Dragonfly Capital Completes $650 Million Fourth Fund, Early Bets on Polymarket and Rain

Odaily News Dragonfly Capital announced the completion of its fourth fund, raising $650 million. Dragonfly Capital partner Rob Hadick stated that this fundraising round benefited from early investments in projects such as Polymarket and Rain. Dragonfly Capital was co-founded by Alex Pack and Bo Feng in 2018 and is currently led by Haseeb Qureshi and Tom Schmidt. Tom Schmidt pointed out that the token landscape in the crypto industry is shifting from application-native tokens towards tokenized products representing real-world assets. The growth of digital-native currencies from zero to trillions in scale within 10 years represents a long-term structural trend.