We invest in talented foundersshaping the future of blockchain.

Draper Dragon is an early-stage venture fund partnering with founders building the next generation of Web3, blockchain, and emerging technology. Founded in 2006 by Tim Draper, Larry Li, Andy Tang, and Bobby Chao, the firm connects Silicon Valley and Asia through offices in Silicon Valley, Shanghai, and South Korea.

//About Us

As a core member of the extended Draper network, Draper Dragon draws on two decades of venture capital experience and the resources of one of the world's most established global investor networks. The firm has invested in more than 130 companies, with a portfolio that includes leading names in digital assets and infrastructure: Coinbase, Ledger, Gemini, Ether.fi, Coinflow, CoinDCX, Centrifuge, Carv, IoTeX, and OpenTrade, among others. The firm's broader track record includes unicorns and public companies across healthcare, fintech, and consumer tech, including Microport Medical (HKSE: 0853.HK), Otter, Splashtop, and Jing Jin Electric (SHA: 688280). In April 2026, Draper Dragon launched the $80M Orion Fund in partnership with the Cardano Ecosystem, an equity-first ecosystem fund targeting Real World Asset tokenization, institutional DeFi, and Bitcoin-Cardano infrastructure. Draper Dragon remains committed to backing technical, ambitious founders building companies that redefine global industries.

//Notable Investments

Our portfolio companies are built by founders with deep technical expertise

View Portfolio

Exchange

Coinbase

Exchange

Coinbase

The world's leading cryptocurrency exchange, Coinbase offers a trusted platform for buying, selling, and storing digital assets. Serving a diverse customer base from individual consumers to institutional asset managers and developers, Coinbase provides trading platforms, self-custody wallets, and blockchain-powered tools that make crypto accessible to everyone.

Visit Website

Payments

Coinflow

Payments

Coinflow

A next-generation payment service provider revolutionizing global financial infrastructure with stablecoins, AI-driven fraud prevention, and instant settlement. Coinflow offers a one-stop-shop payments solution for marketplaces, fintechs, remittance providers, gaming platforms, and ecommerce merchants worldwide — enabling faster, cheaper, and more secure money movement at a global scale.

Visit Website

DeFi

Ether.fi

DeFi

Ether.fi

A decentralized finance protocol built on Ethereum that enables users to stake their ETH while maintaining full control of their assets, then use the resulting liquid tokens for spending, earning, and borrowing in a unified financial ecosystem. With over 400 integrations across DeFi and centralized exchanges, ether.fi is redefining what it means to put your crypto to work — without ever giving up custody.

Visit Website

Exchange

Gemini

Exchange

Gemini

A next-generation cryptocurrency exchange and custodian founded by Cameron and Tyler Winklevoss, Gemini allows customers to buy, sell, stake, and store digital assets with institutional-grade security. Now publicly traded on Nasdaq, Gemini holds a Limited Purpose Trust Charter from the New York Department of Financial Services and is available in over 60 countries worldwide.

Visit Website

RWA

Mogul Club

RWA

Mogul Club

Founded by former Goldman Sachs real estate professionals, Mogul Club is a blockchain-based platform that democratizes access to premium real estate through fractional ownership and community-powered investment groups. Built on the Avalanche network, Mogul Club allows investors to participate in residential properties on-chain — with titles, transactions, and investment records secured transparently on the blockchain — starting with as little as $250.

Visit Website

Hardware Wallet

Ledger

Hardware Wallet

Ledger

The global leader in crypto hardware wallets, Ledger develops certified secure solutions for individuals and enterprises to store and manage digital assets. Ledger estimates it secures around 20% of the world's crypto assets, with its industry-leading Secure Element chip keeping private keys fully offline — even when connected to the internet.

Visit Website

View Portfolio