The latest crypto investment fund on the block is Dragonfly Ventures, a $100 million traditional venture fund investing only in crypto assets, managed by partners Alexander Pack from Bain Capital Ventures and Bo Feng, founding partner of Ceyuan Ventures.“We come at crypto as generalist venture capitalists who have been investing in internet technology for decades. With Dragonfly, we have decided to go all-in on crypto, because we believe that crypto is the most interesting tech trend today by far,” said Dragonfly managing partner and Bain Capital advisor Alexander Pack in an interview with Bitcoin Magazine. “The ability to use technology to redefine fundamental social constructs like money, value, and how value is exchanged across borders, is a once in a century opportunity that could be bigger than the internet,” he added.Pack has been investing in cryptocurrencies and blockchain businesses for more than four years at various venture capital firms in the U.S. and Asia but wanted to create a fund that was solely for cryptocurrency businesses. He describes Dragonfly as “a fully unconstrained venture fund for the crypto asset class, investing globally and across all asset types. We even invest significantly in other cryptofunds, as well as make direct investments in tokens and startups.” Dragonfly has already attracted technology founders and investors from across the U.S. and Asia, including Salil Deshpa...
