Predict your next investment

Venture Capital
draperrichards.com

See what CB Insights has to offer

Investments

111

Portfolio Exits

44

About Draper Richards

Draper Richards L.P. is a venture capital firm investing in early-stage technology companies.Draper Richards is an active investor, dedicated to helping entrepreneurs achieve their maximum potential through contacts, advice, and support. The firm provides portfolio companies assistance in the areas of strategy, executive team recruiting, and raising capital.

Draper Richards Headquarters Location

50 California Street Suite 2925

San Francisco, California, 94111,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Draper Richards News

The Brief: Small business financing lessons, Draper Richards Kaplan in Europe, PayPal’s bets on Black and Latinx managers, information and emergency funding for small farmers

Oct 29, 2020

Featured: Impact Voices Financing small businesses in emerging markets: lessons from the COVID crisis. Three guest posts on ImpactAlpha show how the COVID crisis is driving changes in small business lending and impact investing that could outlast the pandemic. Non-bank lenders need capital to finance African small businesses rejected by banks. Government-backed guarantees and financing facilities in South Africa, Zambia, Kenya, Ghana and elsewhere have largely failed to provide even credit-worthy small businesses the capital they need to recover from COVID-related setbacks. Why? “Because the schemes’ constructs call for banks to apply the same risk and transaction structures that they would have applied pre-COVID,” write Susan de Witt of the University of Cape Town’s Bertha Center and Drew von Glahn of the Collaborative for Frontier Finance. Fintech firms, alternative debt funds and other”non-bank financial intermediaries” have flexibility that big banks don’t. Inyosi Empowerment Fund’s reasonably priced loans, ASISA Enterprise Supplier and Development Fund’s hybrid terms and Lulalend’s alternative underwriting technology suggest how non-bank lenders “are providing the types of flexible, affordable, longer-term financing that small businesses need,” say the authors. Five recommendations . How Africa’s impact ventures became essential during COVID-19. Most of the two dozen companies in the impact investment portfolio of pan-Africa private equity firm Development Partners International are in essential services. “People still need food, pharmaceuticals and bank accounts. They still need insurance. They still need to educate their children,” says DPI’s Runa Alam. In a Q&A with USAID INVEST’s Vanessa Holcomb-Mann, Alam shares how DPI’s portfolio companies have adapted and grown in the face of the pandemic’s challenges. Read the full Q&A . How a portfolio of inclusive businesses prioritized the poor through COVID. “Patient capital” investor Acumen launched two emergency facilities to provide grants and loans to its 136 portfolio companies to support low-income communities most affected by the pandemic. “This is the role of a business in a crisis,” writes Acumen’s Otho Kerr in a guest post. “We need to rally our resources around the small, early-stage stakeholder business models.” Read the full post . Dealflow: Follow the Money Draper Richards Kaplan Foundation launches $80 million fund for early-stage social entrepreneurs. The California-based venture philanthropy organization plans to make flexible equity and debt investments and unrestricted grants to 105 social enterprises. DRK has invested $110 million in 175 organizations since 2002. “We structure our capital to follow the need of the entrepreneur and the issue they’re addressing,” DRK’s Lisa Jordan told ImpactAlpha. DRK expects to begin investing the fund, its fourth, in January. European expansion. The new fund was announced with DRK’s launch of its European office in The Hague. DRK’s Netherlands-based investments include sanitation and waste recycling venture Safi Sana and circular textile startup Renewal Workshop . Its European portfolio includes startups like U.K. based Simprints, which is creating digital identities for vulnerable and undocumented individuals. DRK Foundation is working in partnership with The Hague’s impact initiative ImpactCity and Dutch bank Rabobank for its local and European deal sourcing. Record year. Impact investing may have experienced a brief slow-down early in the pandemic, but it has since come back with force. Impact venture capital deals are expected to hit $19 billion in 2020—up $2 billion from 2019, according to a new report from ImpactCity, Danske Bank and Tech Nation. The organizations launched a new impact deals database in partnership with dealroom at ImpactCity’s virtual ImpactFest. Impact Feast. The pandemic’s disruption of the global food chain is inspiring creative solutions. Dutch sustainable food startups provided a literal taste of how they’re tackling these challenges by delivering samples to ImpactFest participants. Sunt Foods is diverting unsellable bananas—”the most wasted food on the planet”—for reuse as banana bread and other shelf-stable snacks. Yespers is repurposing grain waste from breweries into snack foods like crackers. Meet Jack is making prepared, frozen meat-alternative meals from jackfruit. And De Lekkere Man, whose name means “The Tasty Man,” is working on charcuterie products made of male animals, which are typically culled in the egg and dairy industries. New and under-represented fund managers get a $50 million boost from PayPal. The online payments company is injecting the capital into eight early-stage venture funds run by Black and Latinx managers to support “investment in Black and Latinx entrepreneurs at the earliest stages,” PayPal’s Dan Schulman said . The funds include Chingona Ventures, Fearless Fund, Harlem Capital, Precursor Ventures, Slauson & Co., VamosVentures, Zeal Capital Partners and one unnamed fund. The investment is part of a $530 million commitment by PayPal to support Black-owned businesses and minority communities. PayPal is among a wave of tech and consumer companies directing small slices of balance-sheet capital or making grants to minority-led financial institutions and fund managers. Fund watch. Get up to speed on Harlem Capital and Fearless Fund and read about Chingona’s Samara Hernandez with ImpactAlpha’s coverage. Acceso acquires Exensio to help small farmers in Latin America and the Caribbean. Smallholder farmers in Latin America and the Caribbean make up roughly half of the region’s 130 million farmers. Most lack access to basic agricultural information to enhance productivity. The newly-combined company aims to improve farmer production with in-person agricultural training and customized digital information. The acquisition “should result in enhanced agricultural productivity and market access, therefore improving farmers’ livelihoods and quality of life,” said Virgilio Barco of Acumen, which owns 20% of Acceso Colombia. Deep reach. Acceso’s businesses in Colombia, El Salvador and Haiti connect small farmers with large domestic food companies and international markets; they have generated over $50 million for more than 15,000 smallholder farmers and farm workers. Mexico City-based Exensio, a spin off of Esoko, has provided more than 19,000 farmers with information on weather and pest management, production risks, agricultural best practices and market trends. European impact investors launch $40 million emergency fund for smallholder farmers. Belgium-based impact investor Incofin estimates that COVID disruptions to the global food supply chain have cost each of the world’s smallholder farmers $500 in income. Incofin is partnering with German development bank KfW and Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) to provide relief to cooperatives, agri-processors and exporters that support and buy from smallholder farmers in Latin America, Africa and Asia. Network effects. The Agri-Finance Liquidity Facility will be disbursed through members of the Council on Smallholder Agricultural Finance, which includes Global Partnerships, Oikocredit, Root Capital, Rabobank and others. Russell Family Foundation moves $14 million to ESG and impact strategies. The foundation shifted $5 million in endowment capital to Ownership Capital, a public equity manager pursuing ESG shareholder engagement; $3.5 million to Marcho Partners, a hedged equity strategy firm investing in tech for social change; and $6 million to Global Impact Access Partnership II, a pooled impact private equity and venture capital vehicle. Ninety percent of the foundation’s endowment is now mission-aligned. Signals: Ahead of the Curve Short takes. Here are a few of the reports crossing our desks this week: ESG benchmarks continue to rise. Indexes measuring environmental, social and governance factors, or ESG, rose by 40% , the highest-ever annual growth rate for any index class, according to the Index Industry Association’s annual survey. Exxon’s erosion of value. The once-blue chip stock has returned less than 1% a year to shareholders in gains and dividends since 2007, according to a new analysis by Carbon Tracker. The fossil fuel laggard is expected to report another loss on Friday. Tobacco is hard to kick for retirement funds. A review by As You Sow found the majority of retirement funds, including those offered by health care companies, contain investments in tobacco producers and promoters. Agents of Impact: Follow the Talent Chicago Booth’s Rustandy Center for Social Sector Innovation, Harvard Business School’s Impact CoLab and the Wharton Social Impact Initiative launch the Impact Finance Research Consortium to collect comprehensive data on impact funds… Echoing Green seeks a director of development in New York… US SIF is hiring a director of research and education in Washington, D.C… Mass Mutual is looking for an impact investing associate in Boston… The Solution Summit for the Housing Crisis will feature Richard Rothstein, author of The Color of Law, and other speakers, Nov. 17-19. Thank you for reading.

