Draper Associates Closes Sixth Fund, at $230M

Draper Associates

Draper Associates, a San Mateo, Calif.-based global venture capital firm investing in industry transforming companies, closed its sixth fund, at $230M.

Launched in February 2020, Draper Associates VI will back technology startups poised for long-term, profitable growth, with inherent ESG principles and the potential to transform industries for a better future.

With this sixth fund, the firm will allocate capital to portfolio companies implementing tech solutions within several focus areas including Bitcoin and other cryptocurrencies, blockchains, smart contracts, NFTs, artificial intelligence, data driven diagnostics, computational biochemistry, Crispr, and new forms of surveillance as they apply to the biggest industries in the world that are ripe for transformation, including banking, finance, insurance, commerce, health care, and governance.

Led by Tim Draper, Founder and Managing Partner, Draper Associates has become a leader in early-stage venture capital having backed companies with strong ESG outcomes since 1985, including Hotmail, Skype, Baidu, Tesla, SpaceX, Twitch, Cruise, Carta, Webflow, Robinhood, and Coinbase.

The team has established a diverse, inclusive community of entrepreneurs and industry executives having seeded unicorns on four continents where 35% of the portfolio companies are founded by women.