Draper Associates

Draper Associates, established in 1985, is a California-based venture capital firm specializing in seed-stage investments. The company focuses on backing exceptional teams globally that are developing transformative technologies in sectors such as new media, gaming, SaaS, cloud, fintech, IoT, and mobile. Draper Associates aims to facilitate growth and industry disruption, with portfolio companies demonstrating significant market impact and potential for future fundraising.

Sahir Ali

Limited Partner

Maxime Bucaille

Investor

Megan Kurohara

Investor

Tyrone Lee

Venture Partner

Siri Srinivas

Principal and Investment Team

Past deals in Bitcoin

sati

Pre Seed Round in 2025
Sati is revolutionising financial inclusion, beginning in Latin America, by making digital currencies more accessible. With our revolutionary WhatsApp-based platform, users can easily acquire, trade, and receive stable currencies and Bitcoin

Torram Labs

Pre Seed Round in 2024
Torram Labs is a technology company specializing in the development of middleware solutions for the Bitcoin blockchain. Their primary product is a decentralized Oracle network and indexer, designed to securely provide off-chain data to applications built on Bitcoin. This enables seamless integration of financial and predictive market data with on-chain information, unlocking the value through programmable event-driven smart contracts. By doing so, Torram Labs facilitates the creation of applications that were previously impossible on the Bitcoin blockchain, thereby expanding its functionality and potential.

Ark Labs

Pre Seed Round in 2024
Ark Labs is scaling Bitcoin with Ark, a new layer two protocol for fast, low-cost, seamless payments.

Zest Protocol

Seed Round in 2024
Zest Protocol operates an innovative, on-chain Bitcoin lending platform. It enables Bitcoin holders to earn more BTC or borrow against their holdings, creating a productive and secure borrowing and lending ecosystem. The platform minimizes risks such as counterparty risk by leveraging Bitcoin and Layer 2 solutions. Users can participate in yield pools using Stacks and Bitcoin addresses, with rewards provided in USDC/T on Ethereum, denominated in USD.

Mezo

Series A in 2024
Mezo is a bitcoin economic layer network that provides fast and cheap bitcoin transactions to hold tokens while earning yield.

AMBOSS

Seed Round in 2023
AMBOSS is a company that has created a lightning liquidity platform aimed at safeguarding buyers and sellers through user-friendly smart contracts and reputation functionalities. The platform developed by the company includes a lightning network explorer and data analytics tool that present clients with information about their connections and payment capabilities. By identifying nodes to initiate payment agreements, the platform offers intuitive data displays to assist clients in efficiently organizing the market on the bitcoin lightning network.

Bitwage

Venture Round in 2021
Bitwage, Inc. is an online platform that offers payroll and payment solutions for employers, employees, and freelancers, allowing them to send and receive payments using Bitcoin and other cryptocurrencies. Founded in 2014 and based in San Francisco, the company enables users to choose their preferred payment mix, including Bitcoin, stablecoins, and local currencies. Its services cater to the needs of the growing remote workforce, facilitating faster and more cost-effective international transactions with direct bank and wallet deposits. Bitwage aims to simplify the payroll process by integrating individuals with payroll providers, thereby enhancing the efficiency of wage payments in the evolving digital economy.

Bitrefill

Funding Round in 2021
Bitrefill is a crypto-focused company that specializes in offering gift cards and prepaid mobile refills globally, catering to both individual customers and businesses. Founded in 2014 and headquartered in Stockholm, Sweden, Bitrefill provides an extensive selection of over 1,600 products available in 170 countries, all accessible without the need for user registration or login. The platform enables users to top up their mobile balances and purchase gift cards instantly through its application or website, utilizing innovative cryptocurrency payment options, including the Lightning Network. Bitrefill aims to facilitate everyday transactions using bitcoin, promoting a seamless and fraud-proof experience for its users.

Unocoin

Series A in 2020
Unocoin is a mobile wallet service based in Tumakuru, India, that facilitates the buying, selling, storing, and acceptance of bitcoins. Launched in 2013, it is available on iOS and Android platforms, allowing users to manage their cryptocurrency through features such as printing paper wallets, importing bitcoin addresses, and withdrawing bitcoins to these wallets. Additionally, Unocoin provides a cryptocurrency trading platform that offers users access to real-time market data and supports a trading application programming interface. This platform is designed to cater to both casual users and high-volume traders by enabling secure trading and dynamic fee structures.

