Silicon Valley billionaire Tim Draper is looking to back Australian startups with the high-profile investor welcoming Right Click Capital as the first Australian firm to join his illustrious network.
Right Click Capital has officially joined the Draper Venture Network, a “one-of-a-kind” alliance of investor firms from around the world, encompassing 450 investments and collective assets of $2.1 billion (£1.61 billion).
The partnership will be two-sided, with Right Click Capital investors given co-investment opportunities while the firm’s portfolio companies being presented with international funding options.
Through the Draper Venture Network the various VC firms “share strategies, source opportunities and create greater value”, with the organisation having a reach to 60+ cities across the world.
Right Click Capital partner Benjamin Chong says Draper’s move proves the recent growth and development of the Australian startup ecosystem.