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Learn which startups Dragonfly Capital Partners invests in, what size check sizes they write, and who their partners are (e.g. Haseeb Qureshi).
Dragonfly Capital is a venture investment firm dedicated to identifying and supporting foundational projects within the cryptocurrency and blockchain ecosystem. The firm deploys capital and provides strategic guidance to teams developing decentralized technologies and infrastructure globally. It focuses on the most promising areas of the digital asset space, aiming to back innovators who are pushing the boundaries of what is possible in web3.
Founded in 2018 by Haseeb Qureshi and Bo Feng, Dragonfly Capital emerged from the insight that the burgeoning crypto space required specialized expertise and a distinct investment approach. Qureshi and Feng leveraged their backgrounds to establish a firm uniquely positioned to navigate the complexities and rapid evolution of decentralized finance, NFTs, and other blockchain applications. Their vision was to bridge traditional venture capital with the unique demands of crypto-native ventures.
The firm partners with crypto founders and developers across all stages, from early-stage concepts to more established protocols, acting as a crucial enabler of innovation. Dragonfly Capital's long-term vision is to foster the growth and maturation of the entire cryptocurrency ecosystem, empowering the next generation of decentralized applications and infrastructure that will define the future of the internet.
Key people at Dragonfly Capital Partners.
Dragonfly Capital Partners is a private equity firm founded in 2017 that focuses on investments primarily in the consumer, healthcare, education, and technology sectors across Asia, with a strong emphasis on China. Its mission centers on facilitating buyout deals, especially in family businesses facing succession challenges, as well as participating in state-owned enterprise reforms and cross-border transactions between overseas companies and the Chinese market. The firm has made significant impacts on the startup and corporate ecosystem by backing major companies such as Ping An Insurance, Mengniu Dairy, Haier, and China International Capital Corporation, and by executing large-scale acquisitions like the $1.6 billion purchase of Sun Art from Alibaba[1].
Founded by David Liu and Julian Wolhardt, both former partners at Kohlberg Kravis Roberts (KKR) with deep experience in China-focused investments, Dragonfly Capital Partners leverages their expertise to navigate complex market dynamics. The firm raised $2.5 billion for its debut fund in 2019, marking it as one of the largest China-focused funds post the 2007-2008 financial crisis, attracting prominent global investors including GIC and Temasek Holdings[1].
Dragonfly Capital Partners rides the wave of China's evolving economic landscape, particularly the reform of state-owned enterprises and the increasing globalization of Chinese businesses. The timing is critical as China’s market opens to more private equity and cross-border investments, creating opportunities for firms that can bridge Western capital with Asian growth markets. By facilitating these transactions, Dragonfly influences the broader ecosystem by enabling modernization and expansion of key sectors such as consumer goods, healthcare, and technology[1].
Looking ahead, Dragonfly Capital Partners is poised to deepen its influence in Asia’s private equity space by continuing to capitalize on succession-driven buyouts and state-owned enterprise reforms. Trends such as increased regulatory clarity in China and growing demand for cross-border investment will likely shape its trajectory. The firm’s ability to leverage its founders’ expertise and global investor base positions it well to remain a key player in Asia’s evolving investment landscape[1].
Key people at Dragonfly Capital Partners.
