# Rain

Type: Company

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/rain
Canonical HTML page: https://getfinancebrief.com/entity/rain

## Timeline

- **2026-02-17**: Fund IV Closure — Dragonfly officially closes its $650 million fourth fund amid industry consolidation.
- **2024**: Strategic Bets — Early investments in Polymarket and Rain begin to show significant market traction.
- **2021**: Fund III Launch — Dragonfly raises its third fund during the height of the crypto bull market.
- **2018**: Dragonfly Founded — Firm launches with a focus on bridging the gap between Eastern and Western crypto markets.

## Recent coverage (1 stories)

### Dragonfly Defies 'Mass Extinction' With $650 Million Fourth Crypto Fund
2026-02-18 21:30:44 · Sentiment: Bullish · Impact: 7/10 · Sources: 3

Crypto venture firm Dragonfly has successfully closed its fourth fund at $650 million, signaling a flight to quality in a tightening market. The raise comes as the broader blockchain venture capital landscape faces a period of significant consolidation and 'mass extinction' for smaller firms.
Full story: https://getfinancebrief.com/story/dragonfly-capital-650m-fund-crypto-vc-analysis

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