Crypto VC Firm Dragonfly Raising $500M for New Fund, Documents Show

Crypto VC Firm Dragonfly Raising 0M for New Fund, Documents Show
Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund, according to a new regulatory filing.The Dragonfly Ventures III Feeder fund has a $500 million target and hasn’t accepted its first investment yet. Dragonfly indicated that it doesn’t expect the offering to remain open for more than one year.If the raise is a success, Dragonfly will be the latest high-value fund to emerge in recent months. Paradigm smashed records with a $2.5 billion fund announced in November. Andreessen Horowitz is reportedly doubling down on its already-prodigious crypto war chest with a $4.5 billion target for…