Draper Triangle

Draper Triangle Ventures is a prominent early-stage venture capital firm based in Pittsburgh, Pennsylvania, with a dedicated focus on partnering with extraordinary entrepreneurs across the Midwest. As an integral part of the global Draper Venture Network, the firm leverages a broad ecosystem of resources, expertise, and co-investment opportunities, providing significant value beyond capital to its portfolio companies. Their strategic location and regional focus underscore a commitment to fostering technological innovation and growth within the often-underserved Midwest startup landscape.

The firm primarily targets Seed and Series A rounds, seeking out high-growth technology companies with disruptive potential. Draper Triangle Ventures typically deploys initial investments ranging from $500,000 to $2 million, reserving additional capital for follow-on rounds to support portfolio companies through subsequent growth stages. This approach allows them to be a foundational partner for startups, providing crucial early-stage funding and strategic guidance.

Draper Triangle has a robust history of fundraising and investment activity. The firm successfully closed its fourth fund, Draper Triangle Ventures Fund IV, at $30 million in 2016, followed by the closing of Draper Triangle Ventures Fund V at $35 million in 2020, demonstrating continued investor confidence in their strategy and team. Their active participation in the startup ecosystem is evident through their extensive portfolio, which includes 73 investments and 19 reported exits, highlighting their role in nurturing successful ventures and generating returns for their limited partners. Their consistent presence and investment in the region solidify their position as a key player in the Midwest's venture capital landscape.