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Benzinga
Benzinga
Business
Murtuza J Merchant

After $3.5B Bitcoin Windfall, Tim Draper Reloads With Fund 8—Here's What's Coming

Tim Draper COIN Bitcoin Crypto
Bitcoin,Coin,On,Keyboard,With,Nice,Background.,Crypto,Money,Concept.

Veteran venture capitalist Tim Draper has launched a new $200 million fund through his firm Draper Associates, according to a recent filing with the U.S. Securities and Exchange Commission.

Dubbed Draper Associates Fund 8, the fund's creation comes during a major upswing for the crypto industry, as the market continues to hit record milestones, Fortune reported on Thursday.

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