Main navigation

$100 Mln VC To Connect Startups in China And Silicon Valley

article image
Paul Hackley
Alexander Pack and Bo Feng have founded a venture capital fund called Dragonfly Capital Partners to invest in various protocols, applications, and tech startups
$100 Mln VC To Connect Startups in China And Silicon Valley
Cover image via U.Today
Read U.TODAY on
Google News

Alexander Pack and Bo Feng have founded a venture capital fund called Dragonfly Capital Partners to invest in various protocols, applications, and tech startups.

The fund, being the result of a partnership between Silicon Valley crypto enthusiasts and an experienced Chinese investor, aims to “tow the line between the two hemispheres.”

“Crypto is a new asset class, and it made sense to have a new firm to support it. We thought older ones would have a disadvantage,” said Pack.

The fund has already invested $20 mln into more than 20 startups, running an unconstrained investing, without limits on what types of startups or tokens to invest in.

article image
About the author

Paul Hackley is a journalist and essayist, focusing on blockchain and cryptocurrencies, with a strong interest in the future of the technology.