Draper Dragon

Name

Draper Dragon

Legal name

Draper Dragon Inc.

Website

http://www.draperdragon.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Early-Stage Venture Capital

NAICS

Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Fintech / Insurtech CVC (Financial-services-led CVC) (FSANAHAK)

Keywords

• Venture capital fund
• Web3 investing
• Blockchain investments
• Startup accelerator programs
• Early-stage technology funding

Headquarters

HQ city

San Mateo

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management Fees and Carried Interest: Traditional VC revenue model consisting of management fees on committed capital (typically 2% annually) and carried interest on portfolio returns (typically 20% of profits above the hurdle rate). Revenue is generated from the returns on their investment portfolio across multiple funds including the $80M Orion Fund launched with Cardano.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Draper Dragon is an early-stage venture capital fund that invests in Web3, blockchain, and emerging technology startups, managing multiple investment vehicles including the $80M Orion Fund launched in partnership with Cardano. The firm operates accelerator programs (BitcoinFi Accelerator and Cyberport CDDJAP) that provide capital, mentorship, and follow-on investment support to portfolio companies, while leveraging the broader Draper Venture Network across Silicon Valley, Shanghai, and South Korea.

Product overview

Draper Dragon is an early-stage venture capital fund, not a product company. The firm operates several investment vehicles and programs rather than a unified product platform. Core offerings include the Orion Fund ($80M ecosystem fund with Cardano for institutional DeFi and RWA tokenization) and the BitcoinFi Accelerator (co-led with Draper Associates, Thesis, and Supernormal Foundation, a six-week program offering $150K checks with Demo Days). The Dragon Founders Club provides mentorship and networking for young entrepreneurs. The Cyberport x Draper Dragon Joint Accelerator Program (CDDJAP) is a three-month accelerator for Web3 and AI startups. The firm's portfolio spans digital assets (Coinbase, Ledger, Gemini), DeFi (Ether.fi, Kernel), RWA tokenization (Centrifuge, Mogul Club, OpenTrade), Bitcoin-native companies (Helios Finance, Mezo, Acre), and AI/blockchain ventures across exchanges, payments, and infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Dragon Founders Club: Elite young entrepreneur support program providing curated summits, direct mentorship with industry leaders, and company visits
• Cyberport x Draper Dragon Joint Accelerator (CDD-JAP)

Products and services

• Orion Fund $80 million ecosystem investment fund launched in partnership with Cardano Foundation targeting institutional DeFi adoption, real-world asset tokenization, and Bitcoin-Cardano infrastructure. Invests in Cardano-native and Cardano-integrated companies across real-world assets and institutional decentralized finance.
• BitcoinFi Accelerator Six-week accelerator program co-led with Draper Associates, Thesis, and Supernormal Foundation. Provides $150K accelerator checks to Bitcoin-native companies building the productive Bitcoin economy, with Demo Days and follow-on investment opportunities.
• Cyberport x Draper Dragon Joint Accelerator Programme (CDDJAP) Three-month joint accelerator program in Hong Kong for Web3 and AI startups. Provides 30 hours of mentorship across 10 sessions, technical support, legal advisory, business development, and market penetration support. Includes optional Silicon Valley camp at Draper University. Accepts up to 40 startups annually across two cohorts with HK$1,000 application fee and HK$35,000 programme fee.
• Dragon Founders Club Program designed to identify and support elite young entrepreneurs through curated summits, direct mentorship with industry leaders, and company visits. Members gain access to international peer networks and Draper Dragon's network of founders and investors.

Quantifiable outcome

• 100+ portfolio companies including unicorns and public companies
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Partnerships

Five partnerships are on record, tiered major, minor and core.

• Pharos NetworkmajorStrategic or Co-development Partner · 1 February 2026Strategic partnership with Pharos Network's 'Native to Pharos' $10M+ incubator program for early-stage teams building tokenized real-world asset products. Partners include Hack VC, Draper Dragon, Lightspeed Faction, and Centrifuge. Inaugural cohort launched in Hong Kong at Global Web3 Developer Conference hackathon.
• Cometa LabsminorStrategic or Co-development Partner · 1 January 2026In-house venture studio team of Draper Dragon, operating as part of the ecosystem partners to identify and support startups.
• CyberportcoreStrategic or Co-development Partner · 1 January 2025Hong Kong government-backed digital tech hub and leading digital community. Jointly powers the CDDJAP 3-month accelerator program with world-class mentors from Qtum, Solana Foundation, and top-tier VCs. Cyberport's support programme provides up to 75% fee reimbursement for eligible companies.
• Draper UniversitymajorStrategic or Co-development Partner · 1 January 2025Entrepreneurship training program in Silicon Valley founded by Tim Draper. Phase 2 of CDDJAP includes a 1-week Silicon Valley camp at Draper University with survival week, venture-building workshops, and Boost VC Pitch Day.
• BitcoinFi AcceleratorcoreStrategic or Co-development Partner · 1 January 2024Co-led accelerator with Draper Associates, Draper Dragon, and Thesis in partnership with Supernormal Foundation. Has supported over 20 startup teams across three batches in 1.5 years. Provides $150K accelerator checks to selected companies.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Pantera Capital: One of the largest crypto-native venture funds investing across Web3, DeFi, and tokenization themes globally. Directly comparable as a specialist early-stage crypto VC with multi-fund structure and significant AUM in digital assets.
• Dragonfly Capital: Leading crypto-focused venture fund investing in Web3 infrastructure, DeFi, and tokenization. Direct peer given shared crypto-native mandate, multi-stage investing, and similar portfolio overlap (e.g., Centrifuge-adjacent themes).
• Polychain Capital: Early-stage crypto venture fund with deep DeFi and protocol-level investments. Directly comparable as a specialist crypto VC with concentrated bets on emerging blockchain infrastructure and token economy theses.
• Paradigm: Major crypto-native investment firm focused on early-stage Web3 and DeFi protocols. Directly comparable given overlapping focus on bleeding-edge blockchain infrastructure and decentralized finance.
• Multicoin Capital: Crypto venture fund investing in tokens and equity across Web3, DeFi, and crypto infrastructure. Comparable as a thesis-driven crypto fund with similar mandate around tokenized assets and on-chain financial infrastructure.

Regional players

• HashKey Capital: Asia-focused crypto VC fund headquartered in Hong Kong, investing across Web3, DeFi, and blockchain infrastructure. Comparable given overlapping Asia focus, RWA tokenization thesis, and participation in CDD-JAP Investor Alliance.

Broad incumbents

• a16z Crypto: Cryptocurrency investment arm of Andreessen Horowitz, one of the largest and most established Web3 investors globally. Comparable as a major crypto VC with multi-stage mandate and institutional gravitas, though with much larger fund sizes and broader portfolio.
• Coinbase Ventures: CVC arm of Coinbase investing across early-stage crypto and Web3 companies. Comparable as a crypto-native strategic investor with deep portfolio overlap (Coinbase itself is in Draper Dragon's portfolio) and similar focus on tokenization and DeFi infrastructure.
• Binance Labs: Investment arm of Binance, the world's largest cryptocurrency exchange, deploying capital across Web3, DeFi, and blockchain infrastructure. Comparable as a major crypto-native strategic investor with global mandate and significant AUM in digital assets.

Others

• Draper Associates: Sister firm within the Draper Venture Network co-led by Tim Draper, partnering with Draper Dragon on BitcoinFi Accelerator and several portfolio companies (Helios, Midl). Comparable as the originating Draper entity and a frequent co-investor across Web3 and emerging tech deals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/DraperDragon

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments110 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Draper Dragon