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VC FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 17 SOURCES

Draper B1

Also known as DraperB1, BBooster Ventures, Business Booster, SGEIC, S.A.

Valencia seed VC (formerly BBooster Ventures), member of the Draper Venture Network; funds managed by its own Business Booster SGEIC. First tickets €200K in Spanish tech startups.

HEADQUARTERS
Valencia, Spain
FOUNDED
—
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
6 people

Focus

STAGES
SeedSeries A
SECTORS
Software & SaaSArtificial IntelligenceFintechDeep TechSpace
ASSET MIX
Venture capitalDirect investments
GEOGRAPHY
Spain

Overview

Draper B1 is a seed and early-stage venture capital firm based in Valencia, formerly BBooster Ventures, and describes itself as the Southern European arm of the Draper Venture Network founded by Tim Draper. Its funds are managed by Business Booster, SGEIC, S.A., registered with the CNMV. Draper B1 Fund III (2020, €30M target) was backed by Tim Draper, the Valencian Institute of Finance and Fond-ICO Global; the Draper B1 Frontier Tech fund exceeded €20M by December 2025 and invests in frontier technologies such as space tech, AI, deep tech, cybersecurity and healthtech. The firm states it has backed more than 200 founders over ten years, with exits including Signaturit, Skitude and MrJeff.

Investment thesis

Usually the first VC in: backs founders of B2B and B2C tech businesses (software, marketplaces, on-demand services, AI and blockchain) with some commercial traction; first ticket €200K with a €1–2M reserve for follow-ons; newer fund focused on frontier technologies.

PORTFOLIO (12)

  • SignaturitNOTABLE
    Software & SaaS · Exited
  • CriptanNOTABLE
    Crypto & Web3
  • Arkadia SpaceNOTABLE
    Space
  • Fourvenues
    Software & SaaS
  • Streamloots
    Media & Entertainment
  • Skitude
    Consumer & E-commerce · Exited
  • MrJeff
    Consumer & E-commerce · Exited
  • Vidext
    Artificial Intelligence
  • Dost
    Fintech
  • Imperia SCM
    Software & SaaS
  • Stowlog
    Software & SaaS
  • Dimenso
    Artificial Intelligence · since 2026

People

  • Enrique Penichet
    Founding Partner · source
  • Raquel Bernal
    Managing Partner, Investment Director · source
  • Luz Adell
    Managing Partner, CFO · source
  • Jon Etxeberria
    Principal · source
  • Luis Treviño
    Associate · source
  • Tim Draper
    Venture Partner · source

Links

Frequently asked questions

Draper B1 is a VC fund based in Valencia, Spain.

Yes. Draper B1 invests its own capital in private companies.

Draper B1 invests at Seed and Series A stages in Software & SaaS, Artificial Intelligence, Fintech, Deep Tech and Space.

Draper B1's stated ticket size is From €200K.

Key people at Draper B1 include Enrique Penichet (Founding Partner), Raquel Bernal (Managing Partner, Investment Director), Luz Adell (Managing Partner, CFO) and Jon Etxeberria (Principal).

Draper B1's investments include Signaturit, Criptan, Arkadia Space, Fourvenues, Streamloots, Skitude, MrJeff and Vidext, among others.

The most recent publicly reported investment by Draper B1 is Dimenso (€600K round (led, with Next Tier Ventures)), announced in Sep 2026.

Draper B1 states that it accepts submissions through its official contact page.

Yes. Draper B1 manages capital from outside investors.