Draper Triangle

Last updated
Draper Triangle Ventures
TypePrivate
Industry Venture capital
Founded1999
Headquarters Pittsburgh, Pennsylvania, United States
Website http://drapertriangle.com

Draper Triangle Ventures is a Pittsburgh based venture capital firm. [1]

Contents

History

Draper Triangle is organized as a Limited Liability Company, created November 11, 1999 in Delaware and is registered as a foreign corporation with the Pennsylvania Department of State. [2] Draper Triangle proports to be an early stage venture capital firm, focusing in the Midwest.

The firm further notes that it has previously invested in companies including toa technologies (acquired by Oracle), [3] BodyMedia [4] (acquired by Jawbone), [5] CardioInsight (acquired by Medtronic), [6] BitArmor (acquired by Trustwave), [7] Renal Solutions (Acquired by Fresenius), [8] and Carnegie Learning (acquired by Apollo Group). [9]

Investment focus

Draper Triangle Ventures focuses on the following areas of investment: software as a service (SaaS), platform as a service (PaaS), big data, artificial intelligence, robotics, IoT, augmented reality, healthcare IT.

Firm

Partners at the firm include Michael Stubler and Jay Katarincic.[ citation needed ]

Draper Triangle invests in companies based primarily in Pittsburgh [10] , Pennsylvania, Ohio, [11] and Michigan. [12]

Draper Venture Network

Draper Triangle is a member of the Draper Venture Network. The network provides access to the collective intelligence of 100+ investors and more than $3B invested in over 500 ventures around the world. Member funds include Draper Associates, Dalus Capital, Draper Athena, Draper Nexus, Wavemaker Partners, Draper Esprit, 3TS Capital Partners, and Wamda Capital. [13]

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References

  1. Ventures, Draper Triangle. "Draper Triangle Ventures Launches Fund III". www.prnewswire.com (Press release). Retrieved 2016-03-15.
  2. "Secretary of State". www.corporations.pa.gov. Retrieved 2022-08-08.
  3. Tascarella, Patty. "Oracle Buying Pgh VCs Portfolio Company" . Retrieved 2014-07-31.
  4. "BodyMedia Closes First Round Funding".
  5. "Jawbone to Acquire BodyMedia" (Press release). Retrieved 2013-04-30.
  6. "Medtronic Announces Acquisition of CardioInsight Technologies".
  7. Tascarella, Patty. "Chicago tech firm Trustwave acquires BitArmor" . Retrieved 2010-01-12.
  8. Lyons, Kim. "German firm pays $200 million for Renal Solutions" . Retrieved 2014-07-31.
  9. "Apollo Group to Acquire Carnegie Learning" (Press release). Apollo Group. 2011-08-02.
  10. "Entrepreneurs to Benefit from New Source of Venture Capital; Draper Triangle Ventures Announces $40 Million First Round Closing" (Press release).
  11. "VC firm Draper Triangle Ventures hires TechColumbus' Will Indest to lead Columbus office - Columbus Business First". Columbus Business First. Retrieved 2016-03-15.
  12. "VC Draper Triangle invests here". Crain's Detroit Business. 25 January 2014. Retrieved 2016-03-15.
  13. Loizos, Connie (19 November 2015). "Under Tim Draper, Draper Network Extends Reach, Eyes New Funding Model". TechCrunch. Retrieved 2016-03-15.