Draper Triangle

About The Fund

Draper Triangle is a venture capital firm that positions itself as the leading early-stage investor in the Midwest, targeting exceptional regional entrepreneurs poised to influence the global marketplace. With a focus on software, business solutions, FinTech, IoT, cloud services, developer tools, impact, medical devices, robotics, and other disruptive technologies, the firm's investment spectrum ranges broadly. They prefer B2B SaaS, robotics, AI and ML, medical devices, and blockchain technologies but avoid companies based in CA, NYC, Boston, and Austin. Draper Triangle operates with an emphasis on Seed and Series A stages, maintaining an investment sweet spot around $2,000,000, with a minimum of $500,000 and a maximum of $3,000,000. They operate with assets under management worth approximately $80,000,000. The firm, founded in 1999, and also known as Magarac Venture Partners, leverages over 60 years of collective experience from its team to source and execute top-tier investment opportunities, aiming to become the go-to source for founders raising capital in the Midwest. Influenced by the region's historical entrepreneurial spirit once led by magnates like Carnegie and Rockefeller, Draper Triangle draws upon the Midwest's legacy as 'The Birthplace of Innovation' while fostering the growth of contemporary sectors such as software, big data analytics, and connected devices. Among their investments, the firm lists companies like BodyMedia and RE2 in the robotics field, and they provide early-stage capital to foster significant growth in transformative businesses.