Draper Triangle Ventures

About The Fund

Draper Triangle Ventures is a venture capital firm based in Pittsburgh, Pennsylvania, and has additional offices in Ohio and Michigan. Founded in 1997, the firm focuses on providing early-stage venture capital to extraordinary entrepreneurs in the Midwest who are poised to change the world. Their investment range typically falls between $2,250,000 to $18,000,000. Draper Triangle Ventures primarily invests in a diversified portfolio of sectors, including software and SaaS, web marketplaces, education, FinTech and financial services, retail and e-commerce, CleanTech, AI and big data, HealthTech and fitness, food and beverage, investment management, and life science. They have a strong commitment to fostering innovation in areas traditionally known for heavy industries, such as coal and steel, and are now looking towards the future by supporting startups innovating in software, robotics, big data analytics, and connected devices. Draper Triangle Ventures prides itself on over 20 years of investment experience and has raised and fully deployed $205 million across three funds. The firm is part of the Draper Venture Network, a collective of venture funds that collaborate on investment opportunities and strategies. As they move forward, under the new name Magarac Venture Partners, they aim to use their team's collective 60+ years of experience to continue to be the leading early-stage venture firm in the Midwest and the first stop for founders raising capital in the region.