Crypto-focused Dragonfly Capital raising $500m for third VC fund

Crypto-focused Dragonfly Capital raising $500m for third VC fund

Chris Ratcliffe/Bloomberg

Dragonfly Capital Partners, a Silicon Valley-based crypto-focused venture capital (VC) firm, has filed to raise $500 million for its third VC vehicle and a feeder fund, a year after it sought to raise $200 million for its second fund.