Mode VC
California

Dragonfly

Dragonfly, based in California, backs crypto and Web3 startups at Seed, Series A, and Series B, often leading rounds with checks from $3 million to over $30 million.

Website LinkedIn XPitch page
Entry stageSeed, Series A, Series B
Check size$3M to $30M+
Leads roundsYes
FocusCrypto
Latest fund$650M Fund IV
Investing team8 peopleNo activity since Sep

Who you would pitch at Dragonfly

8 people on the investing team, 7 of them partners who can make the call. Partners are listed first.

Bo FengManaging PartnerHe previously launched the China business of Robertson Stephens and has invested in crypto since 2014.
Haseeb QureshiManaging PartnerHe previously worked as a software engineer and a professional poker player.
Rob HadickGeneral PartnerHe previously held investment roles at GoldenTree Asset Management, Heritage Partners, Goldman Sachs, and PJT Partners.
Tom SchmidtGeneral PartnerHe previously held product roles at Instagram, Facebook, and 0x.
Elton ChangJunior PartnerHe also holds a Junior Partner role at Dragonfly Capital Partners.
Gengmo QiPartnerHe previously worked as a Researcher & Engineer.
Omar KanjiPartnerHe has worked in professional crypto investing for over seven years.
Joshua LimLiquid Portfolio Analyst

Work here and something is wrong? Ask for a correction.

Writes $3M to $30M+ checks. Its smallest check is larger than 93% of firms in the atlas.

Bars: how many firms in the atlas report each band. Highlighted: this firm.

No recent activity since September 2026. Quiet does not mean closed.

Weekly count of activity updates. Activity is not a confirmed deal.

Before you pitch

How to reach them[email protected]

Notable investments

BybitPolymarketNEAR FoundationDune AnalyticsEthenaMonadMegaETHAvalancheAptosAnchorage Digital

In their words

DragonflyDragonfly is a global investment firm. We back researchers and builders reinventing money and markets.dragonfly.com
Founders and investors at a Mode VC gathering

Send Mode VC your deck

Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

Send your deck

Alert me when Dragonfly is active

One email when this firm shows new activity. Nothing else.

Firms like Dragonfly

Framework Ventures$3M to $30M+ · active Oct 9
Foundation Capital$1M to $30M+ · active Sep 25
Haun Ventures$3M to $30M+
Polychain Capital$1M to $30M+
Electric Capital$1M to $30M
Griffin Gaming Partners$1M to $30M+ · active Sep 24

On these lists

Seed crypto investors in California46Series A crypto investors in California29Series B crypto investors in California10Seed investors in United States2836Series A investors in United States1790Seed investors in California699Series B investors in United States563Series A investors in California480

Questions

What stage does Dragonfly invest in?

Dragonfly reports entry at seed, series a, series b.

How much does Dragonfly invest?

Dragonfly reports checks of $3M to $30M+.

Does Dragonfly lead rounds?

Yes. Dragonfly says it can lead.

Who are the partners at Dragonfly?

Bo Feng (Managing Partner), Haseeb Qureshi (Managing Partner), Rob Hadick (General Partner), Tom Schmidt (General Partner), Elton Chang (Junior Partner), Gengmo Qi (Partner).

Is Dragonfly active right now?

No recent activity since September 2026.

Work at Dragonfly? Claim or correct this profile.