Le Lézard
Classified in: Science and technology, Business
Subject: VEN

Draper Associates Raises $230M for Sixth Fund Focusing on Technology Startups With Strong ESG Principles


SAN MATEO, Calif., Nov. 16, 2021 /PRNewswire/ -- Draper Associates, a global venture capital firm investing in industry transforming companies, today announced its sixth fund, closing at $230M to back technology startups with inherent ESG principles and the potential to transform industries for a better future. Draper Associates VI was launched in February 2020.

"At Draper Associates, we have been investing in ESG before it was even labeled as an aspiration because it's just good business," said Tim Draper, Founder and Managing Partner, Draper Associates. "We have always been focused on investing in a future that we want to see happen. We are passionate about working with entrepreneurs that are dedicated to making a significant impact on the world, and look forward to witnessing what the future holds for these amazing companies."

As the technology landscape rapidly enters new areas of innovation, Draper Associates VI will use this capital to invest in technology startups that have extraordinary potential to transform many industry sectors, investing in portfolio companies that the firm believes are poised for long-term, profitable growth.

Draper Associates has become a leader in early-stage venture capital having funded in companies with strong ESG outcomes since 1985, including Hotmail, Skype, Baidu, Tesla, SpaceX, Twitch, Cruise, Carta, Webflow, Robinhood, and Coinbase. Draper Associates brings four generations of expertise to the art and science of investing.

With this sixth fund, Draper Associates will allocate capital to portfolio companies implementing cutting-edge technology 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. The Draper Associates 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. 

About Draper Associates: 

Founded in1985 by Tim Draper, Draper Associates is the leader in early-stage venture capital that continues to invest in technology companies that show exceptional promise. The firm's investments have included Coinbase, Baidu, Tesla, Skype, SpaceX, Twitch, Hotmail, Focus Media, Robinhood, Carta, and other industry unicorns at the early stage. Draper Associates has built a reputation for encouraging entrepreneurs to drive their businesses to greatness, to transform industries with new technologies, and to build platforms for extraordinary growth, jobs and wealth creation. Send plans to plans@draper.vc. To learn more, visit www.draper.vc

SOURCE Draper Associates


These press releases may also interest you

at 17:15
The top sponsor of grocery-anchored commercial real estate partnerships, First National Realty Partners (FNRP), closed on its latest acquisition, Hooksett Village. Hooksett Village is a 73.9% occupied, institutional-quality, market dominant, 248,959...

at 17:10
PJT Partners Inc. ("PJT Partners") announced that it expects to release its full year and fourth quarter 2021 financial results on Tuesday morning, February 1, 2022. The earnings release will be available through the Investor Relations section of...

at 17:00
Evolve Funds Group Inc. ("Evolve") is pleased to announce the distribution amounts per unit (the "Distributions") for certain funds (the "Evolve Funds"), as indicated in the tables below. Unitholders of record on January 31, 2022 will receive cash...

at 17:00
Consistent with the global firm's 50-plus-year business culture of leading and finding its best opportunities by nimbly adapting to change, Greenberg Traurig, LLP continues its strategic expansion in the New York metropolitan area, and its adaptation...

at 16:55
Pomerantz LLP is investigating claims on behalf of investors of FTC Solar, Inc. ("FTC Solar" or the "Company") . Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980....

at 16:50
Mercer International Inc., or "Mercer", today announced that certain Canadian subsidiaries (the "Loan Parties") of Mercer have entered into a new CDN$160 million joint asset-backed revolving credit facility (the "New Facility") with a syndicate of...



News published on 16 november 2021 at 10:05 and distributed by: