Dragonfly is seeking to raise $500 million for its new fund, people familiar with the matter said.

According to BlockBeats, on September 17, Bloomberg reported, citing people familiar with the matter, that crypto venture capital firm Dragonfly Capital is seeking to raise $500 million for its fourth fund, which will invest in early-stage projects. It has successfully raised $250 million and plans to complete the financing in the first quarter of next year.

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