Draper Associates — 2025 Investments

Aurelius Systems builds Archimedes, an autonomous counter-UAS laser system that combines high-power directed energy, optical sensors, and AI to detect, track, and neutralize aerial drone threats without an operator.

Advanced ManufacturingAI & Machine LearningDefense TechHardwareSan Francisco, US

John Marmaduke(Executive Officer, Director)MLMichael LaFramboise(CEO and co-founder)in

BoardPaige Craig(Director)

Co-investors64640 OxfordALAlumni VenturesBLBlack FlagBLBlue Ivy VenturesDEDecisive PointFOFounders+7 more

Firehawk Aerospace manufactures solid rocket motors, energetic materials, and propellant using additive (3D printing) manufacturing to produce propellant grains and hybrid rocket engine components.

Defense TechHardwareSpace TechWilmington, US

Will Edwards(Cofounder)inAndrew Wills Edwards(Executive Officer)

Co-investorsBABackswing VenturesCACathexis VenturesCUCubit CapitalDEDecisive PointGAGaingelsPLPlains Ventures+7 more

Reno-based Forml builds AI software that unifies enterprise data to create custom models and run workflows, initially for banking and fintech.

Reno, US

SHSatchel Hirsh(Executive Officer, Director)inShaine Hirsh(Director)

BoardJon Basset(Designated by UMBALTI FBO NextGen Ventures Fund III, L.P.)

Co-investorsNENextGen Venture PartnersBOBoost VC

Ink'd operates card kiosks that print personalized greeting cards and gift cards on demand in retail locations.

ConsumerPhoenix, US

AEAndrew Ekmark(Co-founder)inSESammi Ekmark(Co-founder)inSamantha Ekmark(Director)

BoardHamid Shojaee(Director)Scott McKay(Director)

Co-investorsDYDynamism CapitalSTStartXTUTunitas Ventures

Kamau Therapeutics develops targeted gene integration therapies to treat serious and life-threatening genetic diseases.

BiotechDeep TechHealthtechAustin, US

MPMatthew Porteus(Executive Officer, Director)Valentin Barsan(Executive Officer, Director)

BoardRaymond Kelleher(Director)Ness Bermingham(Director)

Co-investorsKHKhosla VenturesMOModi VenturesNENeva Sgr.

Maestro is an open-source mobile UI testing tool that runs human-readable YAML end-to-end tests on iOS simulators and Android emulators, with a CLI, visual test IDE (Studio), cloud runner, and an MCP server for AI agents.

AI & Machine LearningCloud ComputingDeveloper ToolsSan Francisco, US

JKJacob Krupski(Founder)inLTLeland Takamine(Founder)inJake Krupski(Founder)

Co-investorsCOCowboy VenturesMOModern TechnicalACAcronym Venture CapitalALAllen Institute for AI (AI2) IncubatorDRDraper DragonESEssence Venture Capital+6 more

Mappa uses behavioral voice analysis to assemble custom project teams for clients, handling hiring, project management, contracts, and payroll through a single project manager.

AI & Machine LearningFuture of WorkHR TechSaaS

SLSarah Lucena(Founder)inDMDaniel Moretti(Founder)inPBPablo Bérgolo(Founder)in

Co-investorsHUHustle FundSESerac VenturesGEGeekdomSOSoGal Ventures

Midl provides a Bitcoin execution environment with an Ethereum VM-compatible engine so smart contracts and dApps can run natively on Bitcoin without bridges.

Crypto & Web3Developer ToolsFintech

Iva Wisher(Founder)in

Co-investorsDRDraper Dragon

NewLimit develops epigenetic reprogramming medicines to extend healthspan and treat age-related diseases at the intersection of computer science and biotechnology.

AI & Machine LearningBiotechLongevitySouth San Francisco, US

BABrian Armstrong(Founder)inBBBlake Byers(Founder)inJKJacob Kimmel(Founder)inMichael Polansky(Executive Officer)

BoardZDZavain Dar(Director)in

Co-investorsS3S32VAValor Equity Partners8V8VCABAbstract VenturesAGage1BEBeyond Capital+15 more

Potato builds software that connects scientific research intent to laboratory execution, enabling research teams to accelerate the translation from experimental design to hands-on lab work.

