their lifecycle and new founders as their companies mature., Read more: A16z Forms Crypto Research and Coding Unit to Help Web 3 Startups. We love the weird stuff. Save my name, email, and website in this browser for the next time I comment. MetaStable Capital had $400 million in AUM as of July 31. Brevan Howard Continues Digital-Asset Push With Crypto Fund Takeover, Crypto asset manager Dragonfly Capital spinning off fund, Fund will operate under Brevan Howards digital asset division. CBI websites generally use certain cookies to enable better interactions with our sites and services. When typing in this field, a list of search results will appear and be automatically updated as you type. The new Dragonfly Ventures III fund more than doubles the $300 million raised in the firms prior two funds combined. She has 18 years of experience providing high-level administrative support in a broad range of global organizations which has fine-tuned her skillset as an Executive Wing Woman. Dragonfly Capital | Investment Banking | Charlotte, NC & Charleston, SC Investing in crypto assets is highly speculative and the market is largely unregulated. Gengmo holds a MS in Computer Science from Cornell and is a published author in the top academic Machine Learning conference ICCV. The new fund will allow Dragonfly Capital to lead rounds in later-stage companies, Dragonfly Capital General Partner Tom Schmidt told CoinDesk in an email. Previously she led development at DCG and post-investment at FFF. Global from day one. About Dragonfly CapitalDragonfly Capital ("Dragonfly") is a leading global, crypto-focused investment firm that partners with crypto founders in all stages of development, from seed to series D, to liquid tokens. Dragonfly Capital Partners - Fund Info - Crypto Fund Research Demetrios holds a BS in Accountancy from DePaul University. Lindsay holds a Law degree from Harvard and a Math degree from University of Virginia. Irfan went on to say that the self-imposed quarantine was his own initiative to make sure that he and his family members, who had lived with him in Beijing, were not infected with the 2019-nCoV virus. Dragonfly - Crunchbase Investor Profile & Investments Hello, friends, and welcome to . Viola is a Paralegal. By continuing to use this site you are consenting to these choices. Kadin is a Junior Partner. This study used analysis tools of Structural Equation Modeling (SEM). Finance. As people show up and build, theyll determine where the future [of crypto] is going.. The most recent was the Dragonfly Ventures Fund II, which launched in late 2020 with a target of raising $200 million. The investment marks the largest bet on a wallet company by Dragonfly Capital, a venture capital firm with around $3 billion in assets under management, said Deng. The crypto market is indicating that things are not pulling back as assets and financial backers the same keep on conveying gigantic measures of capital into the environment. 00 Home 01 About 02 Research 03 Team 04 Portfolio 05 Careers. The administrative headquarters is in the town of Tulungagung. See open positions and apply today to be hand-matched to qualified roles. Prior, he was Lead Technical Recruiter at Heap and did engineering hiring at Dropbox and Google. Previously, she worked as Head of People at Metagood and Paradigm, and sole People and Ops Manager for Stellar Development Foundation. Dragonfly Capital - Crunchbase Investor Profile & Investments Previously she led China and US technology investing at various hedge funds. The fund will focus on all stages of blockchain and crypto companies creating new digital economies. Limited partners included global investment giants Tiger Global, KKR and Sequoia China, among others. Ivan holds a degree in Computer Science from Stanford and a Masters Degree in Mathematics from Moscow State University. ($0.0 MM Offered, $0.0 MM Sold). xSpend was introduced to the Malaysian market in June 2022 after debuting in the Philippines, Indonesia, Vietnam, India, and Bangladesh. The venture capital firm recently joined the $150 million funding round for the Near blockchain. From protocols to exchanges to apps and beyond, we back teams building generational companies and products in crypto across sectors and stages. We havent always had the funds to lead further rounds and double down on teams we believe in, Schmidt said. Moreover, the capital scene has changed emphatically since Dragonflys past assets, Qureshi said. Dragonfly recently raised over $650 million for its new investment fund. The growth of the crypto sector is not just affecting investors but companies and institutions, too, Qureshi noted. Dragonfly employs an opportunistic strategy and invests across all stages in blockchain and cryptocurrency companies, native protocols, and digital assets, seeking to identify . