VC firm
Draper Associates
Also known as Draper Associates Rhino SPV, Draper Associates Rhino SPV II, LLC, Draper Associates Rhino SPV III, LLC
- Investor type
- VC
- Investing status
- Activeas of 2026-09-28Source (opens in a new tab)
- Headquarters
- San Mateo, CA, United States
- Assets under management
- $1.3BForm ADV private fund GAV, as of 2026-03-31Source (opens in a new tab)
- Funds
- 9
- Legal name
- Draper Associates, L.P.
- draper.vc (opens in a new tab)
- LinkedIn (opens in a new tab)
- X (opens in a new tab)
- Team page (opens in a new tab)
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Record updated 29 September 2026
About
Draper Associates is a venture capital firm that has backed transformative companies for over 40 years, including Tesla, Skype, Baidu, SpaceX, Coinbase and Robinhood. The firm is industry-agnostic and stage-agnostic, investing from pre-seed to Series A across AI, robotics & automation, crypto & blockchain, healthcare & biotech, aerospace & space, and unconventional ideas. It is based in Silicon Valley (San Mateo, CA) and invests globally, with about $2B in AUM and 60+ unicorns backed.
Investment approach
- Thesis
- At Draper Associates, we don’t just invest in companies—we invest in the future. We back bold, visionary founders building transformational businesses long before the rest of the world believes in them.Source (opens in a new tab)
- Investing status notes
- "NEWSROOM: ANNOUNCING FUND 8: FUNDING THE FUTURE FIRST" (home page)
Funds
- Draper Associates Rhino SPV III, LLC
- Vintage 2022Main fund
- Draper Associates Rhino SPV II, LLC
- $2MVintage 2021, SPV, SEC amount sold
- DRAPER ASSOCIATES VIII, L.P.
- Main fund
- DRAPER ASSOCIATES RHINO LEDGER, LLC
- Main fund
- DRAPER ASSOCIATES VI, L.P.
- Main fund
- DRAPER RADIANT SPV, L.P.
- SPV
- DRAPER ASSOCIATES PARTNERS V, LLC
- Main fund
- DRAPER ASSOCIATES V, L.P.
- Main fund
- DRAPER ASSOCIATES VII, LP
- Main fund
SEC registration
- Registered adviser
- DRAPER MANAGEMENT COMPANY, LLC
- CRD number
- 289448 (opens in a new tab)
- SEC file number
- 802-111745
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $1.3Bas of 2026-03-31
- Private funds reported
- 9
- Principal office
- SAN MATEO, CA, United States
- SEC CIK
- 1907292, 1936142
Locations
- Headquarters
- San Mateo, CA, United States
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