RATE Group | Dragonfly Capital Partners scoops up $100 million for cryptocurrency investments
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Dragonfly Capital Partners scoops up $100 million for cryptocurrency investments

09 Oct Dragonfly Capital Partners scoops up $100 million for cryptocurrency investments

Posted at 12:35h in Cryptocurrency News by

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Dragonfly Capital Partners has raised $100 million for its inaugural fund to invest in cryptocurrency startups.

The fund’s founding team is led by managing partners Alexander Pack, a young cryptocurrency venture capitalist who previously managed crypto and fund investing for Bain Capital Ventures, and Bo Feng, a venture capital veteran with more than 20 years of experience and founding partner of Ceyuan Ventures.

Dragonfly thinks it has identified a market opportunity to bridge the gap between East and West in the crypto economy, investing in and bringing together companies across geographies and asset types.

Pack has experience leading cryptocurrency and fund investments around the globe, and Feng has a track record of launching and managing multi-billion-dollar VC funds.

“Throughout our years of investing in crypto at our respective VC firms we realized how difficult it is for incumbent investment firms to participate in this tech trend. The issue is that crypto…

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