Draper Triangle

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

Draper Triangle Ventures
TypePrivate
IndustryVenture capital
Founded1999
HeadquartersPittsburgh, Pennsylvania, United States
Websitehttp://drapertriangle.com

History

The firm has made investments in several notable companies including toa technologies (acquired by Oracle),[2] BodyMedia[3] (acquired by Jawbone),[4] CardioInsight (acquired by Medtronic),[5] BitArmor (acquired by Trustwave),[6] Renal Solutions (Acquired by Fresenius),[7] and Carnegie Learning (acquired by Apollo Group).[8]

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.

Draper Triangle invests in companies based primarily in Pittsburgh[9], Pennsylvania, Ohio,[10] and Michigan.[11]

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.[12]

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