Draper B1
Draper B1 is a Valencia-based seed and early-stage venture capital firm and the Southern European arm of the global Draper Venture Network. It invests €200,000 first tickets with €1-2M reserves in B2B digital startups, having backed 200+ founders over a decade and operating a new €20M+ Frontier Tech fund focused on AI, spacetech, and cybersecurity.
- Company typePrivate
- Founded2016
- HeadquartersValencia, Spain
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Draper B1 does
Draper B1 (legal entity BUSINESS BOOSTER SGEIC SA) is a Valencia-headquartered, privately held Spanish venture capital firm operating as the Southern European arm of the global Draper Venture Network (DVN), founded by Tim Draper. Founded circa 2016, the firm specializes in seed and early-stage investments into B2B and B2B2C digital startups, deploying a first ticket of €200,000 with a €1-2M follow-on reserve and explicitly positioning itself as the first institutional investor after founders demonstrate early traction. The firm reports having backed 200+ founders over a decade and executed 100+ tech funding rounds, with realized exits including Traventia, Signaturit, and Skitude.
The firm's core "products" are (1) its seed and early-stage venture capital program, (2) the newly closed Draper B1 Frontier Tech fund (over €20M, announced December 2025, focused on AI, spacetech, and cybersecurity with nine initial investments), and (3) a portfolio-level value-add stack: DVN membership delivering Tier 1 corporate introductions (Amazon, Apple, Dropbox, Oracle, PayPal, Samsung) and an annual Silicon Valley CEO Summit, a perks package worth more than €700,000 from AWS, IBM, Stripe, HubSpot, Microsoft Azure, Mixpanel, and Holded, and an integrated ESG framework with a binding pre-investment ESG clause and Dcycle.io carbon-footprint tooling. The firm also operates a Canal Ético whistleblower channel compliant with Spanish Law 2/2023.
Economically, Draper B1 follows a standard closed-end VC fund model: management fees on assets under management across multiple funds (the prior third fund exceeded €20M and achieved nearly 100% profitability within five years) and carried interest from exits. The team is compact, with approximately 9 core members led by Founding Partner Enrique Penichet and Managing Partners Raquel Bernal and Luz Adell, supplemented by six named Venture Partners. The firm sources primarily through direct inbound founder pitches via its website and network-sourced deal flow through DVN, and in 2025 deployed €4.3M across 18 companies.
Draper B1 firmographics
Firmographics- Name
- Draper B1
- Legal name
- BUSINESS BOOSTER SGEIC SA
- Website
- https://draperb1.vc
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Draper B1 is a Valencia-based seed and early-stage venture capital firm and the Southern European arm of the global Draper Venture Network. It invests €200,000 first tickets with €1-2M reserves in B2B digital startups, having backed 200+ founders over a decade and operating a new €20M+ Frontier Tech fund focused on AI, spacetech, and cybersecurity.
- Ownership category
- akta.pro rank
Draper B1 industry classification
Industry- Product category
- Venture Capital Services
- NAICS
- Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Financial Vehicles (525990)
- SIC
- Investors, Nec (6799), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)
Keywords
Where Draper B1 is headquartered
LocationHeadquarters
- HQ city
- Valencia
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Draper B1 business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund management fees: Recurring management fees charged on assets under management across Draper B1's venture capital funds (including the third fund exceeding €20M and the new Draper B1 Frontier Tech fund). Standard closed-end VC fund management fee structure.
- Carried interest / investment returns: Performance-based carried interest from successful portfolio exits and follow-on realizations. The third fund reportedly achieved nearly 100% profitability within five years, reflecting meaningful realized returns.
- Capital gains from equity investments: Direct equity ownership in portfolio companies (typical seed-stage venture capital model), with returns realized through exits, secondary sales, or continued holding of appreciated stakes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | First ticket: €200,000 with €1-2M reserve for follow-on |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Draper B1 product offering
Product offeringCore offering
Draper B1 is a seed and early-stage venture capital firm that invests €200,000 as a first ticket with €1-2M reserves in B2B and B2B2C tech startups based in Southern Europe. The firm operates as the Southern European arm of the global Draper Venture Network, providing portfolio companies with access to 25+ independent VC firms worldwide, Tier 1 corporate introductions (Amazon, Apple, Dropbox, Oracle, PayPal, Samsung), an annual CEO Summit, and a perks package worth more than €700,000 from technology partners.
