Tim Draper’s VC Firm Raises $25M for Blockchain Venture Fund

By Abhimanyu Krishnan | News | 14 Oct 2020


Tim Draper’s VC firm Draper Goren Holm has raised $25 million for its first venture capital fund, CoinDesk first reported on October 13.

  • Draper Goren Holm’s first venture capital fund will be used to support its startup accelerator and back blockchain companies at higher investment valuations
  • The venture funds will invest between $250,000 to $500,000 in seed, Series A and select later investment rounds; pre-seed funding rounds will be allocated between $10,000 and $50,000 for a 4% to 10% ownership stake
  • Most recently, Draper Goren Holm invested in Israeli exchange Simetria
  • Draper is a prominent investor in Bitcoin and cryptocurrency, having invested in several projects, including real estate project Propy

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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