Bitcoin bull Tim Draper raises $200 million for new venture fund

One of the world’s foremost Bitcoin boosters has drummed up another stash of capital. Tim Draper’s investment firm, Draper Associates, has raised $200 million for its eighth fund, according to a Tuesday filing with the Securities and Exchange Commission. The company’s website, meanwhile, hints at the fund’s launch.

“In 2025, Draper Associates celebrated 40-years of pioneering venture capital and spreading entrepreneurship around the world,” read a page about the firm’s history. “With the launch of Draper Associates Fund 8...