Draper B1 originated as Spain's first startup accelerator before evolving into a VC fund, giving them hands-on experience with very early teams, and now serves as the Southern European arm of Tim Draper's global Draper Venture Network with structured access to 25+ independent VC firms and 1000+ portfolio companies. The fund has demonstrated exceptional returns with exits like ~40x in Jeff and 9x in Traventia, achieving nearly 100% profitability on Fund III in under five years while focusing on frontier tech categories like space tech, AI, and cybersecurity from their Valencia base.
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