
Draper Associates
Description
Draper Associates, based in San Mateo, California, stands as a distinguished early-stage venture capital firm founded by the renowned investor Tim Draper. The firm is celebrated for its forward-thinking approach and its readiness to back groundbreaking technologies and unconventional business models. It embodies Tim Draper's enduring philosophy of empowering entrepreneurs who are poised to disrupt and redefine industries, with a particular focus on sectors ripe for significant transformation.
The firm primarily targets seed and early Series A stage companies, demonstrating a robust appetite for innovation across a wide array of sectors, including fintech, artificial intelligence, blockchain, SaaS, and consumer technology. Draper Associates actively seeks out companies characterized by strong founding teams, scalable business models, and the potential to achieve substantial global impact. Their investment strategy is centered on identifying nascent trends and providing crucial support to companies that can emerge as market leaders in developing categories.
Draper Associates typically writes initial checks ranging from $500,000 to $5,000,000, primarily for seed and early Series A funding rounds. This flexible investment range enables them to support promising startups at various critical junctures of their growth. The firm maintains a diverse portfolio and possesses a notable track record of identifying future unicorns and industry giants. While the broader Draper ecosystem is famously associated with iconic investments such as Tesla, SpaceX, and Coinbase, Draper Associates, as a distinct entity, continues this legacy by actively investing in over 250 companies globally, cultivating a dynamic network of innovative ventures.
Beyond providing capital, Draper Associates offers its portfolio companies invaluable access to a vast global network, mentorship from seasoned venture capitalists, and strategic guidance. Their involvement extends to assisting startups in navigating operational challenges, scaling their businesses, and connecting with potential partners and follow-on investors. The firm's dedication to fostering entrepreneurial ecosystems is further underscored by its close association with Draper University, which offers immersive programs designed for aspiring founders.
Investor Profile
Draper Associates has backed more than 415 startups, with 25 new investments in the last 12 months alone. The firm has led 108 rounds, about 26% of its total and boasts 64 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, United Kingdom, Canada.
- Strong thematic focus on Software, FinTech, Information Technology.
- Led 10 rounds in the past year.
- Typical check size: $500K – $5M.
Stage Focus
- Seed (39%)
- Series A (25%)
- Series B (11%)
- Series Unknown (9%)
- Pre Seed (7%)
- Series C (4%)
- Non Equity Assistance (1%)
- Convertible Note (1%)
Country Focus
- United States (78%)
- United Kingdom (3%)
- Canada (1%)
- France (1%)
- Argentina (1%)
- India (1%)
- Singapore (1%)
- Australia (1%)
- Austria (1%)
- Sweden (1%)
Industry Focus
- Software
- Fintech
- Information Technology
- Artificial Intelligence (Ai)
- Blockchain
- Financial Services
- Enterprise Software
- Cryptocurrency
- Saas
- Aerospace
Frequently Asked Questions
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