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Track the AUM, funds, and holdings for Dragonfly Digital Management LLC over time. Dragonfly is a fund manager, a global, crypto-native venture firm, supported by a highly technical research team with an understanding of core crypto technology. XLD Finances roadmap includes a crypto settlement API for merchants, an algorithmic stablecoin, and a web3 wallet Software Development Kit (SDK). Have a confidential tip for our reporters? Dragonfly Capital ("Dragonfly") is a leading global, crypto-focused investment firm that partners with crypto founders in all stages of development, from seed to series D, to liquid tokens. Will it be enough to spook prospective investors? Previously, he was the first recruiter and Head of Talent at 0x Labs. Dragonfly Capital led the round with participation from KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixpor, Bixin Capital, Danhua Capital, Peak Capital and YM Capital. People in emerging economies often encounter barriers that prevent them from creating financial accounts, paying for goods and services without their physical presence, sending money to loved ones at a low cost, accessing affordable credit, and building a savings portfolio, all of which prevent them from experiencing a better quality of life. You can read more about your. Rune is the founder of MakerDAO, the largest decentralized stablecoin in existence today. Dragonfly Capital has had 1 exit, which was Animoca Brands. Lindsay is Chief Operating Officer. Since August 2021, IVC has over 150 portfolio investments, and has made numerous strategic investments into a diverse range of startups including Yield Guild Games (YGG) and the Japanese yen-pegged stablecoin, JPYC. It launched its first ecosystem project, xSpend, in January 2022, allowing users to spend their GameFi tokens and stablecoins to pay utility bills, buy mobile credits, and purchase goods and services using only their Metamask, Phantom, or Ronin wallet. Following the success of the original $100 million fund kickstarted in late 2018, the Dragonfly Fund II will target four potential areas: decentralized finance (DeFi) protocols, non-fungible token projects, Ethereum Layer 2-based businesses, and centralized finance (CeFi) platforms. These teams are hiring top talent to help them solve hard problems and build generational products and protocols. The biggest crypto news and ideas of the day. He is regarded as one of the first people to thoroughly explore MEV in the industry. Lisa holds a BA in Art History, minor in Religious Studies from SFSU, and an MA in International Policy Studies from Middlebury. XLD Finance raises $13M pre-series A funding led by Dragonfly Capital and Infinity Ventures Crypto - TechNode Global, Dragonfly Capital leads $6 million seed funding round for Ethereum stablecoin developer Ethena: Axios, NFT Lender Gondi Launches With $5.35M Funding Round From Major Investors - Crypto News Flash, Nft Lender Gondi Raises $5.3M Round From Hack.vc, Dragonfly, Pantera, Others. The oversubscribed fund was closed at its hard cap and received strong support from institutional limited partners including leading Ivy League endowments, KKR, Tiger Global, Sequoia China, Invesco, US pensions, and sovereign wealth funds. Dragonfly Capital is a private equity company based in Charlotte, NC. News and analysis for the professional investor. Youd be missing the core mechanics of what youre investing in.. The Dragonfly portfolio includes the Avalanche blockchain, crypto exchange Bybit and blockchain interoperability project Cosmos. Updated May 11, 2023 at 7:16 p.m. UTC. Crypto VC Firm Dragonfly Raising $500M for New Fund - CoinDesk She supports Dragonfly's finance and other back-office operations. The biggest crypto news and ideas of the day. We support teams tackling big, wicked problems and pushing the boundaries of the industry. Dragonfly Capital - Investments, Portfolio & Company Exits - Crunchbase Lawrence is a Blockchain Security Engineer. Hear the latest economic, business and market news, as well as global, national, and local news. Gordon is the Founder and CEO at General Mining Research, investing in computing power and related infrastructure to support Web3 and AI. Most of our investment team previously worked at crypto startups and we lean on this hands-on experience to help entrepreneurs navigate the difficult parts of creating amazing companies in this space," said Tom Schmidt, General Partner at Dragonfly. Matt is Head of Investor Relations. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. When we first started investing, the entire market for crypto was a few hundreds of billions and now its in the multitrillions., Additionally, the capital landscape has changed dramatically since Dragonflys previous funds, Qureshi said. This kernel is a newer version of NDataX. The honest reality is that we dont know. The foregoing is for informational purposes only and is not an offer to purchase or sell any security, and should not be used as the basis for any investment decision. We back the best researchers and builders who will push the entire crypto ecosystem forward. He leads the firms capital raising efforts and manages relationships with the firms institutional investors. Ivan is a Research Partner. Dragonfly Capital has 3 team members, including current Founder, Managing