Multiple Ivy League universities, KKR back Dragonfly's new $650 million fund (via fintechfrank)
Dragonfly's Qureshi said that the new fund will target the new wave of crypto entrepreneurs building in web3 and more nascent corners of the market.
These founders, according to Qureshi, need their investors to participate in token economics, go-to-market, product strategy, and hiring. The approach speaks to the breadth of crypto investors, which are becoming increasingly more hands-on with their portfolio companies and projects. Even newer market participants like Sequoia Capital have recognized the unique needs of crypto firms.
Dragonfly has invested in a wide range of companies, including blockchains like Terra and Near and financial services like Matrixport and Paradigm.
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