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The Venture Codex

Draft Ventures

San Francisco, CA, United States

Overview

Draft Ventures is a technology-based investment fund that specializes in early-stage investments primarily in San Francisco, New York, Austin, and Los Angeles. It also provides operational advice and support to its portfolio companies. Draft Ventures was founded by David Rodriguez and Artia Moghbel in 2015. It is headquartered in San Francisco, California.

Total investments
8
Lead investments
1
Investments · 12mo
0
Active investors
2

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Function Health

    Participated · Series A · Jun 2024

    Function aims to enable everyone to live 100 healthy years by combining gold-standard lab testing, MRI/CT imaging, and a continuous-learning Medical Intelligence Lab. Since an early beta launch in 2023, Function has packaged access to 160+ lab tests — including biannual testing — with pricing that starts at $365 per year. The company also offers MRI and CT scans across 200+ locations for an additional cost below $1,000. Its Medical Intelligence Lab clinical research team is developing systems to predict future health outcomes and generate personalized recommendations. In Q2 the company expanded through acquisitions of Getlabs' nationwide at-home and office blood draw network and SuppCo's supplement platform. Function recently closed $450 million in growth financing from General Catalyst's Customer Value Fund to accelerate its expansion.

  • Composer

    Participated · Equity · Sep 2022

    Composer Technologies provides an automated investing platform that allows users to build, backtest, and invest in strategies via a no-code editor. An in-house investment team sources ideas from academic research and the work of investment funds to provide templates that can be used off-the-shelf or modified. Each strategy goes through a rigorous screening process and aims to capture upside while protecting downside. The platform targets investors who want automated, market-reactive strategies with no-code customization. Composer is led by CEO Benjamin Rollert and is Canadian with a US focus. Financially, the company raised an additional $6M in this round, bringing total capital raised to over $11M. Composer offers a no-code visual editor and ready-made strategies that let individual, non-professional investors create, backtest against historical data, and automatically execute sophisticated, hedge fund–style trading approaches. The platform launched a closed beta in March 2021 and moved to an open beta rollout in November 2021, with live trading initially focused on the United States and plans to expand to other geographies over time. Composer is targeting “edge-seeking” retail investors who spend time on newsletters and Reddit forums, and plans later to broaden to more systematic self-directed retail users. The company emphasizes user experience and design as a key differentiator versus incumbent trading platforms. Composer disclosed C$6.73 million in previously unannounced seed financing (totaling amounts from an earlier pre-seed and seed) to fuel the platform launch. Longer-term monetization plans mentioned by the CEO include building a two-sided marketplace for creators to sell strategies, freemium features, and potential SaaS offerings.

  • Solid World

    Led · Equity · May 2022

    Solid World DAO builds blockchain- and Web3-based infrastructure to tokenize pre-purchase agreements for future carbon credits, aiming to de-risk projects and make forward carbon markets liquid and collateralisable. The protocol enables high-quality carbon projects to access financing before certification by pre-selling a portion of their future credits. The company is community-held and led by founder and chairman Stenver Jerkku. Solid World says it will use its tokenized infrastructure to realign economic incentives across the carbon markets and address transparency and predatory practices. Following the recent funding, the startup plans to build liquidity pools by pre-purchasing carbon credits and to launch a team and community rewards programme. The company presents its solution as a means to bring capital efficiency to institutions and create a liquid forward market for carbon credits.

  • Ghost Financial

    Participated · Seed · Apr 2022

    Ghost Financial’s core offering is a 1% cash-back credit card for food and beverage inventory plus data-driven underwriting to provide expansion loans and card credit limits for ghost kitchens. The company is building API integrations with point-of-sale systems like Toast and delivery apps like DoorDash to pull metrics (hourly/daily sales, prep times, ratings/reviews) to assess operational health and make instant loan decisions. Ghost Financial collects roughly 2% in card interchange fees, returning about half to operators as cash back. Founder John Meyer launched the business after operating a ghost kitchen and seeing financing gaps in the industry. The $2.5 million pre-seed is being used to build engineering and marketing teams and to develop the first two products. The company expects to launch the tools later this year and reports about $27 million in committed minimum spending, which it says is likely to triple or quadruple as the card rolls out. Future product plans include restaurant insurance (product three) and an optimized payroll system (product four) to become a one-stop finance and business platform for ghost kitchens and restaurants.

  • InfinitySwap

    Participated · Seed · Dec 2021

    InfinitySwap is developing a next‑gen AMM on the Internet Computer (Dfinity) intended to create, stake, and swap tokens and to bring native Bitcoin staking to users. The protocol leverages Dfinity’s Chain‑Key technology to enable smart contracts to take control of BTC keys so users can stake BTC directly from their wallets. The team intends to be among the first AMMs launched on the Internet Computer and highlights technological differentiation from EVM chains. Founders Max Chamberlin (CEO) and Alessandro Rietmann (CTO) have backgrounds from Oxford and Cambridge and about four years of blockchain development experience. The project is backed by top venture firms and has a team of around 20 people building the product. It positions itself as a decentralizing alternative to solutions that require third‑party custody, such as RenVM.

Team