Draper Richards Investments

111 Investments

Draper Richards has made 111 investments. Their latest investment was in RichRelevance as part of their Series G - II on July 7, 2019.

CBI Logo

Draper Richards Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/1/2019

Series G - II

RichRelevance

$20M

No

1

4/25/2013

Recap

Polaris Wireless

No

1

11/2/2012

Series D

Flurry

$25M

No

3

1/18/2011

Unattributed VC - II

Subscribe to see more

$99M

Subscribe to see more

0

12/22/2010

Series C

Subscribe to see more

$99M

Subscribe to see more

0

Date

7/1/2019

4/25/2013

11/2/2012

1/18/2011

12/22/2010

Round

Series G - II

Recap

Series D

Unattributed VC - II

Series C

Company

RichRelevance

Polaris Wireless

Flurry

Subscribe to see more

Subscribe to see more

Amount

$20M

$25M

$99M

$99M

New?

No

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

3

0

0

Draper Richards Portfolio Exits

44 Portfolio Exits

Draper Richards has 44 portfolio exits. Their latest portfolio exit was Nuvi on April 05, 2021.

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

4/5/2021

Acquired

$99M

2

11/6/2019

Acquired

$99M

1

9/5/2019

Acq - Fin

$99M

3

3/13/2017

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

11/29/2016

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/5/2021

11/6/2019

9/5/2019

3/13/2017

11/29/2016

Exit

Acquired

Acquired

Acq - Fin

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

2

1

3

10

10

Draper Richards Team

5 Team Members

Draper Richards has 5 team members, including current Chief Financial Officer, Cynthia Lam.

Name

Work History

Title

Status

Cynthia Lam

Chief Financial Officer

Current

Robin Richards Donohoe

General Partner

Current

William H. Draper

General Partner

Current

William H. Draper

UNDP, EXIM Bank, and Sutter Hill Ventures

General Partner

Former

Howard Hartenbaum

General Partner

Former

Name

Cynthia Lam

Robin Richards Donohoe

William H. Draper

William H. Draper

Howard Hartenbaum

Work History

UNDP, EXIM Bank, and Sutter Hill Ventures

Title

Chief Financial Officer

General Partner

General Partner

General Partner

General Partner

Status

Current

Current

Current

Former

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.