Fundraising Fox

Draper Dragon

Venture capitalActively deploying

Silicon Valley · Pre-Seed–Series B · 16 people tracked

Also known as Draper Dragon Orion

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Investment thesis

Draper Dragon backs early-stage, technically ambitious founders building the next generation of Web3, blockchain, and emerging technologies. As a core member of the global Draper network, it bridges Silicon Valley and Asia through offices in the US, China, and South Korea. Its focus areas include digital assets and infrastructure, with additional track record across healthcare, fintech, and consumer tech. In 2026 it launched the $80M Orion Fund with the Cardano Ecosystem, targeting Real World Asset tokenization, institutional DeFi, and Bitcoin-Cardano infrastructure. The firm emphasizes partnering with technical founders building companies that redefine global industries.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series B
HQ
Silicon Valley, California, US
Instruments
Equity
Founded
2006
Last 12 months
1 investment
AUM
$36M
Tracked investments
80

Team · 16 people

from the firm's website & curated
Richard Wang· Partnerin

Listed as a mentor from Draper Dragon Venture.

Samiz Bayan· Partnerin
Yiming Hu· Partnerin

Investment Partner on the CDD-JAP operation team.

Edward Lee· Venture Partner
James R. Cantre· Venture Partner

Listed as a mentor from Draper Dragon Venture.

Matt Huang· Venture Partner
William Kwok· Venture Partnerin
Dr. Dazhi Guo· Operation Partner / CDDJAP Research Fellow

Serves as Operation Partner and research fellow for the CDD-JAP accelerator program.

Stanley Diao· Ecosystem Partnerin

Ecosystem Partner on the CDD-JAP operation team.

What they invest in

from 57 of 80 portfolio companies

Crypto & Web3 ×38Fintech ×26AI & Machine Learning ×9Data & Infrastructure ×9Developer Tools ×9SaaS ×7Cybersecurity ×6Enterprise Software ×5

HQs:United States×15Singapore×2United Arab Emirates×1Canada×1Philippines×1

Who they back

founder profiles across 21 portfolio companies
38%
solo founders
8 of 21 mapped founding teams
42%
repeat founders
of 19 founders with career history

Founding team size:solo founder×82 founders×113 founders×14+ founders×1

Where their founders studiedfrom 16 founders with education data

Massachusetts Institute of Technology ×3

Where their founders worked beforefrom 19 founders with career history

Phantasia Sports ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×3

backed the same founder in 2+ companies: 2 founders

Investments · 80 tracked

founders shown can be your intro path

By year:2025 · 32023 · 14 dated

Coinbasecoinbase.comin𝕏Nasdaq: COIN

Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.

Crypto & Web3FintechSan Francisco, US

Brian Armstrong(Co-founder & CEO)inFred Ehrsam(Co-founder)inEmilie Choi(President & COO)Alesia Haas(Chief Financial Officer)Paul Grewal(Chief Legal Officer & Secretary)Lawrence (L.J.) Brock(Chief People Officer)

Co-investors1confirmationA.Capital Venturesa16z cryptoAcrew CapitalAndreessen HorowitzAnsa Capital+54 more

Oklooklo.comin𝕏NYSE: OKLO

Oklo develops next-generation fast fission reactors for producing clean electricity at scale, with a focus on safety features and the ability to use recycled nuclear waste as fuel.

Advanced ManufacturingCleantechClimate TechDeep TechEnergySan Francisco, US

Jacob DeWitte(Founder/CEO)inCaroline Cochran(Founder)in

Co-investorsArmada Investment AGCrunchFundDCVC (Data Collective)Draper AssociatesKluz VenturesOpen Field Capital+6 more

1047 Gamessplitgate.com𝕏

Splitgate: Arena Reloaded is a first-person arena shooter video game combining fast-paced arena modes with an Arena Royale battle royale mode featuring portal-based mechanics.

Gaming

Co-investorsHuman CapitalUnion Tech VenturesVelo Partnersvgames

Acreacre.fiin𝕏

Acre is a Bitcoin-focused DeFi protocol offering auto-compounding vaults that let BTC holders earn yield through curated onchain strategies while retaining self-custody of their private keys.

Crypto & Web3Fintech

Co-investorsFlowdeskSilvermine Capital

Active Remote Desktopsplashtop.comin𝕏

Splashtop is a remote access and support platform that enables users to securely access and control computers from any device with high performance, up to 4K quality at 60fps.

