Draper Associates
Draper Associates is a venture capital firm headquartered in San Mateo, California, that backs early-stage and seed companies worldwide. The firm focuses on visionary founders pursuing transformative technologies across sectors such as artificial intelligence, robotics, biotech, crypto, space, software as a service, and cloud-based platforms. It supports portfolio companies from pre-seed to Series A, offering capital together with strategic guidance, mentorship, and access to a broad network to help teams scale and bring breakthrough ideas to market. Draper Associates maintains an industry-agnostic approach but seeks ventures with the potential to disrupt markets, create jobs, and drive meaningful growth. The firm emphasizes long-term partnerships and a willingness to fund ambitious projects that seem improbable today but may become inevitable tomorrow.
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Past deals in Iceland
Authenteq - an FNZ company
Funding Round in 2021
Authenteq Ltd. is an online identity verification and privacy platform that enables users to verify their identities and create their own sovereign digital IDs, which are securely stored using blockchain technology. Founded in 2012 and headquartered in Reykjavik, Iceland, the company has additional offices in Berlin, London, and Palo Alto. Authenteq's services are delivered through a mobile application, facilitating real-time identity verification for organizations. The platform utilizes AI to authenticate over 5,000 government-issued photo IDs from 193 countries in under 45 seconds. Authenteq has gained recognition and support from notable investors and has received various awards for its innovative approach to identity verification.
Authenteq - an FNZ company
Series A in 2019
Authenteq Ltd. is an online identity verification and privacy platform that enables users to verify their identities and create their own sovereign digital IDs, which are securely stored using blockchain technology. Founded in 2012 and headquartered in Reykjavik, Iceland, the company has additional offices in Berlin, London, and Palo Alto. Authenteq's services are delivered through a mobile application, facilitating real-time identity verification for organizations. The platform utilizes AI to authenticate over 5,000 government-issued photo IDs from 193 countries in under 45 seconds. Authenteq has gained recognition and support from notable investors and has received various awards for its innovative approach to identity verification.
Authenteq - an FNZ company
Seed Round in 2017
Authenteq Ltd. is an online identity verification and privacy platform that enables users to verify their identities and create their own sovereign digital IDs, which are securely stored using blockchain technology. Founded in 2012 and headquartered in Reykjavik, Iceland, the company has additional offices in Berlin, London, and Palo Alto. Authenteq's services are delivered through a mobile application, facilitating real-time identity verification for organizations. The platform utilizes AI to authenticate over 5,000 government-issued photo IDs from 193 countries in under 45 seconds. Authenteq has gained recognition and support from notable investors and has received various awards for its innovative approach to identity verification.
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