About Draper Dragon
Draper Dragon is a venture capital firm founded in 2006. It is primarily based out of Shanghai, China. As of Oct 2026, Draper Dragon is an active investor, having invested in 135 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Seed round of Spout Finance Overall, Draper Dragon portfolio has seen 3 unicorns, 3 IPOs and 9 acquisitions including key companies like Coinbase, CoinDCX and Ledger. A lot of funds co-invest with Draper Dragon, with names like Draper sharing a substantial percentage of its portfolio. Draper Dragon has team of 10 people including 8 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Portfolio IPOs
Deals in last 12 months
Draper Dragon's List of Top Investments
Draper Dragon has a portfolio of 135 companies, including 3 unicorns. Their most notable investments are in VirgoCX and 1047 Games.Their portfolio spans across United States, China, Canada and 10 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 25 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by Draper Dragon:
1. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,025 as on Sep 30, 2026
- Investors: Intel, 2020 Ventures and 152 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
2. CoinDCX
Provider of cryptocurrency exchange services. This platform enables users to trade various digital assets through a secure and intuitive interface. It offers tools for buying, selling, and managing portfolios of cryptocurrencies, catering to both retail and professional traders. The service focuses on providing liquidity and market access for a wide range of blockchain-based tokens.
Key facts about CoinDCX
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $247M
- Employee Count: 101 as on May 31, 2026
- Investors: Steadview, Temasek and 32 Others
- Latest Funding Round: Series D, Oct 15, 2025, $*****
- Highlight: Editors' Pick
3. Ledger
Blockchain based hardware wallet for cryptocurrency. Its products offered include Nano X, Nano S, Blue, and OTG Kit. It supports multiple cryptocurrencies including Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, and more. It offers a vault which is a multi authorization cryptocurrency wallet management solution.
Key facts about Ledger
- Founded Year: 2014
- Location: Paris (France)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $575M
- Employee Count: 802 as on Sep 30, 2026
- Investors: RAA Capital, Felix Capital and 71 Others
- Latest Funding Round: Series C, Mar 08, 2023, $*****
- Highlight: Editors' Pick
4. Gemini
Platform offering crypto exchange solutions. It allows users to buy, sell, and trade digital assets including crypto and NFTs. It allows users to exchange digital currencies through electronic trading tools. The app is available on iOS and Android devices.
Key facts about Gemini
- Founded Year: 2014
- Location: New York City (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $424M
- Employee Count: 1,820 as on Sep 30, 2026
- Investors: RAA Capital, ARTFO Holdings and 28 Others
- Latest Funding Round: Series A, Nov 18, 2021, $*****
- Highlight: Public
5. Otter.ai
Developer of an AI meeting agent providing transcription and summarization. The agent offers live transcripts, automated summaries, and action items from meetings. It integrates with various platforms to streamline workflows. The AI agent provides insights and helps structure ideas from conversations. It also automates follow-ups and syncs notes.
Key facts about Otter.ai
- Founded Year: 2016
- Location: Los Altos (United States)
- Stage: Series B
- Total Funding till date: $70M
- Employee Count: 304 as on Sep 30, 2026
- Investors: Bess Ventures, DHVC and 26 Others
- Latest Funding Round: Series B, Feb 25, 2021, $*****
- Highlight: Editors' Pick
Draper Dragon's Year-on-Year Investment Trends
Draper Dragon has invested in 135 companies over the last 20 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Oct 2026, it has made 4 investments in this year. Its most recent first time investment was in Spout Finance and most recent follow-on round was in Dmail.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 8 | 0 | 8 |
2024 | 17 | 0 | 17 |
2023 | 4 | 2 | 6 |
2022 | 11 | 0 | 11 |
2021 | 12 | 6 | 18 |
2020 | 4 | 2 | 6 |
2019 | 2 | 0 | 2 |
2018 | 6 | 0 | 6 |
2017 | 4 | 0 | 4 |
Draper Dragon's Investments by Stage
Draper Dragon has made 40 investments in Seed stage with an average round size of $4.11M, 25 investments in Series A stage with an average round size of $11.9M and 7 investments in Series B stage with an average round size of $49.8M.Stage of entry | No. of Investments |
|---|---|
Seed | 40 |
Series A | 25 |
Series B | 7 |
Angel | 3 |
ICO | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Draper Dragon's Investments by Sector
Draper Dragon has a diverse portfolio, with companies operating in the Blockchain Technology, High Tech, FinTech, Blockchain - Industry Applications and Enterprise Applications. Notably, it has invested in 115 Tech companies, 77 Blockchain companies, 72 Consumer (B2C) companies and at least 72 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Blockchain Technology | 55 |
High Tech | 48 |
FinTech | 42 |
Blockchain - Industry Applications | 34 |
Enterprise Applications | 19 |
Others | 49 |
Note: We have considered here, only first round of investments
Draper Dragon's Investments by Geography
Draper Dragon has made most investments in United States (41), followed by China where it has made 14 investments.Country | No. of Investments |
|---|---|
United States | 41 |
China | 14 |
Canada | 7 |
India | 4 |
Singapore | 4 |
Others | 7 |
Note: We have considered here, only first round of investments