Cloud ComputingCybersecurityDeveloper ToolsEnterprise SoftwareSaaS

Mark Lee(Founder)inRobert Ha(Founder)inThomas DengPhilip Sheu

Co-investorsNew Enterprise Associates (NEA)Sapphire VenturesStorm VenturesDraper AssociatesPresidio VenturesTop Corner Capital

AllScaleallscale.ioin𝕏Dec 2025 · $5M

AllScale provides a stablecoin payment platform that lets small businesses open global dollar accounts and handle invoicing, sales settlement, and payroll disbursement in USDT/USDC.

Crypto & Web3FintechSaaSVancouver, CA

Alisha Li(Founder)Jun Li(Founder)

Co-investorsGenerative VenturesV3V VenturesAmber GroupInformed Ventures Advisors, Llc

Anaxilabsanaxilabs.com

Anaxi Labs builds a world-scale AI data supply chain and a programmable marketplace for sourcing, verifying, and monetizing training data, with petabyte-scale data processing, closed-loop evaluation, and compliance infrastructure.

AI & Machine LearningData & InfrastructureRobotics

Co-investorsHivemind Capital Partners

Aploaplo.ioin

Aplo is a digital assets prime brokerage for financial institutions, offering access to liquidity across 300+ crypto assets through a single trading platform with institutional-grade custody.

Crypto & Web3Enterprise SoftwareFintech

Co-investorsAxeleo CapitalAtomico

Autoverse Studiosautolegends.com𝕏

Auto Legends is an online multiplayer car racing game where players customize vehicles with licensed performance parts, tune builds, and compete in races, alongside community and creator features.

ConsumerGamingSocial

Co-investorsCoinbase VenturesFermionRockawayXWhite Star Capital

Balletballet.comin𝕏

Ballet makes cryptocurrency cold storage hardware, with its REAL Series product designed as a ready-to-use physical wallet requiring no setup.

Crypto & Web3Hardware

Co-investorsACTAI Ventures

Bboxbbox.trade
Bedrockrockx.com

RockX provides non-custodial staking and institutional-grade RPC and node access infrastructure for Web3, serving institutions, treasury teams, exchanges, custodians, and blockchain builders.

Crypto & Web3Data & InfrastructureEnterprise SoftwareSingapore, SG

Co-investorsLBANK LabsCapitalG

Blockchain based W3C layerhifi.finance

Co-investorsFaberHoxton VenturesZMT CapitalDCVC (Data Collective)

Blockjoyblockjoy.com𝕏

BlockJoy provides managed Web3 infrastructure, letting users deploy blockchain nodes while it handles the operation and management of those nodes.

Crypto & Web3Data & InfrastructureDeveloper Tools

Burnt Finance Synthetic Assetburnt.com

Burnt provides cryptographically verified identity and attribute verification that lets users prove specific claims (such as income above a threshold or a credit score over 700) by logging into accounts they already have, without sharing raw documents or PII.

CybersecurityDeveloper ToolsFintech

Anthony Anzalone(Founder)in

Co-investorsArrington CapitalElliptiFigmentInnovating CapitalPentos VenturesPlay Ventures+3 more

CapConnect+capconnectplus.comin

CapConnect+ operates a digital platform for primary-market fixed income issuance, connecting issuers, dealers, and investors to trade commercial paper and bonds.

Enterprise SoftwareFintechSaaSRedwood City, US

Suresh Perera(CEO)inGanapathi Palanipandian(Director)Kostas Dafoulas(Executive Officer)in

BoardTrevor Mottl(Director)in

Co-investorsDraper AssociatesFusionHourglass Venture PartnersUlu VenturesFirstCapitalImpact Venture Capital

Centrifugecentrifuge.ioin𝕏

Centrifuge enables investors to access tokenized real-world assets (RWAs) such as Treasury Bills, Asset Backed Securities, and Real Estate on a blockchain infrastructure.

Crypto & Web3Data & InfrastructureFintechSan Francisco, US

Bhaji Illuminati(Founder)inMartin Quensel(Executive Officer, Director)Markus Ament(Executive Officer, Director)Philip Stehlik(Executive Officer, Director)

Co-investorsArrington CapitalAtlanticBlack DragonBloccelerate VCBlueYard CapitalBorderless Venture+16 more

Charmscharms.dev𝕏

Charms is a universal app protocol built on Bitcoin that enables developers to deploy decentralized applications and digital assets on the Bitcoin network using mainstream programming languages, with cross-chain interoperability powered by zero-knowledge proofs and metaprotocol technology.

Crypto & Web3Developer Tools

Co-investorsDraper AssociatesJME VenturesLattice Capital

ClinChoiceclinchoice.comin𝕏

ClinChoice operates a network of investigator sites that participate in clinical studies to support drug and device development.

