Draper Associates

Venture capital · San Mateo, California

Founded in 1985, Draper Associates is a venture capital firm based in San Mateo, California. 198 portfolio companies, 5 recorded rounds and 9 funds are on record.

AUM
$2.0B
Portfolio companies
198
Recorded deals
5
1 in last 12M
Last investment
Dec 2025

Draper Associates key facts

  • Draper Associates is a venture capital firm based in San Mateo, California with 198 tracked portfolio companies.
  • Notable positions include SpaceX, Polymarket, Colossal Biosciences.
  • PrivateMarketView records 5 deal participations by Draper Associates.
  • Draper Associates’s most recent recorded investment was in Dec 2025, one of 1 in the last 12 months.
  • Draper Associates has 9 funds on record, raising $662.6M across the 7 that report a size.
  • The team roster lists 13 people.

About Draper Associates

Founded in 1985, Draper Associates is a venture capital firm based in San Mateo, California. The firm seeks to invest from pre-seed to Series A. The firm prefers to invest in AI, robotics, biotech, robotics, defense, crypto, space, and deep tech. The firm is a Registered Investment Adviser (RIA).

Investment activity

Draper Associates joined 1 recorded round in the last two years, down from 3 in the two years before. By year: 1 in 2025, 1 in 2024 and 1 in 2023. Across all 5 recorded rounds, 3 were later-stage, 1 were early-stage and 1 were seed. Draper Associates is recorded as lead on 1 of them. Draper Associates most often invests alongside 1Confirmation (3 shared rounds), Balaji Srinivasan (2 shared rounds) and Boost VC (2 shared rounds). Most recently: Radiant (Series D, Dec 2025) and Polymarket (later-stage round, Aug 2024).

Draper Associates portfolio at a glance

198 portfolio companies are on record for Draper Associates, including SpaceX, Polymarket and Colossal Biosciences.

109 of the 198 carry a recorded valuation and 4 have recorded secondary-market trades, the names a secondary buyer or seller can price.

Draper Associates funds

9 funds are on record for Draper Associates, totalling $663 million across the 7 that report a size. The most recent is Draper Associates VIII (2026 vintage).

Draper Associates team

13 people are on record at Draper Associates: 4 principals, 4 venture partners, 2 partners, 1 advisor and 2 others. Senior names include Andrew Tang (Partner), Tim Draper (Founder) and Lord Sarfraz (Venture Partner). 13 of them have a verified direct contact on file.

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Portfolio

198 companies · priced for members
CompanyValuationRole
SpaceX▮▮
Polymarket▮▮
Colossal Biosciences▮▮
+ 195 more companies · all 198, priced and dated
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Draper Associates recent deals

5 recorded
Dec 2025RadiantSeries D▮
Aug 2024PolymarketLater Stage VC▮
Apr 2023RadiantSeries B▮
+ 2 more deals · amounts and lead flags are a member featureUnlock all 5 deals

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Funds

6 of 9 recorded
  • Draper Associates V (Draper Associates)—
  • Draper Associates VIII2026$301
  • Draper Associates Venus, L.P.2026$5.5M
  • Draper Associates VIII, L.P.2025$300.8M
  • Draper Associates Rhino SPV II, LLC2022$2.0M
  • Draper Associates VII, L.P.2022$152.3M

$662.6M raised across the 7 funds that report a size

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Team
13 people on record — 13 with verified contacts

Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.

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Frequently asked about Draper Associates

What companies does Draper Associates invest in?
Draper Associates has 198 recorded portfolio companies, including SpaceX, Polymarket, Colossal Biosciences.
What is Draper Associates's AUM?
Draper Associates manages approximately $2.0B in assets.
Is Draper Associates actively investing?
Draper Associates's most recent recorded investment was in Dec 2025, with 1 investments in the last 12 months.