DFJ DRAGON
DFJ DRAGON is a Pre-seed, Seed and Series A fund in California, the US, Asia and China writing $500K+ checks into AI, Climate, Consumer, Fintech, Healthcare, web3, gaming, logistics, payfi, zk-solutions and gamefi.
Not currently making new investments (as of August 9, 2026).
- Stages
- Pre-seed, Seed, Series A
- Sectors
- AI, Climate, Consumer, Fintech, Healthcare, web3, gaming, logistics, payfi, zk-solutions, gamefi
- Check size
- $500K+
- Invests in
- California, US-wide, Asia, China
- Actively investing
- No
- Founded
- 2006
- Assets under management
- $33 million
- Website
- draperdragon.com
Thesis
DFJ Dragon Fund, now DraperDragon, is a venture capital firm founded in March 2006 as a joint venture between DFJ and DragonVenture. It operates with a global perspective, focusing on early-stage technology companies with innovative business models and market appeal in both Silicon Valley and China. The firm is sector-agnostic but has a recent emphasis on Web3, AI, fintech, healthcare, biotech, consumer, gaming, energy, climate, and logistics, with specific interests in PayFi, ZK solutions, and GameFi. While it invests in technology sectors globally, it prefers companies based in China. DFJ Dragon Fund has managed multiple funds, including US Dollar and RMB funds, and is known for its cross-border strategy, with headquarters in Silicon Valley and offices in Shanghai and Beijing. They lead investments and also act as follow investors. One of its funds, DFJ Dragonfund China II, L.P., has approximately $33 million in assets and a minimum investment of $500,000. The firm is considered closed as of recent reports.
Common questions
Does DFJ DRAGON invest at the Pre-seed stage?
Yes. DFJ DRAGON lists Pre-seed, Seed and Series A among the stages it invests in.
What check size does DFJ DRAGON write?
DFJ DRAGON writes $500K+ checks.
Where does DFJ DRAGON invest?
DFJ DRAGON invests in California, the US, Asia and China.