About Draper Triangle
Draper Triangle is a venture capital firm founded in 1999. It is primarily based out of Pittsburgh, United States. As of Jun 2022, Draper Triangle has invested in 45 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Series B round of Stimdia Medical Overall, Draper Triangle portfolio has seen 1 unicorn and 19 acquisitions including key companies like Aethon, Ivalua and Helomics. A lot of funds co-invest with Draper Triangle, with names like Birchmere Ventures sharing a substantial percentage of its portfolio. Draper Triangle has team of 7 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 5 more
Portfolio Unicorns
Draper Triangle's List of Top Investments
Draper Triangle has a portfolio of 45 companies, one of which is a Unicorn. Their most notable investments are in Amplifinity and Bjönd.Their portfolio spans across United States and Germany. They have invested in Enterprise Applications, High Tech, Life Sciences and 19 other sectors, across stages such as Series A, Series B and 5 more. Here is the list of top investments by Draper Triangle:1. Aethon
Aethon offers automated hospital delivery and asset management solutions. TUG, Aethon’s Automated Robotic Delivery System (ARD), can transport both scheduled and on-demand hospital deliveries between all ancillary, support and patient care units. It navigates using it's own built in map and sensors and doesn't require a staging area or special infrastructure. Used in over 140 hospitals and reportedly makes over 50k deliveries per week. Aethon's MedEx software helps pharmacies track medication deliveries in real time using RFID.
Key facts about Aethon
- Founded Year: 1997
- Location: Pittsburgh (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $55.3M
- Employee Count: 106 as on Mar 31, 2026
- Investors: NMT Capital, Ascension Ventures and 12 Others
- Latest Funding Round: Series C, Dec 20, 2013, $*****
- Highlight: Acquired
2. Ivalua
Developer of software for procurement spend and supplier management processes. This platform facilitates source-to-pay operations including sourcing, contract management, and invoice automation. It integrates data and workflows to support direct materials procurement, supplier risk management, and spend analysis. The system provides tools for managing indirect goods, services, and complex categories through a unified interface.
Key facts about Ivalua
- Founded Year: 2000
- Location: Redwood City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $134M
- Employee Count: 1,176 as on Sep 30, 2026
- Investors: Hamilton Lane, Pictet Group and 8 Others
- Latest Funding Round: Series B, May 21, 2019, $*****
- Highlight: Editors' Pick
3. Assurecare
Digital population health management tool for healthcare professionals. It offers a SaaS-based platform that enables payors, providers, and pharmacists to connect with patients and management of their health. It also provides a solution for patient engagement, utilization management, medication management, and others.
Key facts about Assurecare
- Founded Year: 1997
- Location: Cincinnati (United States)
- Stage: Early Stage
- Total Funding till date: $2.24M
- Employee Count: 474 as on Jan 31, 2026
- Investors: Blue Chip Venture, Draper Triangle and 1 Other
- Latest Funding Round: Conventional Debt, Jan 29, 2014, $*****
- Highlight: Editors' Pick
4. Helomics
AI-driven platform to develop precisely targeted therapies for cancer patients. The company has a proprietary technology platform and data pipeline that provides next-generation, AI- and data-driven services to Pharma and Diagnostic companies to accelerate the development of new precision therapies.
Key facts about Helomics
- Founded Year: 1995
- Location: Pittsburgh (United States)
- Stage: Acquired
- Total Funding till date: $196M
- Employee Count: 61 as on Sep 30, 2026
- Investors: Longitude Capital, The Hillman Company and 9 Others
- Latest Funding Round: Series E, Apr 23, 2018, $*****
- Highlight: Acquired
5. Autobooks
Integrated banking platform offering invoicing, payments, accounting for small businesses. It partners with financial institutions to provide small businesses with tools for invoicing, payment acceptance, accounting, and financial management directly within their existing online and mobile banking platforms. The platform enables businesses to send professional invoices, accept online and in-person payments via various methods like cards, links, and QR codes, and manage their finances with bookkeeping and reporting features. It aims to streamline financial operations, improve cash flow, and reduce reliance on third-party apps by integrating these services directly into the banking experience. This SaaS solution offers a seamless, secure, and credible way for small businesses to handle their finances, get paid faster, and grow their business.