Product overview
Draper B1 is a Southern European (Valencia-based) seed and early-stage venture capital firm and the regional arm of the global Draper Venture Network. Its core offering is the Draper B1 Seed & Early-Stage Venture Capital program (first ticket €200,000, reserves €1-2M), which has backed 100+ portfolio companies across more than 10 years in Software, Marketplaces, On-demand services, and AI & Blockchain. The flagship new vehicle is the Draper B1 Frontier Tech Fund (over €20M), focused on AI, spacetech, and cybersecurity and aimed at bridging Europe and the United States. Layered on top of pure capital are two portfolio-level programs: (1) the Draper Venture Network Membership & Access, which provides global Tier 1 corporate introductions and an annual CEO Summit; and (2) the Startup Perks Program, a curated package of cloud, payments, CRM, analytics and SaaS credits worth more than €700,000 from partners including AWS, IBM, Stripe, HubSpot, Microsoft Azure, Mixpanel, and Holded. Cross-cutting governance is delivered through the firm's ESG Policy & Responsible Investment Program (integrated across the investment cycle, with a pre-investment ESG clause and carbon-footprint tooling via Dcycle.io) and the Canal Ético, the firm's Spanish Law 2/2023 whistleblower channel. Together these constitute a platform-plus-modules architecture in which the Draper B1 fund is the core product, the Frontier Tech Fund is the most recent vehicle, and DVN membership, perks, ESG framework, and the ethics channel are supporting modules that strengthen portfolio outcomes.
Differentiator
Problem solved
Functional benefit
Products and services
- Draper B1 Seed & Early-Stage Venture Capital
- Draper B1 Frontier Tech Fund
- Draper Venture Network (DVN) Membership & Access
Quantifiable outcome
- Draper B1 backed 200+ founders over 10 years.
- +5 more outcomes
Companies that use Draper B1
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles3 records
Draper B1 technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Draper B1 partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered flagship / core, core and minor.
- Draper Venture Networkflagship / coreDraper B1 is the Southern European arm of the Draper Venture Network, founded by Tim Draper (early backer of Baidu, Skype, SpaceX, Hotmail, Tesla). The network brings together over 25 independent VC firms from across the world to support each other's portfolio, share best practices, and gain insight, with a dedicated team based in Silicon Valley facilitating growth and corporate introductions to Amazon, Apple, Dropbox, Oracle, PayPal, Samsung, and others. Annual CEO Summit brings founders together with leading global thinkers.
- Tim Draperflagship / coreTim Draper serves as a Venture Partner (VC Investor) at Draper B1. He is the founder of the Draper Venture Network and an early backer of Baidu, Skype, SpaceX, Hotmail, and Tesla. His affiliation provides strategic credibility and direct access to the broader Draper network for Draper B1 portfolio companies.
- Amazon Web Services (AWS)coreAWS provides Draper B1 portfolio startups with up to $100,000 in AWS Promotional Credit valid for 1 year (or $15K valid for 2 years), 1 year of AWS Business Support, and an AWS Activate Toolbox with offers for Amazon Payments and Amazon Marketplace, plus low-cost, easy-to-use infrastructure to scale.
- IBMcoreIBM provides Draper B1 portfolio startups with between $12,000 and $120,000 USD of IBM Cloud credits, access to a global network of solutions architects offering technical expertise, and go-to-market support and mentor advice.
- StripecoreStripe waives transaction volume fees for Draper B1 portfolio startups, covering checkout, stripe.js & elements, iOS, Android, saving cards, charges, refunds, payouts, supported currencies, disputes & fraud, and connect platforms.
- HubSpotcoreHubSpot provides Draper B1 portfolio startups with HubSpot CRM Free to manage contacts/leads/customers, 90% off Marketing Starter/Pro/Enterprise and Sales Pro software for 12 months (50% off for the next 12), startup onboarding with reduced $300 one-time cost, dedicated strategy consulting, and 24/7 support.
- Microsoft Azure (BizSpark Plus)coreMicrosoft Azure provides Draper B1 portfolio startups with up to $120,000 of free Azure cloud services (declining balance) with BizSpark Plus, plus free Microsoft development/test software (Windows, Visual Studio, Office, SQL Server), Azure training classes, technical content, and 4 break-fix phone support incidents.
- MixpanelcoreMixpanel provides Draper B1 portfolio startups with up to $50,000 USD in credits to use on the Mixpanel Growth Plan over 12 months, supporting product analysis to increase conversion, retention, and user interaction.
- OraclecoreOracle Startup program provides Draper B1 portfolio startups with credits and cloud services to support early-stage growth.
- HoldedcoreHolded provides Draper B1 portfolio startups with 40% off any of the annual Holded plans, offering cloud-based smart business management software for SMEs.
- INCIBE (Instituto Nacional de Ciberseguridad)minorDraper B1 is a collaborating entity with INCIBE, the Spanish National Cybersecurity Institute, displayed as an official seal on the Draper B1 website footer, supporting entrepreneurship initiatives in Spain.
- SEO Alternative InvestmentminorDraper B1 has partnered with SEO Alternative Investment to create an internship programme focussed on minorities as part of its Diversity & Inclusion commitment.