BiotechHealthtechMedical DevicesPhiladelphia, US

Co-investorsDFJ DragonFundDraper AssociatesLegend Capital

Coffercoffer.network

Co-investorsDraper Associates

Coinflowcoinflow.cashin𝕏Feb 2023 · $2.3M

Coinflow provides global payment processing infrastructure enabling businesses to accept payments, settle funds, and expand internationally with instant settlement and fraud protection.

B2B MarketplacesFintechChicago, US

Daniel Lev(Founder & CEO)inBen Meeder(Founder)Benjamin Meeder(Founder)in

Co-investorsBuilder CapitalCoinbase VenturesDigital Currency GroupFactionPantera CapitalReciprocal Ventures+4 more

Cudiscudis.xyz𝕏

CUDIS builds a smart wearable ring with AI-powered coaching for daily recovery, anti-aging, and wellness.

AI & Machine LearningConsumerHardwareHealthtechWellness & FitnessLos Angeles, US

Jack Chang(Founder)in

Co-investorsBorderless VentureDraper AssociatesGenerative Ventures

cybercyber.co

Cyber is an Ethereum Layer 2 network that brings social primitives onchain and pairs them with an AI suite for crypto intelligence.

AI & Machine LearningCrypto & Web3Data & InfrastructurePalo Alto, US

Zhimao Liu(Founder)

Co-investorsINCE CapitalIOSG VenturesLattice CapitalMulticoin CapitalSpice CapitalHashed

Dmaildmail.ai

Co-investorsBixin CapitalBixin VenturesCatcherVC

Dotswapdotswap.app
Etherfi Grand Cayman, Cayman Islandsether.fiin𝕏

ether.fi offers non-custodial crypto financial products, including staking, DeFi strategy vaults for ETH, BTC, and stablecoins, and a cashback debit card usable at over 100 million locations with no credit checks.

Crypto & Web3Fintech

Rok Kopp(Founder)inMike Silagadze(Founder)in

Co-investorsArrington CapitalChapter OneCoinFundCollider VenturesFjor FoundersFourth Revolution Capital (4RC)+14 more

Fogworksfogworks.ioin𝕏

Fog Works builds Foggie Max IO, a Web3-based DePIN storage server that lets individuals store, control, and protect their own data while earning crypto tokens (such as $DMC and $FIL) by sharing spare storage space and running Filecoin/IPFS nodes.

Crypto & Web3Data & InfrastructureHardware

Galxegalxe.com𝕏

Galxe is a Web3 growth platform offering data-driven identity, on/offchain analytics, and no-code campaign tools with modular APIs to help teams run user activation and engagement.

Crypto & Web3Marketing TechSaaS

Co-investorsBitDAOCoinbase VenturesDragonflyFermionIOSG VenturesLattice Capital+5 more

Geminigemini.comin𝕏

Gemini is a platform for trading cryptocurrencies, investing, and making predictions through event contracts on real-world outcomes.

Crypto & Web3Fintech

Co-investorsAugmentum FintechCleo CapitalDraper AssociatesEdge Case Capital PartnersNycaNyca Partners+4 more

Gomaestrogomaestro.org

Maestro offers Bitcoin-denominated structured yield vaults where users allocate BTC to earn yield from strategies such as secured miner credit, intent solving, and Bitcoin credit lines.

Crypto & Web3Fintech

Co-investorsDraper Associates

GoSatsgosats.ioin𝕏

GoSats operates a rewards platform that gives users bitcoin cashback when they make purchases at merchant partners in India.

E-commerceFintechDubai, AE

Mohammed Roshan(Founder)inRoshni Aslam(Founder)in

Co-investorsDG Daiwa VenturesFlucas VenturesGossamer CapitalKube VCY CombinatorFirst Check Ventures+1 more

Heliosfinanceheliosfinance.xyz𝕏

Helios is a decentralized cross-chain Layer 1 Bitcoin lending protocol that lets Bitcoin holders unlock liquidity and earn yield without selling, and borrow across blockchains without centralized bridges or wrapping.

Crypto & Web3Fintech

Co-investorsDraper Associates

Highstreet Entertainmenthighstreet.market𝕏

Highstreet is a game studio building a big-budget VR MMORPG that combines virtual reality gameplay with crypto-enabled digital and phygital goods purchasable with its HIGH token.

