Tim Draper’s Draper Goren Holm has raised $25 million for its first <a href="https://www.cryptoknowmics.com/news/tim-draper-bitcoin-friendly-governments-will-reap-big/">crypto-centric venture capital firm</a> for investing in blockchain startups and crypto-related products and services.
<h2><strong>Crypto Venture Capital Firm: A One of a Kind </strong></h2>
CoinDesk <a href="https://www.coindesk.com/tim-drapers-draper-goren-holm-raises-25m-for-blockchain-venture-fund">reported</a> that the venture capital firm will initially invest in Series A rounds with later on funding between $250,000 to $500,000. For its pre-seed rounds, a backing of $10,000 to $50,000 with a 4-10% stake against the company’s investment will be staked.

The firm has previously invested in blockchain startups such as CasperLabs, a blockchain startup that mimics Ethereum’s blockchain model; Vertalo, a Tezos blockchain security token issuer; and Tezos Stablecoin Technologies, a Tezos Foundation offshoot developing stablecoins and digital currencies that are pegged to fiat currencies.

Goren says long-term investment in startups is of paramount importance as return-on investments can only come as startups start flourishing. A majority of the value is captured in winning companies as they grow.

Besides its usual investments, the VC firm has also developed a plugin that allows crypto trading on WordPress-based sites.
<h2><strong>Tim Draper Bets Big For Cryptos</strong></h2>
Tim Draper joined the venture capital firm in 2019 after its foundation by venture capitalist Alon Goren and Josef Holm in 2018. Draper has been advocating Bitcoin as an investment for a long time now. Also, have a history of backing crypto and blockchain startups. He once created quite a buzz in the crypto community when he brought $19 million government-seized Bitcoins from the U.S. Marshal Services while investing it on Coinbase crypto exchange.

Tim Draper’s prominent venture capital firms include Draper Fisher Jurvetson, Draper Venture Network, Draper Associates, and Draper University. Moreover, a track record of investing it on successful tech giants such as Tesla, SpaceX, SolarCity, Hotmail, Skype, Twitter, Twitch, Baidu, and Ancestry.com.

Draper Goren Holm Raised $25M For First Crypto VC Fund

Draper Goren Holm has raised $25 million for its first crypto-centric venture capital firm for investing on blockchain startups and crypto-related products.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Draper Goren Holm Raised $25M For First Crypto VC Fund

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