- DiversityVCminorDraper B1 partners with DiversityVC to host internships annually as part of its diversity, inclusion, and equality in the workplace commitment.
- YSYSminorDraper B1 has partnered with YSYS to support diversity, inclusion, and equality in the workplace initiatives for the venture capital industry.
- ColorinTechminorDraper B1 has partnered with ColorinTech to support diversity and inclusion initiatives in the tech and venture capital ecosystem.
- Level20minorAll women C-level staff of Draper B1 belong to and support Level20, providing mentors and mentees with the aim of promoting diversity (focusing on gender gap) within the VC industry.
- Dcycle.iocoreDraper B1 has invested in Dcycle.io and closed a partnership to measure its own and all portfolio companies' carbon footprint, supporting its environmental ESG commitments.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Draper B1 competitors and assessment
Company assessmentDirect peers
- Bullnet Capital: Spanish early-stage tech VC based in Barcelona with a deep-tech focus. Comparable ticket size and Iberian focus, with overlapping interest in B2B and technology-driven businesses.
- K Fund: Madrid-based seed-stage VC investing in Spanish tech startups. Most direct comparable in stage, geography (Iberian), and sector focus; co-investor with Draper B1 in Tether's pre-seed, indicating overlapping deal pipelines.
- JME Ventures: Spanish seed and early-stage VC founded by Juan Magén, investing across Spain and Portugal in B2B SaaS and digital businesses. Comparable stage, ticket size, and Iberian geography; both target founders seeking international scaling.
- Seaya Ventures: Madrid-headquartered early- and growth-stage VC investing in Spanish and Southern European tech-enabled companies. Closely comparable regional focus with somewhat larger ticket sizes than Draper B1.
- Encomenda Smart Capital: Barcelona-based seed VC investing in Spanish digital and tech-enabled startups. Direct stage, geography, and sector overlap with Draper B1's B2B digital focus.
Broad incumbents
- Wayra (Telefónica): Telefónica's global corporate venture arm with a significant presence in Spain. Operates at the same seed stage as Draper B1 but offers corporate distribution advantages from a major telco rather than independent fund economics.
- Caixa Capital Risc: Spanish VC arm of CriteriaCaixa investing across seed to growth stages in Spanish startups. Same geography and ecosystem as Draper B1 but with deeper LP backing from a major financial institution.
- Speedinvest: Vienna-based early-stage VC with sector-focused funds (including deep tech/AI), a much larger AUM than Draper B1. Broader European incumbent with overlapping investment stages and themes but operating at significantly greater scale.
- Earlybird Venture Capital: Berlin-based European VC with deep-tech and digital funds active across seed to growth stages. Larger and broader European incumbent; relevant for benchmarking how Southern European seed VCs compete for cross-border deal flow.
Others
- Santander X / Santander Ventures: Corporate-backed startup programs and venture activity from Banco Santander in Spain. Not a direct capital competitor to Draper B1 at seed, but shapes the Spanish startup ecosystem and occasionally co-invests at early stages.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Draper B1 social profiles
Digital presenceDraper B1 compliance and trust
Trust signalCompliance2 records
Draper B1 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Draper B1 leadership team
Management profileNumber of profiles
Profiles16 records
Draper B1 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Draper B1 M&A and investment
M&A and investmentM&A
Investments115 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Draper B1
What does Draper B1 do?
Draper B1 is a seed and early-stage venture capital firm that invests €200,000 as a first ticket with €1-2M reserves in B2B and B2B2C tech startups based in Southern Europe. The firm operates as the Southern European arm of the global Draper Venture Network, providing portfolio companies with access to 25+ independent VC firms worldwide, Tier 1 corporate introductions (Amazon, Apple, Dropbox, Oracle, PayPal, Samsung), an annual CEO Summit, and a perks package worth more than €700,000 from technology partners.
Is Draper B1 a public or private company?
Draper B1 is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Draper B1 founded?
Draper B1 was founded in 2016. It employs 1 to 10 people.
Where is Draper B1 based?
Draper B1 is headquartered in Valencia, Spain, in the Europe region.
How does Draper B1 make money?
Three revenue lines are on record. Fund management fees are the primary driver. The others are carried interest / investment returns and capital gains from equity investments.
Who are Draper B1's main competitors?
Direct peers on record are Bullnet Capital, K Fund, JME Ventures, Seaya Ventures and Encomenda Smart Capital. Broad incumbents are Wayra (Telefónica), Caixa Capital Risc, Speedinvest and Earlybird Venture Capital. Santander X / Santander Ventures is listed as an others.
Does Draper B1 have an API?
No public API is recorded for Draper B1.
What industry is Draper B1 in?
Draper B1's product category is Venture Capital Services. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAHAF, Corporate Strategic Partnership & Ecosystem Investment Arms. Its NAICS code is 523940 and its SIC code is 6799.