Draper Startup House Ventures launches first global fund 

Tim Draper (left) and Vikram Bharati. Photo: Draper Startup House Ventures

Tim Draper’s Draper Startup House Ventures is launching a micro fund targeting early-stage startups globally, according to a statement.

Tim Draper, a US venture capitalist best known for his early bets in Baidu, Tesla, SpaceX, AngelList, Twitter, Coinbase and Robinhood, is the lead investor of the fund. The size of the vehicle was not disclosed. 

Anchored in the US, the fund will have dual headquarters in San Mateo, California and Singapore. The firm said the Asia Pacific (APAC) region will have “predominance” in the fund as Draper Startup House International is headquartered in Singapore.

The fund has made its first investment in Ferne Health, a startup addressing sexual health. Vikram Bharati, founder of Draper Startup House International, and Giulianna Crivello, who previously served as Draper Startup House’s venture head, will oversee the new fund as general partners.

“Since inception in 2020, Draper Startup House Ventures has made 215 investor introductions to startups. With the launch of this fund, Draper Startup House itself expands beyond our 16 physical locations of entrepreneurial hospitality and tourism, to better connect, inspire, and empower a global community through direct venture capital backing,” said Bharati.

“Thanks to the internet and things like Bitcoin, entrepreneurs can build startups and create stored value from anywhere. Whether they are in Myanmar, Estonia, or Indonesia, Draper Startup House Ventures brings them the opportunity to get funding without having to find their way to Silicon Valley,” added Draper in the statement.

Draper Startup House was founded in Singapore in 2018 as Tribe Theory. Today, it is a global business ecosystem comprising over 1,000 members across 60 countries to tap into various resources in community, education, technology and investment.

Tim Draper has several eponymous funds globally, including Draper Fisher Jurvetson (DFJ), Draper University, and Draper Associates, in addition to Draper Startup House Ventures. Draper’s network companies currently manage over $2 billion across 24 global funds. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.