Draper Associates

Draper Associates, L.P. is a venture capital firm based in San Mateo, California, founded in 1985. The firm specializes in seed-stage and early-stage investments across a diverse range of sectors, including consumer technology, financial technology, healthcare, manufacturing, education, and logistics. Draper Associates focuses on supporting companies that are poised to disrupt markets and drive significant industry transformation. The firm seeks to collaborate with innovative teams to foster growth and facilitate access to subsequent rounds of funding. With a commitment to encouraging entrepreneurial success, Draper Associates aims to help build platforms that contribute to job creation and wealth generation in the United States and beyond.

Tim Draper

Founder & Managing Partner

Matt Harris

Venture Partner

Megan Kurohara

Investor Relations and Marketing Professional

Andrew Tang

Partner

Rose Yip

Fund Controller

Past deals in Texas

PureCode

Pre Seed Round in 2022
PureCode is a developer tool company that has created a platform designed to transform design images into fully functional front-end code, effectively streamlining the development process. By leveraging proprietary technology that combines computer vision and artificial intelligence, PureCode aims to eliminate the need for manual coding in HTML, CSS, and JavaScript, allowing businesses to deliver products more quickly and cost-effectively. The company boasts a diverse team of over 20 professionals, including experts with PhDs in computer vision, deep learning researchers, and software engineers. PureCode plans to launch its platform later this year, having already secured contracts with various clients, including product companies and software agencies, who stand to benefit from its innovative solutions.

Shmoody

Seed Round in 2022
Shmoody is a mobile app helping people with depression, anxiety, and other mental health issues take simple actions to feel better. Shmoody was founded in 2020 and was headquartered in Texas, USA.

STEMuli

Seed Round in 2022
STEMuli’s suite of products put creator tools in the hands of teachers, amplifies real-time student data, and increases student engagement through our educational metaverse.

Phantom Neuro

Seed Round in 2022
Phantom Neuro creates a system that will enable lifelike control of robotic orthopedic technologies, such as prosthetic limbs and exoskeletons.

Slingshot Aerospace

Series A in 2022
Slingshot Aerospace, Inc. is a company that develops innovative online tools and platforms aimed at providing geospatial information for the aerospace and defense sectors. Incorporated in 2016 and headquartered in El Segundo, California, with an additional office in Austin, Texas, Slingshot Aerospace offers a suite of platforms—Slingshot Earth, Slingshot Orbital, Slingshot Edge, and Slingshot Imagery—that integrate data from a variety of sources, including satellites, airplanes, drones, and ground-based sensors. This integration enables organizations in industries such as energy, military, government, and emergency management to access critical insights and analytics. By leveraging advanced technologies, including signal processing AI, the company helps clients make informed decisions based on Earth Observation data and other data sources, ultimately improving operational efficiency, reducing risks, and lowering costs.

Colossal Biosciences

Series A in 2022
Colossal is a ground-breaking bioscience and gene engineering firm that develops cutting-edge genomics technology.

SourceDay

Series C in 2022
SourceDay LLC is a software company based in Austin, Texas, that specializes in providing a Software-as-a-Service solution for purchase order management. Founded in 2013, SourceDay offers a platform that centralizes and automates the management of purchase orders, facilitating real-time collaboration between procurement teams and suppliers. Its features include tools for managing purchase order exceptions, requests for quotes, accounts payable collaboration, and quality control, along with mobile access and integration capabilities with various ERP systems such as Syteline, Epicor, and NetSuite. The company's solutions are designed primarily for manufacturing and distribution companies, aiming to enhance supplier performance and streamline procurement processes while reducing associated costs.

Colossal Biosciences

Seed Round in 2021
Colossal is a ground-breaking bioscience and gene engineering firm that develops cutting-edge genomics technology.

Sunroom Rentals

Series A in 2021
Sunroom Rentals Texas, LLC is a technology company based in Austin, Texas, founded in 2018. The company offers an online application designed to simplify the process of finding and leasing rental properties, including condos, apartments, and houses. Users can easily locate available rentals, book tours, and submit applications directly through the platform. The service connects users with licensed agents and tour guides who facilitate property viewings during selected time slots. Additionally, the platform employs a backend dispatching application to notify agents when a tour is scheduled, enhancing the efficiency of the rental process.

SourceDay

Series B in 2020
SourceDay LLC is a software company based in Austin, Texas, that specializes in providing a Software-as-a-Service solution for purchase order management. Founded in 2013, SourceDay offers a platform that centralizes and automates the management of purchase orders, facilitating real-time collaboration between procurement teams and suppliers. Its features include tools for managing purchase order exceptions, requests for quotes, accounts payable collaboration, and quality control, along with mobile access and integration capabilities with various ERP systems such as Syteline, Epicor, and NetSuite. The company's solutions are designed primarily for manufacturing and distribution companies, aiming to enhance supplier performance and streamline procurement processes while reducing associated costs.