Crypto & Web3E-commerceGaming

Travis(CEO)

Co-investorsAnimoca BrandsBinance LabsHTCJump CapitalMechanism CapitalPalm Drive Capital+1 more

Hinkal Generalized Privacyhinkal.pro

Hinkal provides privacy technology for public blockchains, keeping wallets, amounts, and counterparties private while transaction settlement remains public and verifiable.

Crypto & Web3Cybersecurity

Co-investorsCVP NoLimitNo Limit Holdings (NLH)SLVCSolari Capital

HOLOFIT
Humanhuman.techin𝕏

human.tech provides a privacy-preserving identity and control layer for people, institutions, and AI, using zero-knowledge proofs and client-side cryptography built on W3C Verifiable Credentials and eIDAS 2.0 standards.

Crypto & Web3CybersecurityGovTech

Co-investorsPaper VenturesUDHCNVP CapitalY Combinator

Iotexiotex.ioin𝕏

IoTeX operates an open blockchain-based ecosystem for real-world AI, turning data from physical machine networks (DePIN devices) into collective intelligence for AI models.

AI & Machine LearningCrypto & Web3IoT

Qevan G.(Founder)in

Co-investorsAU21 CapitalIOSG VenturesNotch VenturesSamsung NextStruck CapitalZMT Capital

Jing Jin Electric
Karma3Labskarma3labs.com𝕏

Karma3 Labs builds a decentralized, onchain reputation and trust protocol for the open web, working with crypto protocols and developers to create reputation systems for their applications.

Crypto & Web3Data & InfrastructureSocial

Co-investorsDelta Blockchain

Kerneldaokerneldao.com𝕏

Amitej Gajjala(Founder)Dheeraj Borra(Founder)

Ledgerledger.comin𝕏

Ledger provides hardware and software cryptocurrency wallet solutions that enable users to buy, swap, earn, and manage digital assets with security features and portfolio tracking capabilities across multiple blockchain networks.

Crypto & Web3FintechHardware

Charles Guillemet(CEO)in

Co-investorsActivant CapitalAglae VenturesCathay InnovationClub Italia Investimenti 2Digital Currency GroupDraper Associates+9 more

Lyquorlyquor.xyzin𝕏

Lyquor is a decentralized platform for building "Off-chain Ready" smart contracts (called "Lyquids") that combine on-chain security with off-chain cloud efficiency, letting node operators selectively host contracts and developers define their own fee models.

Cloud ComputingCrypto & Web3Developer Tools

MachineFimachinefi.comin𝕏

Trio is a multi-modal AI model engine that processes video, audio, and sensor data for operational intelligence in physical environments like retail, warehouses, and factories.

AI & Machine LearningDeep TechEnterprise Software

Co-investorsEv3 Ventures LlcNewBuild.VCWintermuteJump CapitalSamsung Next

Maestromaestro.dev𝕏Feb 2025 · $3M

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

Jacob Krupski(Founder)Leland Takamine(Founder)

Co-investorsModern TechnicalAcronym Venture CapitalDraper AssociatesEssence Venture CapitalNetEaseNew Stack Ventures+3 more

Mawari Technologies Inc. Websitemawari.net

DePIN infrastructure platform for spatial computing, enabling real-time streaming of AI-powered XR experiences.

Co-investorsA100X VenturesBorderless VentureWaterloo Accelerator Centre

Mezomezo.org𝕏

Mezo is a Bitcoin-backed lending and yield platform that allows users to borrow stablecoins (MUSD) using Bitcoin as collateral and earn yield through managed vault strategies.

Crypto & Web3Fintech

Matt Luongo(Founder & CEO)

Co-investorsBaseTwoFlowdeskMulticoin CapitalNascentPantera CapitalSilvermine Capital+7 more

Microportmicroport.comin𝕏

MicroPort is a medical device company that develops and manufactures medical devices and technologies for the treatment of patients and use by healthcare professionals.

HealthtechMedical Devices

Co-investorsApricot Capital

Microport Medical

Medical device company listed on HKSE (0853.HK)

Midlmidl.xyz𝕏Jul 2025 · $2.4M

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-investorsDraper Associates

Mogulmogul.clubin𝕏

Mogul Club is a fractional real estate investing platform that lets individuals buy ownership stakes in individual US rental properties (short-, mid-, and long-term rentals) starting at $250, with each property held in a dedicated LLC investment club.

FintechMarketplacesPropTechHouston, US

Alex Blackwood(Founder)Joey Gumataotao(Founder)

Co-investorsDraper AssociatesDraper B1Amplify.LAWonder Ventures

Moonpaymoonpay.comin𝕏

MoonPay provides infrastructure for buying, selling, and trading cryptocurrencies using standard payment methods such as cards and digital wallets, as well as tools for stablecoin management.

