Andrew Tang, previously the head of ABB Technology Ventures for some five years, is an investment director at Draper Associates, which has raised $190m for its latest fund.
Andrew Tang, at one time the managing director of corporate venturing unit ABB Technology Ventures, has partnered with Tim Draper, a co-founder of VC firm Draper Fisher Jurvetson, on a $190m fund, TechCrunch has reported.
The fund will be overseen by Draper Associates, which has previously acted as Draper’s own investment vehicle, but which is now recruiting external limited partners for the new fund, in which Draper himself is still the largest LP.
Draper will remain as managing partner of…
