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Venture Capital

Draper Dragon

Draper Dragon backs early-stage and high-growth companies, typically pre-profit, from San Mateo, United States. It states a focus on software & internet and financial services.

Disclosed holdings76
Earliest stated investment
HeadquartersSan Mateo, United States
Stated fund sizeOrion Fund $80M

Stated investment criteria

What Draper Dragon says it buys

Read from Draper Dragon’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Founded20061
OfficesShanghai1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by Draper Dragon to consider any particular business, and nothing on this page is represented as being for sale.

Portfolio

Disclosed holdings

Companies Draper Dragon lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Acre
AllScale
Aplo
Arc
Auto Legends
Ballet
BlockJoy
Burnt
CUDIS
Carv
Centrifuge
Charms
ClinChoice
Coffer Network
CoinDCX
Coinbase
Coinflow
Cyber
Dmail
Ether.fi
Fog Works
Galxe
Gemini
GoSats
Helios Finance
Hifi Finance
Highstreet
Hinkal
Human
Imua
Ink Finance
IoTeX
Karma3Labs
KernelDAO
Ledger
Lyquor
MachineFi
Maestro
Mawari
Mezo
MicroPort
Microport Medical
Mogul Club
MoonPay
OpenAgents
OpenTrade
Otter
PDAX
Printr
Pyrus Financial
Qtum
Resolvr
Rilla
Sats Terminal
Skalor
Splashtop
Tevaera
Thesis
UNest
UpRock
VeChain
Veda
VirgoCX
Zulu Network
altobeam.com
anaxilabs.com
bbox.trade
capconnectplus.com
dotswap.app
midl.xyz
oasisprotocol.org
oklo.com
pqabelian.io
safle.com
saturnbtc.io
sx.bet

Compiled from Draper Dragon’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.