Draper Dragon announces investment in Coffee Network"
Online reports that Draper Dragon announced its investment in Coffee Network, a programmable smart account infrastructure protocol. Coffee Network has established a partnership with Draper Dragon's Kernel. Coffer Network's core revenue source is a 30% management fee on asset income on the platform. The company began to generate revenue shortly after its establishment in 2024, demonstrating an early fit between products and markets. Its product design takes into account individual investors, institutions and DAO users. Draper Dragon originated from Silicon Valley DFJ Fund and was co-founded in 2005 by the world's most influential venture capitalists and the first generation of domestic venture capital leaders. It is the core fund and governing unit of the global early venture capital network alliance "Draper Venture Network".
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