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Dragonfly Raises $650M for New Crypto Fund Amid Bear Market
UndisclosedCryptoVenture Capital

Dragonfly Raises $650M for New Crypto Fund Amid Bear Market

•February 17, 2026
•Feb 17, 2026
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Dragonfly

Dragonfly

company

Deal Summary

Crypto venture capital firm Dragonfly announced it has raised $650 million for its latest fund, despite a challenging bear market for digital assets. The capital will be used to back early‑stage crypto and Web3 startups, underscoring continued investor appetite for crypto infrastructure.

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