# Dragonfly Capital > Dragonfly backs your favorite crypto projects Global From Day One Dragonfly is a venture capital firm investing in early-stage cryptocurrency and blockchain projects, focusing on decentralized finance, Web3, and infrastructure. Dragonfly is a venture capital firm dedicated to supporting early-stage projects in the cryptocurrency and blockchain sectors. With a global approach, the firm invests in DeFi, Web3 technologies, and decentralized infrastructure. Dragonfly provides strategic support to startups, helping them navigate the evolving crypto landscape while fostering innovation and adoption. Their portfolio includes a wide range of crypto-native companies, aiming to drive growth in the decentralized economy​. - Type: Investor - Sector: Venture Capital - Status: Active - Founded: 2018-01-01 - Profile: https://thegrid.id/profiles/Dragonfly_Capital ## Products - [Dragonfly Capital Fund IV](https://thegrid.id/profiles/Dragonfly_Capital): Dragonfly Capital's fourth fund targeting early-stage crypto projects. (Venture Fund, Live, Main Product) ## Links - [Main](https://www.dragonfly.xyz) - [Blog](https://medium.com/dragonfly-research) - [Twitter / X](https://x.com/dragonfly_xyz) - [LinkedIn](https://www.linkedin.com/company/dragonfly-capital-partners) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation. Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service. The following applies to both licensing models. - All data is provided AS IS with no guarantees of accuracy. - The Grid does not provide investment, legal, or tax advice, and - a project's presence in The Grid's data does not imply endorsement. - [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers - [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service. - [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service. - [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services. - [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures ## Optional - [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model - [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships - [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type - [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types - [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP