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Crypto VC firm Dragonfly closes a $650M fund, its fourth, as the crypto VCs go through a "mass extinction event"; Dragonfly backed Polymarket's Series B (Leo Schwartz/Fortune)

Leo Schwartz / Fortune : Crypto VC firm Dragonfly closes a $650M fund, its fourth, as the crypto VCs go through a “mass extinction event”...

17 February 2026

Crypto VC firm Dragonfly closes a $650M fund, its fourth, as the crypto VCs go through a "mass extinction event"; Dragonfly backed Polymarket's Series B (Leo Schwartz/Fortune)

Leo Schwartz / Fortune:
Crypto VC firm Dragonfly closes a $650M fund, its fourth, as the crypto VCs go through a “mass extinction event”; Dragonfly backed Polymarket's Series B  —  When Rob Hadick signed the paperwork to join Dragonfly Capital in April 2022, he rented a house in the Hamptons.

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