Partner, Don W Millen. Dragonfly has acquired renowned cryptocurrency hedge fund . Limited accomplices included worldwide venture goliaths Tiger Global, KKR and Sequoia China, among others. Head to consensus.coindesk.com to register and buy your pass now. IVC was founded to empower and invest in pioneering GameFi, DeFi and Web3 startups. Investor Type Venture Capital. Nadia holds degrees in International Relations from San Francisco University and the London School of Economics and Political Science. Brevan Howard Hires Dragonfly Capital Veteran as Digital Portfolio Manager It's an exciting moment in the history of web3 and we're eager to partner with the next generation of builders," said Haseeb Qureshi, Managing Partner at Dragonfly. Chen holds a BA in Law from China Foreign Affairs University and a Master of Laws degree from the University of Warwick. Zack holds a BA in English Rhetoric and Composition from Pepperdine University. Great funds start with great people. Crypto wallet BitKeep announced Wednesday the close of a $15 million Series A round at a $100 million post-money valuation. We invest in our companies, partners, and team members for the long term. Dragonfly Capital has made 32 investments. Home Dragonfly Capital raises fresh funds worth $650 million. CoinDesk journalists are not allowed to purchase stock outright in DCG. That main difference with Dragonflys effort: The crypto market is currently a sea of red. @ @ @ @ @ @ @@ @ @@ @@ @ @ @ @ @ @ @ @ @@ @ @@ @@ @ @ @ @ @ @@ @ @ @ @ ( #@ @ @@ @ , @ @ @ / @ @@ * @ @ @ @ @ @ @@.%% # @ @ @ @ @@ @@ % %@ & @ @ @ @ @@@ @@ @ @ @ @ @ @ @@ @ @@ @@ @ @ @@ @@ % @@. We also explain the strengths and weaknesses in the development of Sendang Agropolitan, to be a concern for Tulungagung Regency to follow up the issue. CoinDesk recently wrote about the presence of the asset in January when administrative filings showed a $500 million objective. By signing up you agree to receive content from us. With a global team of over 40 professionals, Dragonfly focuses on working closely with founders to solve their most pertinent problems on tech, product and go to market. The new assets size places Dragonfly comparable to Sequoia Capital and Bain Capital, which each as of late made almost $600 million crypto responsibilities, and further demonstrates that the investment free for all that drove record high asset measures last year hasnt dialed back. According to one partners LinkedIn profile, the firm now has over $2 billion in AUM. Last year, more than $30 billion was raised by crypto companies and about $13 billion has been raised within the first four months of 2022, according to data from PitchBook. Head to consensus.coindesk.com to register and buy your pass now. Direct links to the EDGAR source material. Your email address will not be published. The present proof of the pattern: Dragonfly Capital, a crypto-focused trading company, shut its third endeavor store for $650 million, the companys overseeing accomplice, Haseeb Qureshi, told TechCrunch. Previously, he helped lead crypto investing at GoldenTree Asset Management. That main difference with Dragonflys effort: The crypto market is currently a sea of red. If the raise is a success, Dragonfly will be the latest high-value fund to emerge in recent months. Dragonfly Capital Secures $650M for Third Crypto Fund Jan 25, 2022 at 8:22 p.m. UTC. Dragonfly Capital is an investment banking firm headquartered in Charlotte, North Carolina. Scott received his JD from American University, during which he clerked for the SEC, CFTC and FINRA. We've updated the dispute procedures in our. Dragonfly Capital assists business owners seeking liquidity and private companies seeking capital for growth.Dragonfly Capital works with companies in sectors. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Also, the market has also grown so much. For more information, please visit https://dcp.capital. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! We believe in XLDs vision of providing infrastructure for financial inclusion in emerging markets. Top 30+ Crypto Fund Asset Managers in 2023: Pros&Cons, Ranked Bryan holds a JD and MBA in Finance from Fordham and a BS in Finance from the Kelley School of Business at Indiana University. In the spring, the dragonfly is the first to emerge from the frost into the fresh, green world. Brandy covered crypto-related venture capital deals for CoinDesk. Prior, he was the CCO for Reality Shares, Blockforce Capital, and at FINRA. [They] are scrambling to figure out how to retool themselves and start understanding how this paradigm shift coming from the crypto industry will affect what they do and how they run their businesses., Its really clear that the whole world now realizes how important this industry is, Qureshi said. BitKeep has closed a $15 million Series A round at a $100 million valuation. . Dragonfly Capital - HedgeFundJobList Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. (Bruce Bennett/Getty Images) Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund . Patrick holds an MA in Russian affairs from Stanford, a