Enrique Penichet is an entrepreneur-turned-investor at Draper B1 who was recognized as Investor of the Year 2023 in Spain and has achieved high-multiple exits like Draper B1's 9x return on Traventia. He focuses on building Valencia as a global tech hub while providing founders with detailed, metric-driven guidance on investor expectations and advocating for opportunities in B2B SaaS and LegalTech.
What they've been talking about across their social media accounts

- Championing the local Valencia and Spanish startup ecosystems as top tier destinations for accessible talent. An example of this pride is frequently highlighting major local wins, like Flywire reaching a massive valuation despite being structured abroad, or celebrating the large acquisition of Depop by Etsy, proving that global tech leaders can originate from the region.
- Looking for extreme resilience and a sense of personal calling in founders rather than just a desire to work a regular job. This is highlighted by referencing a lesson from a former university professor about how optimism is an absolute duty for creators, while warning that easily offended or perpetually unsatisfied people simply do not build anything meaningful.
- Pushing for rapid execution and direct customer feedback instead of spending time on theoretical business planning. A great specific piece of advice shared is that founders need to build a minimal version of their product and show it to clients immediately, noting that if launching the product does not feel slightly embarrassing, it means the launch was delayed for far too long.
- Evaluating true success through tangible financial returns for both founders and backers rather than media hype. A specific observation shared is that ultimate victory is determined by distributed capital, pointing out that there are plenty of quiet founders who win big financially, while others make a lot of noise in the ecosystem but actually lose money when you dig deeper.
About their Fund
Sectors
SaaS, Fintech, Marketplaces, AI, Web3 / Crypto
Rounds
Seed
Avg Check Size
€1-2M
Notable Investments
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.
Notable Fund
Investments
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Sheets they're in
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Sheets they're Fund is in
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