OpenNode

Seed Round in 2018
OpenNode Inc. operates a bitcoin payment processing platform that facilitates transactions for e-commerce, retail, and gaming companies. Founded in 2018 and based in the United States, OpenNode provides an easy-to-use solution that includes a plug-in service for online shopping carts and payment infrastructure APIs for developers. The platform enables instant settlements, allowing businesses to accept bitcoin payments and exchange them for local currency seamlessly. Additionally, it supports microtransactions and quick invoicing, bridging the gap between cryptocurrency and traditional payment methods. By offering a user-friendly interface and rapid processing capabilities, OpenNode aims to create a borderless payment ecosystem where transactions can be completed in both bitcoin and fiat currency.

Coinbase Global

Series D in 2017
Coinbase Global, established in 2012, operates a leading cryptocurrency exchange platform in the United States. The company facilitates transactions, buying, selling, and storage of digital currencies such as Bitcoin, Ethereum, and Litecoin for both consumers and merchants. Coinbase offers a range of products including Coinbase.com, a user-friendly platform for bitcoin transactions, a global digital asset exchange, merchant tools, and custodial services. The company, headquartered in San Francisco, California, aims to provide a safe and regulation-compliant entry point into the cryptocurrency economy.

BitPesa

Series A in 2017
BitPesa Ltd. is a digital currency exchange based in Karen, Kenya, that facilitates the conversion of Bitcoin to Kenyan Shillings. Founded in 2013, the company operates an online platform that utilizes blockchain technology to streamline business payments and trade between Africa and the global market. BitPesa provides both individuals and institutions with wholesale cryptocurrency liquidity, ensuring fast settlement and a range of currency options. Recognized for its security measures and liquidity, it holds the distinction of being the first blockchain company licensed by the UK's Financial Conduct Authority and adheres to strict Know Your Customer (KYC) practices. The company has successfully traded over $500 million, establishing itself as a leading player in the African cryptocurrency exchange landscape.

Ripio

Series A in 2017
Ripio, formerly known as Bitpagos, is a financial payments company based in Latin America that focuses on providing electronic payment solutions for businesses. Leveraging blockchain technology, Ripio aims to create a more accessible financial system in emerging markets. The company facilitates international transactions for merchants using credit cards or bitcoins at lower costs and allows consumers to purchase bitcoins instantly with cash. Operating in countries such as Argentina, Brazil, Chile, and Ecuador, Ripio's platform accepts various payment methods, including bitcoin and credit cards, and offers services such as local currency payouts for merchants, a digital wallet, and financing options for installment payments. Through these services, Ripio seeks to strengthen the digital economy by offering alternatives to traditional banking.

Bitwage

Seed Round in 2015
Bitwage, Inc. is an online platform that offers payroll and payment solutions for employers, employees, and freelancers, allowing them to send and receive payments using Bitcoin and other cryptocurrencies. Founded in 2014 and based in San Francisco, the company enables users to choose their preferred payment mix, including Bitcoin, stablecoins, and local currencies. Its services cater to the needs of the growing remote workforce, facilitating faster and more cost-effective international transactions with direct bank and wallet deposits. Bitwage aims to simplify the payroll process by integrating individuals with payroll providers, thereby enhancing the efficiency of wage payments in the evolving digital economy.

Bitrefill

Seed Round in 2015
Bitrefill is a crypto-focused company that specializes in offering gift cards and prepaid mobile refills globally, catering to both individual customers and businesses. Founded in 2014 and headquartered in Stockholm, Sweden, Bitrefill provides an extensive selection of over 1,600 products available in 170 countries, all accessible without the need for user registration or login. The platform enables users to top up their mobile balances and purchase gift cards instantly through its application or website, utilizing innovative cryptocurrency payment options, including the Lightning Network. Bitrefill aims to facilitate everyday transactions using bitcoin, promoting a seamless and fraud-proof experience for its users.

HashRabbit

Seed Round in 2015
HashRabbit Inc., established in 2014 and located in San Mateo, California, specializes in providing bitcoin mining services tailored for institutional clients. The company offers a digital asset mining platform designed to ensure the management and security of bitcoin miners. This platform allows clients to control and monitor multiple mining machines through a single interface, facilitating efficient operations. Additionally, it provides timely updates regarding necessary security patches, enabling clients to engage directly with the blockchain at its foundational level.

Korbit

Series A in 2014
Korbit, Inc. is a South Korean company founded in 2013 that specializes in providing online bitcoin exchange, wallet, and merchant processing services. Based in Seoul, Korbit operates a platform that leverages blockchain technology to facilitate secure and rapid cryptocurrency transactions, allowing users to buy, sell, and exchange digital currencies with bank-level security. As of September 2017, Korbit functions as a subsidiary of NXC Corporation. The company's services aim to enhance the accessibility and efficiency of cryptocurrency transactions for users in the global market.
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