BA in linguistics from UPenn, and the title of Certified Anti-Money Laundering Specialist (CAMS). The new Dragonfly Ventures III asset dramatically increases the $300 million brought up in the associations earlier two assets consolidated. Investment Stage Early Stage Venture, Seed. Dragonfly Capital Partners Fund Manager Profile | Preqin Previously, she was a senior portfolio accountant with BNP Paribas Securities Services for 2 years and served as the head of funds delivery with IQEQ for more than 8 years. Elaine Leong is a Finance Manager, with over 13 years of experience in Accounting and Rune is based in Denmark. In doing so, Dragonfly dropped the word. Industries. Lisa is Head of People. Since its inception in 2018, Dragonfly has established a strong track record and invested over $700 million of capital across seed, series A, series B, and liquid crypto deals. Digital-asset venture capital firm Dragonfly has acquired MetaStable Capital. Market leader The new asset will permit Dragonfly Capital to lead adjusts in later-stage organizations, Dragonfly Capital General Partner Tom Schmidt told CoinDesk in an email. Number of Exits 4. Michal holds a degree in Psychology (Magna Cum Laude) from Penn State University where she graduated with honors. The asset was oversubscribed, with restricted accomplices including Tiger Global, KKR, Sequoia China, Ivy League blessings, Invesco, Top Tier Capital Partners, and an undisclosed Southeast Asian state-possessed venture organization, among others. BlueFly Kernel is yet another custom kernel, designed for stability & performance. Judy holds a BA from Long Island University where she graduated with honors. The Jersey, Channel Islands-based firm that has some $30 billion in assets under management has entered into an agreement to assume an actively-managed Dragonfly fund, according to people familiar with the matter who asked not be named because they werent authorized to share information about the transaction. What financial advisors need to know about crypto. The firm initially planned to raise $500 million, according to a filing with the U.S. Securities and Exchange Commission in January 2022. Launched in 2018 with $100 million in assets under management (AUM), Dragonfly is an investment firm focusing on cryptocurrencies, new protocols and startups. In April, Dragonfly closed its third fund, with $650 million in committed capital to invest in blockchain and crypto companies creating "new digital economies." The same month, Brevan Howard . Dragonfly Acquires Crypto Hedge Fund MetaStable Capital, Rebrands Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund, according to a new regulatory filing. Dragonfly Capital Tumblr Dragonfly Capital Systematic Alpha Electric Capital Electric Capital ParaFi Capital Bitwise CoinFund Wave Financial Group 10T Holdings BlockTower Capital Off The Chain Capital Hazoor Partners Cambrian Asset Management Galois Capital Shima Capital Eaglebrook Advisors Sino Global Capital Walden Bridge Capital Stratified Capital Dragonfly Capital closed its third venture capital fund in April with $650 million, pushing the firm's assets under management to around $3 billion even as digital asset prices pulled back. He is one of the earliest proponents of blockchain in China and is an early backer of crypto teams. The fund was oversubscribed, with limited partners including Tiger Global, KKR, Sequoia China, Ivy League endowments, Invesco, Top Tier Capital Partners and an undisclosed Southeast Asian state-owned investment company, among others. I want to see a future where anyone with a mobile phone or computer and internet access can use bank-like financial tools via their preferred DeFi protocol or exchange, said XLD Finance Co-founder and Chief Executive Officer Ian Estrada. Yiting is a Chartered Accountant and has more than 8 years of experience in the PE/VC Fund space. At PwC, he provided tax consulting and tax compliance services to his large portfolio of private equity clients. Tulungagung Regency (pronounced [tuloao]) is a regency (kabupaten) of East Java Province, Indonesia 2 and had a population of 990,159 at the 2010 Census and 1,089,775 at the 2020 Census; the official estimate as at mid 2022 was 1,105,337 (comprising 552,835 males and 552,502 females). Previously he was a GP at Meta Stable Capital. Mikh holds degrees in Organizational Behavior from Cornell University and Computer Science from Lehigh University. Dragonfly Andreessen Horowitz is reportedly doubling down on its already-prodigious crypto war chest with a $4.5 billion target for a pair of new funds. With a . Previously, she worked for Tishman Speyer, managing multiple properties in the Bay Area. Matt holds a BS in Finance and Real Estate from The Wharton School of the University of Pennsylvania. Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. Gordon is a venture partner. Dragonfly has raised over $300 million across two funds. Tom is a General Partner. Jessica holds a JD from NYU Law, an MBA from Kellogg and a BA from Northwestern University.
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