SourceDay

Series A in 2018
SourceDay LLC is a software company based in Austin, Texas, that specializes in providing a Software-as-a-Service solution for purchase order management. Founded in 2013, SourceDay offers a platform that centralizes and automates the management of purchase orders, facilitating real-time collaboration between procurement teams and suppliers. Its features include tools for managing purchase order exceptions, requests for quotes, accounts payable collaboration, and quality control, along with mobile access and integration capabilities with various ERP systems such as Syteline, Epicor, and NetSuite. The company's solutions are designed primarily for manufacturing and distribution companies, aiming to enhance supplier performance and streamline procurement processes while reducing associated costs.

Favor

Series B in 2017
Favor is a developer of a mobile-based food delivery application used to deliver restaurant-based food. Its service is a location-based mobile application and website portal that enable users to order food and groceries from stores and restaurants in the local area and delivers through courier at their door.

SourceDay

Seed Round in 2017
SourceDay LLC is a software company based in Austin, Texas, that specializes in providing a Software-as-a-Service solution for purchase order management. Founded in 2013, SourceDay offers a platform that centralizes and automates the management of purchase orders, facilitating real-time collaboration between procurement teams and suppliers. Its features include tools for managing purchase order exceptions, requests for quotes, accounts payable collaboration, and quality control, along with mobile access and integration capabilities with various ERP systems such as Syteline, Epicor, and NetSuite. The company's solutions are designed primarily for manufacturing and distribution companies, aiming to enhance supplier performance and streamline procurement processes while reducing associated costs.

Factom

Series A in 2017
Factom Inc. develops blockchain software solutions tailored for enterprises, government agencies, and non-profit organizations. The company offers a range of products, including Factom Harmony, which integrates with existing document management systems to secure loan document records; Factom Acolyte, enabling the creation of Oracles for smart contracts; and Factom Apollo, a real-time auditing and process verification engine. Additionally, Factom provides the Iris platform for Internet of Things (IoT) devices and Hera, a customizable application designed for private, permissioned distributed ledgers. These solutions focus on enhancing auditing, quality control, and due diligence processes. Founded in 2014 and headquartered in Austin, Texas, Factom also maintains support offices in California, China, and the United Kingdom. The company has made its Factom protocol open-source and continues to contribute to its development, offering a Blockchain-as-a-Service platform that ensures data integrity and compliance without the need for cryptocurrency or substantial infrastructure costs.

Kubos

Seed Round in 2017
Kubos Corporation is a satellite software company based in Denton, Texas, founded in 2014. It develops an open-source space flight software platform designed for building and operating satellite constellations on various hardware. The KubOS Platform includes essential flight-critical functions, such as a Linux kernel, hardware APIs, and a suite of onboard services, facilitating the development of satellite applications. Key features of the platform enable users to send commands to satellites, monitor telemetry data, and perform remote updates. Additionally, Kubos provides service level agreements to satellite operators, ensuring support for missions through guaranteed response times and onsite integration during satellite operations.

Affinaquest

Non Equity Assistance in 2017
Affinaquest provides a Software-as-a-Service (SaaS) platform, providing a CRM database system based on the Salesforce platform to manage information for fundraising. It allows nonprofit organizations of various sizes to operate a fundraising program, supported by necessary data management systems and reporting. The company’s SaaS platform includes functionalities, such as constituent demographics, campaign management, prospect management, gift and pledge processing, reports, dashboards, collaboration, data integration, customization tools, and security. Affinaquest was founded in 2009 and is based in Williamsburg, Virginia.

SourceDay

Convertible Note in 2015
SourceDay LLC is a software company based in Austin, Texas, that specializes in providing a Software-as-a-Service solution for purchase order management. Founded in 2013, SourceDay offers a platform that centralizes and automates the management of purchase orders, facilitating real-time collaboration between procurement teams and suppliers. Its features include tools for managing purchase order exceptions, requests for quotes, accounts payable collaboration, and quality control, along with mobile access and integration capabilities with various ERP systems such as Syteline, Epicor, and NetSuite. The company's solutions are designed primarily for manufacturing and distribution companies, aiming to enhance supplier performance and streamline procurement processes while reducing associated costs.

Favor

Series A in 2015
Favor is a developer of a mobile-based food delivery application used to deliver restaurant-based food. Its service is a location-based mobile application and website portal that enable users to order food and groceries from stores and restaurants in the local area and delivers through courier at their door.

GameSalad

Series A in 2012
GameSalad Inc. is a mobile game development platform based in Austin, Texas, founded in 2007 and initially known as Gendai Games, Inc. The company offers GameSalad Creator, a user-friendly visual programming interface that enables developers of all skill levels to design, publish, and distribute original games across multiple platforms, including iOS, Android, HTML5, Kindle, Windows, and Tizen. GameSalad also operates an online community where users can share ideas and collaborate on game development. Since its launch, the platform has empowered over one million aspiring game developers and has contributed to the success of more than 75 games that reached the top 100 in the App Store, making it a valuable resource for both educational purposes and independent game creation.