Founded in 1985 by Tim Draper, Draper Associates is a venture capital firm which focuses their investments in startups seeking seed and early-stage funding. The firm operates from Silicon Valley. Since its conception, it has invested in startups from the following sectors: consumer technology, financial technology, healthcare, manufacturing, as well as educational technology and government technology.
The firm is part of the Draper Venture Network, which is a network of venture capital firm established in 1990. As of February 2019, the network includes more than 22 firms around the world, operating in more than 60 cities.
Funding
Draper Associates’ last funding series – which was its fifth round – amassed $190 million in April 2016 . Prior to 2013, Tim Draper is the sole investor in startups that are funded by Draper Associates. This fifth funding round also marks the first time external investors are involved in raising the firm’s fund.
Timeline
Funded Companies
Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
A microventure capital firm and syndicate in California that focuses on seed and early stage investments.
Finless Foods is a biotechnology company producing cultured marine animal food products through implementing cellular agriculture and manufacturing technologies.
Webflow is a company providing a design and hosting platform for users to create websites.
Atomwise is a company that develops AI solutions for drug discovery.
Because Animals is a pet food and cellular agriculture technology company founded in 2016 by Shannon Falconer and Joshua Erret, and is located in Philadelphia, Pennsylvania. Because Animals makes 100% animal-free pet foods, treats, and supplements.
ICEYE provides commercial access to Earth observation data. The ICEYE SAR Satellite Constellation captures images of any location on Earth every three hours, day and night, regardless of cloud cover.
Nutmeg is a London-based investment management company offering an online portal for managing investments, ISAs and pensions.
CloudMedX is a company developing and providing clinical artificial intelligence platform to help clinicians. It uses healthcare-specific natural language processing and machine learning to improve patient care. It is located in Palo Alto, California and was founded in 2014.
Twitch provides a live streaming video platform and community for gamers. Amazon acquired Twitch in 2014.
A global provider of camera-first, AI powered self-driving technology, formerly AdasWorks.
A software company offering a low-code development platform for business operations.
AuditFile is a San Francisco-based company founded by Steven Bong, Kevin Bong and Gary Bong.
Storyhunter is a Brooklyn-based company founded by Jaron Gilinsky.
PivotDesk is a Manhattan-based peer-to-peer company founded by David Mandell.
Aerospike is a Mountain View, California-based company founded in 2009.
Tempo Automation is a software-driven factory using data, analytics and automation for prototyping in hardware development environments to manufacture printed circuit board assemblies.
People
Abhisek Punia
Cryptocurrency Analyst
Andrew Tang
Investment Team
Billy Draper
General Partner
Joel Yarmon
Venture Partner
Siri Srinivas
Investment Analyst
Tim Draper
Founder/Managing Partner
Further reading
Documentaries, videos and podcasts
References
Company attributes
Venture Capital Firm attributes
Other attributes
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