Dragonfly Capital

Founded in 2018, Dragonfly Capital has emerged as one of the most notable investors in crypto. Bo Feng and Alexander Pack first founded the firm, but managing partner Haseeb Qureshi has become the VC's public face. Dragonfly manages an investment portfolio of more than $4 billion and closed a new $650 million fund in February 2026. The investor's most notable investments include stakes in the prediction market Polymarket, the crypto exchange Bybit, and even the controversial privacy protocol Tornado Cash.