{"id":38040,"date":"2024-09-19T07:33:52","date_gmt":"2024-09-19T07:33:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dragonfly-capital-sets-sights-on-500-million-for-new-fund\/"},"modified":"2024-09-19T07:33:52","modified_gmt":"2024-09-19T07:33:52","slug":"dragonfly-capital-sets-sights-on-500-million-for-new-fund","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dragonfly-capital-sets-sights-on-500-million-for-new-fund\/","title":{"rendered":"Dragonfly Capital Sets Sights on $500 Million for New Fund"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Leading crypto venture capital firm Dragonfly Capital is trying to raise $500 million for its fourth fund, which will focus on blockchain and cryptocurrency startups in their early stages. The San Francisco-based company hopes to meet its target by the first quarter of 2025, and according to a Bloomberg article, it has already raised $250 million.<\/p>\n<h2>Strategic Fundraising During a Challenging Market<\/h2>\n<p>Following its third fund, which closed with $650 million in April 2022, just before the collapse of the cryptocurrency market, is Dragonfly\u2019s fourth fund. A protracted bear market was spurred on by the <a href=\"https:\/\/igaming.org\/crypto\/terra-blockchain-resumes-after-halt-biding-time\/\">demise of the Terra ecosystem<\/a> and the implosion of FTX, which presented significant hurdles. Dragonfly\u2019s choice to pursue a sizable fourth fund highlights the VC community\u2019s ongoing optimism about blockchain innovation in spite of the challenging circumstances.<\/p>\n<p>Despite having a 20% lower aim than the previous one, Dragonfly\u2019s strategic focus on supporting early-stage startups is evident in the new fund. Even in the face of turbulence, the company\u2019s persistent fundraising attempts demonstrate faith in the long-term potential of the cryptocurrency sector.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/dragonfly-capital-sets-sights-on-500-million-for-new-fund\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Leading crypto venture capital firm Dragonfly Capital is trying to raise $500 million for its fourth fund, which will focus on blockchain and cryptocurrency startups in their early stages. The San Francisco-based company hopes to meet its target by the first quarter of 2025, and according [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":38041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38040"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38040"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38041"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}