AI & Machine LearningBiotechDeep TechSaaS

MSMerrit Savener(VP of Commercial)

Co-investorsALAllen Institute for AI (AI2) IncubatorDODolby Family VenturesENEnsemble VCGAGaingelsALAlumni VenturesBOBoost VC+7 more

QurieGen develops QuRIE-seq, a single-cell multi-omics platform that captures time-resolved single-cell data and trains lab-in-the-loop AI Virtual Cell models to predict cellular behavior and drug response.

AI & Machine LearningBiotechDeep TechMedical Devices

Co-investorsBSBSV VenturesLILighthouse VenturesTETensor Ventures

Radiant Nuclear develops Kaleidos, a portable nuclear microreactor designed to replace diesel generators for remote locations and provide resilient backup power to hospitals, datacenters, and military installations.

Deep TechEnergyHardwareEl Segundo, US

DBDoug Bernauer(Founder)inBUBob Urberger(Founder)in

Co-investorsACAcequia Capital (AceCap)ALAlign VenturesANAndreessen HorowitzBEBeyond CapitalCACantos VenturesCACarbon+26 more

Sati enables stablecoin and Bitcoin payments through WhatsApp, letting users send, receive, and pay with digital currencies such as USDC without installing a separate app.

ConsumerCrypto & Web3Fintech

Co-investorsARArcanum CapitalBOBoost VC

Sats Terminal operates a non-custodial marketplace for bitcoin-backed loans, routing users to the lowest-rate lender and bundling deposit and borrow into a single on-chain transaction so borrowers receive USDC while keeping custody of their BTC.

Crypto & Web3FintechMarketplaces

SHStanislav Havryliuk(Founder)in

Co-investorsCOCoinbase VenturesDRDraper DragonTETenzor CapitalPAPaul TaylorUTUTXO Management

Scout develops Fury, a multimodal foundation model for defense robotics that lets operators command fleets of heterogeneous ground, air, sea, and space robots via natural language and coordinate them autonomously.

AI & Machine LearningDefense TechRoboticsSilicon Valley, US

CAColby Adcock(Founder)inCOCollin Otis(Founder)in

Co-investorsALAlign VenturesATAtaraxia CapitalBOBooz Allen VenturesBVBVVCCLCliff CapitalCRCrosscourt Ventures+11 more

Spiky provides an AI platform for venture capital investors to assist with deal sourcing, due diligence, portfolio management, and founder relationships.

AI & Machine LearningFintechHR TechSaaSSales TechBoston, US

Co-investorsAMAmrock VenturesAPAPY VenturesDODorm RoomGOGood News VenturesM]m]x[v CapitalMEMetis Ventures+5 more

Syntax Bio develops a discovery platform that accelerates stem cell-derived therapies by using its proprietary Cellgorithm technology to control and direct cell differentiation.

BiotechDeep TechMedical DevicesChicago, US

Ryan Clarke(Co-Founder, Chief Scientific Officer)inNBNiko Balanis, PhD(Co-Founder, Chief Technology Officer)inBrad Merrill, PhD(Co-Founder, Head of Innovation)MMMatt MacDougall, MD, PhD(Scientific Cofounder, Immunology Physician, Stanford University)inPatrick Shaddow(Executive Officer, Director)John Craighead, PhD(Chief Executive Officer)

Co-investorsASAstellas Venture Management LLCDCDCVC (Data Collective)DCDCVC BioILIllumina VenturesLOLong GamePOPortal Innovations+1 more

Takadao builds community-owned, blockchain-based financial tools, including a Sharia-compliant mutual protection system, a funeral and repatriation cost cover, and a crypto-to-fiat debit card.

Crypto & Web3FintechInsurTech

SLSharene Lee(Founder)inMIMorrad Irsane(Founder)in

Co-investorsADAdaverseISIstari Ventures

Torram provides institutional-grade Bitcoin infrastructure developed as an open-source project.

Crypto & Web3Data & InfrastructureFintech

VMVakeesan Mahalingam(Co-founder & CEO)inLee Raj(Co-founder & CTO)in

Co-investorsSISilvermine CapitalTATaisu VenturesTRTRIVEBLBlockchain Founders FundBOBoost VCDEDeep Ventures+2 more

Vermeer develops vision-based positioning technology for aerial platforms and drones that operates without GPS in contested, spoofed, or GPS-denied environments.

AI & Machine LearningDefense TechHardwareRoboticsQueens, US

BSBrian Streem(CEO)SKSuresh Kumar(CTO)in

Co-investorsGEGENIUS NYMIMilkbox PartnersTETechstarsTETenon VenturesAEAero X VenturesRORockaway Ventures+1 more