Draper Dragon Announces Investment in Coffer Network

[Draper Dragon Announces Investment in Coffer Network] Draper Dragon has announced its investment in the programmable smart account infrastructure protocol Coffer Network, which has established a partnership with Kernel under Draper Dragon.
Coffer Network's core revenue source is a 30% management fee on asset earnings from the platform. The company began generating revenue shortly after its establishment in 2024, demonstrating early product-market fit. Its product design caters to retail, institutional, and DAO users.
Draper Dragon originates from the Silicon Valley DFJ Fund and was co-founded in 2005 by globally influential venture capitalists and the first generation of venture capital leaders in China. It is the core fund and governing body of the global early-stage venture capital network alliance 'Draper Venture Network'.