Draper Triangle

Draper Triangle Ventures
Private
Industry Venture capital
Founded 1999
Headquarters Pittsburgh, Pennsylvania, United States
Website http://drapertriangle.com

Draper Triangle Ventures is a Pittsburgh based venture capital firm focused on early-stage investments in transformative technologies.[1]

History

The firm has made investments in several notable companies including toa technologies (acquired by Oracle),[2] BodyMedia[3](acquired by Jawbone (company)),[4] CardioInsight (acquired by Medtronic),[5] BitArmor (acquired by Trustwave),[6] Renal Solutions (Acquired by Fresenius (company)),[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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