Crypto & Web3FintechDover, US

Ivan Soto-Wright(Founder)inVictor Faramond(Founder)Asiff Hirji(Executive Officer, Director)Maximilian Crown(Executive Officer, Director)

Co-investors1/1 Capitalalphabet angelsArchetypeBlossom CapitalBroadLight CapitalChapter One+14 more

Oasisprotocoloasisprotocol.org𝕏

Oasis provides infrastructure for building private and verifiable applications using hardware-secured enclaves that keep data encrypted and produce cryptographic proofs of execution.

Crypto & Web3Data & InfrastructureDeveloper Tools

Co-investorsArrington CapitalCogitent VenturesMapleblock CapitalPentos VenturesSilverFoxArrington XRP Capital+1 more

Open Agentsopenagents.com

Christopher David(Founder)in

Co-investorsDraper AssociatesHivemind Ventures, Llc

OpenTradeopentrade.ioin𝕏

OpenTrade provides stablecoin yield infrastructure that enables fintechs, exchanges, and other financial institutions to build and offer white-labeled yield products backed by real-world assets and decentralized finance strategies.

Crypto & Web3Fintech

David Sutter(Founder)in

Co-investorsAlbionVCMercury FundNotion CapitalTitan Funda16z cryptoCMCC Global

Opportunistic India Growth Stagecoindcx.com

A crypto-enabled financial services company providing borderless financial products and capital flow solutions.

Co-investors2am VCB Capital GroupB4 CapitalBlock.oneCoinbase VenturesEOS VC+6 more

otter aiotter.aiin𝕏

Otter.ai is an AI-powered meeting assistant that records, transcribes, and summarizes conversations in real time across multiple languages, automatically capturing decisions and action items.

AI & Machine LearningFuture of WorkSaaSMountain View, US

Sam Liang(Founder & CEO)inEli M(Founder)

Co-investors500 GlobalDFJ DragonFundDuke Capital PartnersFoothill VenturesFusionGeodesic Capital+9 more

PDAXpdax.phin𝕏

PDAX is a Philippine cryptocurrency exchange platform where users can trade Bitcoin, Ethereum, and other cryptocurrencies, store assets in a wallet, and buy government-issued bonds.

Crypto & Web3Fintech

Co-investorsConsenSys MeshDG Daiwa VenturesOak Drive ventures

Pqabelianpqabelian.ioin𝕏

Abelian is a Layer 1 blockchain built with post-quantum cryptography to protect transactions, assets, and data against quantum computing attacks, offering multi-tier privacy wallets and a token issuance protocol (AUT).

Crypto & Web3CybersecurityQuantum Computing

Exits · 2

IPOs and acquisitions across the tracked portfolio

CoinbaseNasdaq: COINOkloNYSE: OKLO

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Draper Dragon made?
Draper Dragon has 79 tracked investments, 2 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
What stage does Draper Dragon invest at?
Draper Dragon invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does Draper Dragon focus on?
Draper Dragon focuses on AI & Machine Learning, Consumer, Crypto & Web3, Deep Tech, Fintech, Healthtech, IoT.
Where is Draper Dragon located?
Draper Dragon is headquartered in Silicon Valley, US.
Who does Draper Dragon co-invest with?
Draper Dragon most often shares deals with Draper Associates, Coinbase Ventures, DFJ DragonFund, among 242 tracked co-investors.

From the blog

visit blog ↗

Draper Dragon has recently written about investments in infrastructure for AI agents with financial controls and multiple Bitcoin-native companies building lending, insurance, and compute platforms on Bitcoin. The firm also announced expansion into South Korea with a new Seoul office. AI summary

Media · Podcasts & interviews

featuring the team

Tim Draper, Founder of Draper Associates + Draper University joins NYSE TV Live

New York Stock Exchange · Tim Draper

A Fireside Chat with Tim Draper, Founder Draper Associates, at Paklaunch UNConference '24.2

Paklaunch · Tim Draper

Tim Draper, founder of DFJ and Draper Associates on what makes a place great for entrepreneurs

Eze Vidra · Tim Draper

Tim Draper Founder Draper Associates, DFJ & Draper Venture Network on Covid19 Crisis for Startups

FinTech Silicon Valley · Tim Draper

A Fireside Chat with Tim Draper, Founder Draper Associates/DFJ/Draper University

Paklaunch · Tim Draper

Alon Goren on his relationship with Tim Draper, & how it led to Draper Goren Blockchain

Ty Smith @ Coinbound · Tim Draper

Images

Draper Dragon photo

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