Tuesday, October 6, 2020

Draper Goren Holm Raises $25M Blockchain Fund

Los Angeles-based Draper Goren Holm, a new venture capital fund founded by Tim Draper, Alon Goren, and Josef Holm, announced on Tuesday that it has raised $25M in its very first fund. According to the firm, its Fund 1 will make seed and Series A investments in the fintech and blockchain startup world. The fund was announced at the LA Blockchain Summit, which is virtual this year. The startup investment fund said that it will invest internationally, and will have both a presence in Los Angeles as well as Europe, with an office in Vienna, Austria. The firm said it received investments from both friends and family, Tim Draper, as well as the BlockChain Founders Fund and the Keiretsu Capital Blockchain Fund of Funds. In addition to making investments, Draper Goren Holm has been involved in running the LA Blockchain Conference, and also has a blockchain-focused venture studio accelerating and incubating early stage startups.

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