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Strategy
Recent changes
- Sep 5, 2026Sep 5, 2026Check size updated: $3M–$30M+ dragonfly.xyz
- Sep 5, 2026Sep 5, 2026Stages updated: Seed, Series A, Series B dragonfly.xyz
- Sep 5, 2026Sep 5, 2026Sectors updated: Crypto, Blockchain dragonfly.xyz
- Jul 1, 2026Jul 1, 2026Invested in Venice AI (Series A, $65M) TechCrunch
Portfolio
3 totalRecent Investment Activity
1Track record: led 1 and participated in 0 of 1 tracked venture round · 1 in the last 12 months · led 1 Series A
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Jul 1, 2026 | Venice AI | Series A | Led | $65M | $1B | TechCrunch |
Sector / Stage Activity
Co-Investors
12Similar Firms
overlapping sector, stage or regionLatest Pulse
- Jul 1, 2026Venice AI Becomes a Unicorn With $65M Series A as Its Privacy-First Platform Takes OffVenice AI closed a $65 million Series A on July 1 at a $1 billion valuation, led by crypto-focused VC firm Dragonfly with Coinbase Ventures and North Island Ventures participating. The platform aggregates access to 200+ AI models with client-side encryption and no server-side data storage, and says it's already profitable at more than $70 million in annualized revenue with 3 million active users.→
- Jul 1, 2026Venice AI Becomes a Unicorn With $65M Series A as Its Privacy-First Platform Takes OffVenice AI, the privacy-first generative AI platform founded by Erik Voorhees, closed its first-ever external raise on July 1: a $65 million Series A at a $1 billion valuation, led by crypto-focused firm Dragonfly with Coinbase Ventures and North Island Ventures participating. The company is already profitable, with annualized run-rate revenue above $70 million and 3 million-plus active users.→
Dragonfly Capital FAQ
What companies has Dragonfly Capital invested in?
Dragonfly Capital's portfolio includes Polymarket, Venice AI, Avalanche Treasury Corp.
Who does Dragonfly Capital co-invest with most?
In the rounds Value Add tracks, Dragonfly Capital most often invests alongside Coinbase Ventures (2 shared deals), ParaFi Capital (2 shared deals), 1789 Capital (1 shared deal), Archetype (1 shared deal), Blockchain Capital (1 shared deal).
Sources & methodologyshow
- TechCrunchmajor outlet1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.