Draper B1 is a Valencia-based venture firm, formerly Bbooster Ventures, and part of the Draper Venture Network. In 2024 it launched a EUR 30M fund for pre-seed and seed rounds in frontier tech – aerospace technology, cybersecurity, artificial intelligence, blockchain and Web3 – expecting to back 40-50 companies. Press at the time reported roughly EUR 50M under management across three earlier funds and more than ten exits including Jeff, Signaturit and Traventia. Its previous Fund III made initial seed cheques of EUR 150k-250k with follow-on capacity. Portfolio names include Criptan, Arkadia Space, Splight and Alef Aeronautics.
Investment thesis
Draper B1 is a seed and early-stage venture capital firm investing from Valencia, sourcing companies locally in Spain and southern Europe and helping them scale internationally. It manages its portfolio actively and takes a hands-on role with founders. The firm belongs to the Draper Venture Network, which it uses for corporate introductions and follow-on investor access, and has taken part in more than 100 funding rounds.