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Venture Capital
draper.vc

Investments

227

Portfolio Exits

28

Funds

5

Partners & Customers

1

About Draper Associates

Draper Associates is the personal investment fund of Tim Draper, founder of Draper Fisher Jurvetson (DFJ). DJF is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $5 billion in capital commitments. The firm has funded well-known technology companies including Baidu, Hotmail (acquired by Microsoft), Overture (acquired by Yahoo), Skype (acquired by eBay) and Glam Media. DFJ was founded in 1985 by Timothy C. Draper as Draper Associates.

Headquarters Location

2882 Sand Hill Road Suite 150

Menlo Park, California, 94026,

United States

650-233-9000

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CB Insights Intelligence Analysts have mentioned Draper Associates in 1 CB Insights research brief, most recently on Nov 10, 2021.

Latest Draper Associates News

Funderbeam: $40 Million Raised To Solve The Liquidity Problem Of Angel/Venture Investments

May 17, 2023

Funderbeam – an angel investing and trading platform – announced a deal with VentureWave in which they have agreed to enter into a transaction to create a leading global entity that will serve institutional and angel investors in venture deal execution and secondaries. As part of the deal, VentureWave led the $40 million investment in Funderbeam. Mistletoe, Draper Associates, and Ruusalepp also joined the funding round. VentureWave is going to take an active and strategic leadership role in scaling Funderbeam’s ground-breaking technology across venture assets. And the Group now has an evolved US market entry strategy through Vestiver, the institutional venture platform. Following the completion of the deal, the group will target the entire life cycle of global venture investments and secondaries, from early-stage angel funding until pre-IPO secondaries. Funderbeam is going to continue to serve investor networks and provide Private Market as a service; ‘Angel Market’. Following the transaction with VentureWave, it will now additionally serve institutional clients: VC funds, family offices, brokers, and investment banks. Until the transaction is approved by the regulators in the UK, Singapore, and Estonia, no further corporate-level actions and decisions will be made. KEY QUOTES: “This transaction creates a powerful platform to fast forward Funderbeam’s vision which is to serve venture investments across borders and create a unique secondary market for private assets. The timing of the transaction couldn’t be better – we are strong at a time when the market is ready for our solution.” – Kaidi Ruusalepp, founder and CEO of Funderbeam “VentureWave’s investment in Funderbeam is a game-changer for the industry, shaping the future of venture markets and enabling access to global venture deals and secondaries. Together, we have the necessary assets, technology, and capital to take on the entire venture investment life cycle. This represents a transformative moment to put impact at the centre of the investment industry.” – Alan Foy, VentureWave Chairman “Private companies from venture investments have a long history of difficult liquidity. Our portfolio company, Funderbeam together with VentureWave allow venture backed start-ups to be liquid. This is a major breakthrough and the new liquidity will allow for GPs and LPs to more easily trade otherwise illiquid positions.” – Tim Draper, founder of Draper Associates “Mistletoe is supporting impact companies. Companies that introduce change for the better in a way we live and do business. Funderbeam has been a pioneer in changing the way that the venture market works – democratising investments in startups and enabling exits when needed. Solution that puts founders first in their mission. It takes endurance and resilience to introduce novel models in the financial sector and we are very happy that the other impact investor, VentureWave, is joining in.” – Taizo Son, founder of Mistletoe

Draper Associates Investments

227 Investments

Draper Associates has made 227 investments. Their latest investment was in Ten63 Therapeutics as part of their Series A on May 5, 2023.

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Draper Associates Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/2/2023

Series A

Ten63 Therapeutics

$15.9M

Yes

3

4/25/2023

Seed VC

Amboss Technologies

$4M

Yes

2

4/21/2023

Seed VC

Consensus

$3M

Yes

1

3/8/2023

Seed VC

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$99M

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10

2/13/2023

Seed VC

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$99M

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10

Date

5/2/2023

4/25/2023

4/21/2023

3/8/2023

2/13/2023

Round

Series A

Seed VC

Seed VC

Seed VC

Seed VC

Company

Ten63 Therapeutics

Amboss Technologies

Consensus

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Amount

$15.9M

$4M

$3M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

1

10

10

Draper Associates Portfolio Exits

28 Portfolio Exits

Draper Associates has 28 portfolio exits. Their latest portfolio exit was Lantern on May 11, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/11/2023

Acquired

$99M

1

5/9/2023

Acquired

$99M

1

11/17/2022

Acquired

$99M

25

11/3/2022

Acquired

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$99M

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10

9/22/2022

Acquired

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$99M

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10

Date

5/11/2023

5/9/2023

11/17/2022

11/3/2022

9/22/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

1

25

10

10

Draper Associates Acquisitions

1 Acquisition

Draper Associates acquired 1 company. Their latest acquisition was Funderbeam on May 04, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/4/2023

Private Equity

$99M

$21.53M

Acq - Fin

6

Date

5/4/2023

Investment Stage

Private Equity

Companies

Valuation

$99M

Total Funding

$21.53M

Note

Acq - Fin

Sources

6

Draper Associates Fund History

5 Fund Histories

Draper Associates has 5 funds, including Draper Associates Partners VI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/16/2021

Draper Associates Partners VI

$230M

2

4/19/2021

Draper Frontier OppTech Fund III

$99M

10

12/29/2015

Draper Associates Partners V

$99M

10

Draper Associates V

$99M

10

Draper Associates VI

$99M

10

Closing Date

11/16/2021

4/19/2021

12/29/2015

Fund

Draper Associates Partners VI

Draper Frontier OppTech Fund III

Draper Associates Partners V

Draper Associates V

Draper Associates VI

Fund Type

Status

Amount

$230M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Draper Associates Partners & Customers

1 Partners and customers

Draper Associates has 1 strategic partners and customers. Draper Associates recently partnered with BongoHive on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/5/2022

Partner

Zambia

Draper Startup House launches in Zambia via BongoHive partnership

Draper Startup House has established its first location in Southern Africa in Lusaka , Zambia through a partnership with BongoHive , the country 's first technology and innovation hub .

1

Date

5/5/2022

Type

Partner

Business Partner

Country

Zambia

News Snippet

Draper Startup House launches in Zambia via BongoHive partnership

Draper Startup House has established its first location in Southern Africa in Lusaka , Zambia through a partnership with BongoHive , the country 's first technology and innovation hub .

Sources

1

Draper Associates Team

2 Team Members

Draper Associates has 2 team members, including current Founder, Managing Partner, Timothy Cook Draper.

Name

Work History

Title

Status

Timothy Cook Draper

Founder, Managing Partner

Current

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Name

Timothy Cook Draper

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Work History

Title

Founder, Managing Partner

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Status

Current

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