Dragonfly Ventures III, L.P.
Dragonfly Digital · adviser of record: Dragonfly Digital Management, LLC · 2021 vintage
Dragonfly Ventures III, L.P. is a 2021 venture fund managed by Dragonfly Digital, with $650mm raised (Form D, amount sold). It reported $1.96bn in gross assets at year-end 2024, 3.01x its size, its highest reported value.
- Latest value held
- $1.96bn year-end 2024
- Peak
- $1.96bn year-end 2024
- Fund size
- $650mm Form D, amount sold
- Held vs. size
- 3.01x peak 3.01x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2024 archived filing | $1.96bn | 3.01x | +163% |
| 2023 | $743mm | 1.14x | +17% |
| 2022 | $634mm | 0.98x | -2% |
| 2021 | $644mm | 0.99x | – |
Other funds from Dragonfly Digital
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-6057562128. Data updated October 13, 2026.
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