Draper Dragon's recent investments
Draper Dragon has made 4 investments in 2026 so far. Spout Finance and Xverse are the latest among them.Here are the most recent investments by Draper Dragon:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 15, 2026 | United States | Seed | 4799 | [+6] | |
Oct 05, 2026 | China | Seed | 8763 | [+1] | |
May 18, 2026 | United States | Seed | 3931 | [+8] | |
Mar 06, 2026 | - | Seed | 6875 | [+2] | |
Jul 13, 2025 | United States | Seed | 9362 |
Unicorns in Draper Dragon's Portfolio
Draper Dragon has 3 unicorns in its portfolio - CoinDCX, Ledger and Splashtop. The most recent unicorn in their portfolio is CoinDCX. It became a unicorn in 2021.Here is a list of unicorns in Draper Dragon's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
83 | Provider of cryptocurrency exchange services | 2018 | Mumbai | Series D | nrblxry | ||
82 | Blockchain based hardware wallet for cryptocurrency | 2014 | Paris | Series C | ihcozif | ||
67 | Provider of remote access and remote support software and solutions | 2006 | San Jose | Series E | eip{tak |
IPOs and Publicly Listed companies in Draper Dragon's Portfolio
3 of Draper Dragon's portfolio companies have become public. Gemini got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2025 at marketcap of $1.22B and Jing-Jin Electric Technologies got listed on the Shanghai Stock Exchange (SSE) at marketcap of $284M.Here are Draper Dragon's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 12, 2025 | - | - | 4011 | |
Oct 27, 2021 | - | - | 4392 | |
Apr 14, 2021 | - | - | 2425 |
Acquired companies in Draper Dragon's Portfolio
9 companies from Draper Dragon's portfolio have been acquired. The most recent acquisition was Acre in Jun 2026 by Hypersurface for $*****.Here are Draper Dragon's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 23, 2026 | Feb 20, 2025 | Series A | 1005 | |
Sep 02, 2025 | Jun 29, 2020 | Seed | 3313 | |
Jul 25, 2022 | - | - | 8569 | |
Apr 04, 2022 | May 01, 2017 | Seed | 3793 | |
Aug 27, 2019 | - | - | 5718 |
Team profile of Draper Dragon
Draper Dragon has a team of 10 members including 8 Partners and 1 Principal located in United States. Draper Dragon's team does not sit on the board of any company as of now.Here is a list of all team members in Draper Dragon:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Mateo | - | ||
Partner | United States | - | ||
Partner | San Mateo | - | - | |
Partner | San Mateo | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | California | - | ||
Partner | Los Angeles | - | ||
Principal | San Mateo | - | - |
Co-investors of Draper Dragon
Over the past 20 years, 654 investors have co-invested in Draper Dragon's portfolio companies. This includes funds and angels.
- Invested before Draper Dragon: HashKey, Digital Currency Group and 171 others have invested in rounds before Draper Dragon. There are 3 companies where HashKey has invested before Draper Dragon and 2 companies where Digital Currency Group has invested before Draper Dragon.
- Top Co-investors of Draper Dragon: 357 investors entered a company along with Draper Dragon. These include investors like Draper (11 companies).
- Invested after Draper Dragon: A total of 124 investors have invested in Draper Dragon's portfolio after their investments. Top Investors include Notable Capital (2 companies), Anthos Capital (2 companies) and Pantera Capital (2 companies).
Recent News related to Draper Dragon
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Spout Raises $2M Strategic Round for 0% Interest Borrowing on Tokenized US StocksSubmit Press Release•Oct 15, 2026•Spout Finance, Solana Labs, Draper Dragon, Anchorage Digital and 1 other
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AEON Raises $8M in Pre-Seed FundingFinSMEs•May 18, 2026•AEON, YZi Labs, Blockchain Builders Fund, Oak Grove Ventures and 8 others
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Cardano and Draper Dragon launch $80M Orion Fund to drive institutional DeFi adoptionTech Funding News•Apr 07, 2026•Cardano, Draper Dragon
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Helios Finance Secures $1M in Funding to Unlock On-Chain Bitcoin LiquidityThe Block•Mar 06, 2026•3Commas, Draper Dragon, Draper, BitcoinFi and 1 other
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AllScale Secures $5M Seed Funding to Empower Global Microbusinesses With Stablecoin NeobankBitcoin Insider•Dec 08, 2025•AllScale, Informed Ventures, Generative Ventures, YZi Labs and 2 others
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YZi Labs has Issued Formal Notice to 10X Capital and Cautions Shareholders of CEA Industries, Inc. Regarding the Value-Destructive Actions of 10X Capital, the Company’s Asset ManagerFinancial Post•Dec 03, 2025•YZi Labs, Informed Ventures, AllScale, Draper Dragon and 2 others
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Printr Raises $4.5M in FundingFinSMEs•Oct 21, 2025•Flow, Sui Foundation, Mantle Network, LayerZero Labs Canada Inc and 8 others
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Midl secures $2.4M seed investment from Draper Associates and Draper Dragon for Bitcoin dApp infrastructure.Cryptocurrency•Jul 30, 2025•Draper Dragon, Draper, Midl Labs
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Sats Terminal Secures $1.7M in Pre-Seed FundingPANews•Apr 07, 2025•Flysanantonio, Coinbase, Draper, Draper Dragon and 8 others
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Auto Legends Secures $1 Million Investment from Coinbase Ventures, Launches NFT MintVentureBeat•Mar 06, 2025•Auto Legends, Coinbase-ventures.com, Catalyst Operating Group, Draper Dragon and 9 others
