Dragonfly Capital is raising $500 million for new fund

Crypto venture capital firm Dragonfly Capital Partners is raising $500 million for a new fund, according to a new regulatory filing, Golden Finance reports. The company previously raised more than $300 million in two funds. The Dragonfly Ventures III Feeder fund is targeting $500 million and has yet to accept its first investment. Dragonfly said it doesn’t expect the launch to be more than a year away. (coindesk)