Draper Associates raises $230m

The early-stage firm's sixth fund to focus on tech start-ups with ESG principles.

San Mateo, California-based Draper Associates said it has raised $230 million for its sixth fund. The fund, launched in February 2020, will back tech start-ups with inherent ESG principles and the potential to transform industries for a better future, the firm said.

the early-stage firm, founded by Tim Draper, focuses on Bitcoin and other cryptocurrencies, blockchains, NFTs, artificial intelligence, computational biochemistry and other areas.

Source: Firm press release