Key facts about Autobooks
- Founded Year: 2015
- Location: Detroit (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $130M
- Employee Count: 95 as on Aug 31, 2026
- Investors: Runway Growth Capital, Detroit Venture Partners and 10 Others
- Latest Funding Round: Series C, May 05, 2025, $*****
- Highlight: Editors' Pick
Draper Triangle's Year-on-Year Investment Trends
Draper Triangle has invested in 45 companies over the last 25 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Stimdia Medical and most recent follow-on round was in Autobooks.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 1 | 2 |
2021 | 1 | 2 | 3 |
2020 | 0 | 1 | 1 |
2019 | 2 | 1 | 3 |
2018 | 0 | 1 | 1 |
2017 | 3 | 0 | 3 |
Draper Triangle's Investments by Stage
Draper Triangle is primarily an Early Stage Investor investor majorly investing in Series A (19) rounds where average round size is $114M, Series B (7) rounds where average round size is $72.7M and Seed (2) rounds where average round size is $3.16M.Stage of entry | No. of Investments |
|---|---|
Series A | 19 |
Series B | 7 |
Seed | 2 |
Series C | 2 |
Conventional Debt | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Draper Triangle's Investments by Sector
Draper Triangle has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Life Sciences, Vertical SaaS and FinTech. Notably, it has invested in 36 Enterprise (B2B) companies, 33 Tech companies, 25 Software companies and at least 13 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 17 |
HealthTech | 7 |
Life Sciences | 5 |
Vertical SaaS | 5 |
FinTech | 4 |
Others | 27 |
Note: We have considered here, only first round of investments
Draper Triangle's Investments by Geography
Draper Triangle has made most investments in United States (32), followed by Germany where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 32 |
Germany | 1 |
Note: We have considered here, only first round of investments
Draper Triangle's recent investments
Draper Triangle has not made any investment in 2026 so far.Here are the most recent investments by Draper Triangle:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 29, 2022 | United States | Series B | 8563 | ||
Jun 21, 2022 | United States | Series C | 9920 | [+4] | |
Oct 13, 2021 | United States | Series C | 7505 | [+7] | |
Apr 2021 | United States | Series A | 3491 | [+5] | |
Mar 11, 2021 | United States | Series B | 6157 | [+3] |
Unicorns in Draper Triangle's Portfolio
Draper Triangle has 1 unicorn in its portfolio - Ivalua. The most recent unicorn in their portfolio is Ivalua which became a unicorn in 2019, 7 years before Draper Triangle first invested in it.Here is a list of unicorns in Draper Triangle's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Developer of software for procurement spend and supplier management processes | 2000 | Redwood City | Series B | kplkrqb |
Acquired companies in Draper Triangle's Portfolio
19 companies from Draper Triangle's portfolio have been acquired. The most recent acquisition was Helomics.Here are Draper Triangle's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 15, 2026 | Nov 13, 2001 | Series B | 3720 | |
Aug 14, 2024 | Feb 14, 2017 | Series A | 5193 | |
Jan 06, 2024 | Nov 11, 2008 | PE | 1252 | |
Mar 28, 2022 | Aug 18, 2014 | Series A | 4062 | |
Sep 01, 2020 | - | - | 7001 |
Team profile of Draper Triangle
Draper Triangle has a team of 7 members including 5 Partners, 1 Venture Partner and 1 Principal located in United States. Draper Triangle's team does not sit on the board of any company as of now.Here is a list of all team members in Draper Triangle:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Pittsburgh | - | ||
Partner | Pittsburgh | - | ||
Partner | Pittsburgh | - | ||
Partner | Ann Arbor | - | ||
Partner | Pittsburgh | - | ||
Venture Partner | Columbus | - | - | |
Principal | Pittsburgh | - |
Co-investors of Draper Triangle
Over the past 25 years, 132 investors have co-invested in Draper Triangle's portfolio companies. This includes funds and angels.
- Invested before Draper Triangle: Innovation Works, Smithfield Trust and 13 others have invested in rounds before Draper Triangle. There are 3 companies where Innovation Works has invested before Draper Triangle and 1 company where Smithfield Trust has invested before Draper Triangle.
- Top Co-investors of Draper Triangle: 57 investors entered a company along with Draper Triangle. These include investors like Birchmere Ventures (4 companies).
- Invested after Draper Triangle: A total of 60 investors have invested in Draper Triangle's portfolio after their investments. Top Investors include Ascension Ventures (2 companies), DFJ (2 companies) and Trident Capital (1 company).
Recent News related to Draper Triangle
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Stimdia Medical Announces Close of Series B Equity Financing Round with Proceeds to be Used to Complete the Company’s Pivotal StudyBusiness Wire•Jul 14, 2022•Stimdia Medical, Solas BioVentures, Draper Triangle
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Small Business Platform Autobooks Announces $50M Series C Led by Macquarie Capital Principal FinanceUserwalls•Jun 21, 2022•Autobooks, Macquarie, Baird Capital, Commerce Ventures and 3 others
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Aware sees $60m in funding throughGlobal Corporate Venturing•Oct 19, 2021•Aware Biometrics, Goldman Sachs, JobsOhio, Allos Ventures and 9 others
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Embedded Finance Fintech Alviere Raises $70 Million Series A/B FundingCrowdfund Insider•Oct 16, 2021•Alviere, Viola Group, CommerzVentures, Mitsubishi HC Capital and 7 others
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Autobooks Secures $25m In Series B FundingFinSMEs•Mar 11, 2021•Autobooks, MissionOG, Renaissance Venture Capital Fund, Detroit Venture Partners and 2 others
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Detroit's Autobooks Announces $25M Series B To Scale, Accelerate InnovationBenzinga•Mar 11, 2021•Autobooks, MissionOG, Renaissance Venture Capital Fund, Detroit Venture Partners and 2 others
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Aware Raises $12M in Series B FundingFinSMEs•Dec 15, 2020•Aware Biometrics, Spring Mountain Capital, Blue Heron Capital, Allos Ventures and 4 others
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Algo Welcomes Veteran Venture Capitalist, Jonathan Murray, As Chief Financial OfficerAiThority•Sep 03, 2020•algo.ai, Draper Triangle
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Ohio’s Mezu raises $10 million to let you send and receive money privatelyVentureBeat•Jun 13, 2018•Mezu, Draper Triangle, Jumpstart, Draper and 4 others
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Autobooks Raises $10M Series A1 Round, Helps Banks Offer Integrated Receivables to Small BusinessesVCA Online•Feb 07, 2018•Autobooks, Draper Triangle, Baird Capital, Detroit Venture Partners and 2 others
