{"id":137421,"date":"2024-09-18T13:30:06","date_gmt":"2024-09-18T10:30:06","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137421"},"modified":"2024-09-18T00:38:28","modified_gmt":"2024-09-17T21:38:28","slug":"dragonfly-capital-seeks-500m-for-new-crypto-fund","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/dragonfly-capital-seeks-500m-for-new-crypto-fund\/","title":{"rendered":"Dragonfly Capital Seeks $500M for New Crypto Fund"},"content":{"rendered":"

The fund has already secured $250 million, reaching<\/a> <\/strong>the halfway point of its goal. The firm anticipates completing the fundraising by early 2025.<\/p>\n

The new fund will target early-stage investments in cryptocurrency and blockchain projects. Dragonfly has previously invested in over 100 digital asset ventures, including Ethena, Andrena, Cosmos, and Monad Labs. Its third fund, closed in 2022, was valued at $650 million.<\/p>\n

The rise in venture capital activity in the crypto sector reflects a broader trend, spurred by the January approval of Bitcoin<\/a> <\/strong>exchange-traded funds (ETFs) in the U.S. Pantera Capital is also raising $1 billion for its Pantera Fund V, targeting a wide range of blockchain assets.<\/p>\n