About Draper Richards Kaplan Foundation
Draper Richards Kaplan Foundation, established in 2002, is a social impact fund primarily based in Menlo Park, United States. It primarily finances Seed rounds for companies based in United States. Its portfolio includes 153 firms, spanning the Enterprise Applications, Environment Tech sectors.
As of Jul 2026, Draper Richards Kaplan Foundation has witnessed 3 portfolio exits. Its most notable investments include companies like Kiva, Avanti.in and Floodbase.
Its latest investment was a $1.27M Seed round in Farm to Feed on Nov 03, 2025, which also saw participation from Delta40 and Catalyst Fund.
Key Metrics
Founded Year
2002
Location
Menlo Park, United States
Sectors of Investment
Stages of Investment
Seed, Grant (prize money) & 1 more
Locations of Investment
Draper Richards Kaplan Foundation's List of Top Investments
Draper Richards Kaplan Foundation has a portfolio of 153 companies. Their most notable investments are in Kinvolved and FoodCorps.Their portfolio spans across United States, India, Kenya and 11 more locations. They have invested in Enterprise Applications, Environment Tech, Food and Agriculture Tech and 23 other sectors, across stages such as Seed, Grant (prize money) and 1 more. Here is the list of top investments by Draper Richards Kaplan Foundation:1. Kiva
Facilitator of microloans to entrepreneurs globally. It connects lenders with borrowers in developing countries and the U.S. The platform allows individuals to lend small amounts of money to support entrepreneurs' businesses. Loans are channeled through local partners or directly to borrowers, depending on location. The organization emphasizes due diligence in assessing both partners and individual borrowers to mitigate risk. Repayment of loans is not guaranteed.
Key facts about Kiva
- Founded Year: 2005
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $9.56M
- Employee Count: 402 as on Jun 30, 2026
- Investors: Draper Richards Kaplan Foundation, Omidyar Network and 2 Others
- Latest Funding Round: Grant (prize money), Jul 06, 2020, $*****
- Highlight: Editors' Pick
2. Avanti.in
Provider of test preparation solutions. They help high school students free test preparation programs,mentorship and career services that help them place into top tier science and technology.
Key facts about Avanti.in
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $10.5M
- Employee Count: 10 as on Aug 31, 2025
- Investors: The Rise Fund, Pearson and 8 Others
- Latest Funding Round: Series A, Dec 21, 2020, $*****
- Highlight: Editors' Pick

3. Floodbase
Provider of parametric flood insurance solutions. This company offers an end-to-end solution enabling insurance products for previously uncovered flood risk. It uses advanced flood mapping technology to expand addressable risk and power a new category of parametric flood insurance, providing payouts based on the magnitude of flooding. Policies cover various loss types, including business interruption, crop and land loss, and disaster response, offering flexible structures and quick payouts.
Key facts about Floodbase
- Founded Year: 2015
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $17M
- Employee Count: 27 as on Jun 30, 2026
- Investors: Ecosystem Integrity Fund, For Good Ventures and 12 Others
- Latest Funding Round: Series A, Feb 06, 2025, $*****
- Highlight: Editors' Pick
Provider of agricultural supplies and training to smallholder farmers. It offers seed, financing, and agricultural services to improve farm productivity and increase income. The organization focuses on supporting farmers in their efforts to feed their families and improve their livelihoods. Training programs are designed to enhance farming techniques and build resilience against climate challenges. The services aim to increase crop yields and overall farm profitability.
Key facts about One Acre Fund
- Founded Year: 2006
- Location: Bungoma (Kenya)
- Stage: Funding Raised
- Employee Count: 4,569 as on Jun 30, 2026
- Investors: Jasmine Social Investments, Draper Richards Kaplan Foundation and 3 Others
- Latest Funding Round: Conventional Debt, Jun 19, 2019, $*****
5. Numida
Online marketplace for working capital loans. It enables semiformal micro and small businesses with digital working capital loans. Its underwriting process enables to verify businesses and grow loan limits. It offers an app-based platform that is available on Android devices.
