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Dragonfly Capital, a leading cryptocurrency venture capital firm, is seeking to raise $500 million for its fourth fund, according to a report from Bloomberg. This new fund will focus on investing in early-stage projects. The move comes as the crypto market shows signs of recovery, with $2.2 billion raised in 2024 so far, nearing the $2.6 billion raised last year. The fundraising effort by Dragonfly Capital is part of a broader trend of renewed interest in the crypto sector, following a period of regulatory challenges and the fallout from the FTX scandal.
.@DCPCapital aims to raise $500 million for its fourth fund, which will target early-stage projects, according to a report on Wednesday. By @JamieCrawleyCD https://t.co/UCAHVC2tRX
VC FUNDS ARE COMING BACK IN CRYPTO—$2.2B RAISED SO FAR! VCs are feeling crypto again! According to PitchBook, $2.2 billion has been raised in 2024, closing in on the $2.6 billion raised last year. Crypto’s rebound from the FTX scandal and regulatory nightmares is slowly… https://t.co/yIdFcyydRh
Dragonfly wants to raise $500 million for its fourth fund: report https://t.co/iuVE783KwL
