Dragonfly Capital Leads $16M Financing of Codex

Gunderson Dettmer represented client Dragonfly Capital as the lead investor in the $16 million Series Seed financing of Codex, a company building its own blockchain design for stablecoin. Codex’s platform aims to address inefficiencies in general-purpose blockchains by creating a solution tailored to stablecoin transactions. The company’s innovative approach also includes features such as consistent transaction fees, built-in offramps for fiat currency conversion, and enhanced privacy options for users.

The Gunderson deal team was led by Ibrahim Elshamy and included Ben Buckwalter.

Companies
Dragonfly Capital
Codex