Key facts about Numida
- Founded Year: 2015
- Location: Kampala (Uganda)
- Stage: Seed
- Total Funding till date: $10.1M
- Employee Count: 165 as on Jun 30, 2026
- Investors: Serena Ventures, Lendable and 10 Others
- Latest Funding Round: Conventional Debt, Sep 28, 2022, $*****
- Highlight: Editors' Pick
Draper Richards Kaplan Foundation's Year-on-Year Investment Trends
Draper Richards Kaplan Foundation has invested in 153 companies over the last 23 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Farm to Feed and most recent follow-on round was in Phool.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 3 | 0 | 3 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 1 | 1 | 2 |
2019 | 0 | 0 | 0 |
2018 | 4 | 0 | 4 |
2017 | 1 | 0 | 1 |
Draper Richards Kaplan Foundation's Investments by Stage
Draper Richards Kaplan Foundation has made 14 investments in Seed stage with an average round size of $827K, 4 investments in Grant (prize money) stage with an average round size of $300K and 2 investments in Series A stage with an average round size of $5.78M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Grant (prize money) | 4 |
Series A | 2 |
Note: We have considered here, only first round of investments
Draper Richards Kaplan Foundation's Investments by Sector
Draper Richards Kaplan Foundation has a diverse portfolio, with companies operating in the Nonprofits, Consumer, EdTech, FinTech and Food and Agriculture Tech. Notably, it has invested in 58 Enterprise (B2B) companies, 49 Consumer (B2C) companies, 37 Social impact companies and at least 32 companies focusing on Tech.Sector | No. of Investments |
|---|---|
Nonprofits | 5 |
Consumer | 3 |
EdTech | 3 |
FinTech | 3 |
Food and Agriculture Tech | 3 |
Others | 17 |
Note: We have considered here, only first round of investments
Draper Richards Kaplan Foundation's Investments by Geography
Draper Richards Kaplan Foundation has made most investments in United States (11), followed by India where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 11 |
India | 2 |
Kenya | 2 |
Uganda | 2 |
Canada | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Draper Richards Kaplan Foundation's recent investments
Draper Richards Kaplan Foundation has not made any investment in 2026 so far.Here are the most recent investments by Draper Richards Kaplan Foundation:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 03, 2025 | Kenya | Seed | 1759 | [+6] | |
Sep 14, 2023 | Uganda | Seed | 2007 | [+2] | |
Feb 27, 2023 | Nepal | Seed | 6611 | [+2] | |
Feb 13, 2023 | United States | Series A | 7140 | ||
Apr 13, 2021 | Uganda | Seed | 2711 | [+2] |
Acquired companies in Draper Richards Kaplan Foundation's Portfolio
3 companies from Draper Richards Kaplan Foundation's portfolio have been acquired. The most recent acquisition was Uptrust in Aug 2023 by Fieldware for $*****.Here are Draper Richards Kaplan Foundation's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 22, 2023 | - | - | 7537 | |
Mar 16, 2022 | - | - | 3813 | |
Jan 25, 2022 | Nov 01, 2018 | Seed | 2829 |
Team profile of Draper Richards Kaplan Foundation
Draper Richards Kaplan Foundation has a team of 15 members including 6 Partners and 1 Venture Partner located in United States and Kenya. Draper Richards Kaplan Foundation's team does not sit on the board of any company as of now.Here is a list of top team members in Draper Richards Kaplan Foundation:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | Los Altos | - | - | |
Partner | Boston | - | - | |
Partner | Nairobi | - | ||
Partner | Philadelphia | - | ||
Partner | Menlo Park | - | ||
Venture Partner | Nairobi | - |
Co-investors of Draper Richards Kaplan Foundation
Over the past 23 years, 96 investors have co-invested in Draper Richards Kaplan Foundation's portfolio companies. This includes funds and angels.
- Invested before Draper Richards Kaplan Foundation: Y Combinator, Ted Dintersmith and 11 others have invested in rounds before Draper Richards Kaplan Foundation. There are 2 companies where Y Combinator has invested before Draper Richards Kaplan Foundation and 1 company where Ted Dintersmith has invested before Draper Richards Kaplan Foundation.
- Top Co-investors of Draper Richards Kaplan Foundation: 42 investors entered a company along with Draper Richards Kaplan Foundation. These include investors like Michael & Susan Dell Foundation (1 company).
- Invested after Draper Richards Kaplan Foundation: A total of 41 investors have invested in Draper Richards Kaplan Foundation's portfolio after their investments. Top Investors include U.S. Department of State (2 companies) and Vikram Gandhi (1 company).
Recent News related to Draper Richards Kaplan Foundation
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Agritech startup Emata raises $2.4 million seed fundingAfrica Business Communities•Sep 14, 2023•Emata, African Renaissance, Norrsken Foundation, Zephyr Management and 2 others
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MFS Africa leads $2.3M seed round in Ugandan fintech startup NumidaTechCrunch+•Apr 13, 2021•Numida, MFS Africa, Draper Richards Kaplan Foundation, Equilibria Capital and 2 others
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IIT Kanpur-backed startup Phool.co raises $1.4 mn in pre-Series A fundingBusiness Standard•Aug 27, 2020•Phool, Indian Angel Network Fund, Draper Richards Kaplan Foundation
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