Draft VC

Draft Ventures is a venture fund and venture studio founded in 2015, headquartered in San Francisco, California, investing in, incubating, and advising pre-seed and seed stage companies. It's registered as an Exempt Reporting Adviser under the Investment Advisers Act. The firm operates both a direct investment fund using personal capital and an institutional fund investing LP capital, and typically syndicates its deals through AngelList to give co-investors broader access alongside its rolling fund. Draft focuses on internet technology broadly, with emphasis on climate tech, fintech, and Web3 infrastructure. Its track record includes eight unicorn investments made at the seed stage — Notion, FabFitFun, Protocol Labs, Dfinity, Thrive Market, Side Inc., Wintermute, and Cosmos — alongside BitGo (IPO) and Chain (acquired by Stellar). Its direct fund shows a 4.57x total-value-to-paid-in-capital multiple with a 70.43% IRR.