How many investments has Draper Triangle made?

Draper Triangle has 25 tracked investments, 2 of which have exited, including 1 dated in the last 24 months.

What stage does Draper Triangle invest at?

Draper Triangle invests at the Seed, Series A stages.

What is Draper Triangle's typical check size?

Draper Triangle typically writes checks of $250K – $2M.

Where is Draper Triangle located?

Draper Triangle is headquartered in Pittsburgh, US.

Does Draper Triangle lead rounds?

Yes, Draper Triangle leads investment rounds.

Who does Draper Triangle co-invest with?

Draper Triangle most often shares deals with Jumpstart Ventures, Early Stage Partners, LP, Ohio Innovation Fund, among 26 tracked co-investors.

Draper Triangle

Venture capitaloperating company · company profile

Pittsburgh · Seed–Series A · 6 people tracked

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Investment thesis

Draper Triangle focuses on backing entrepreneurs and innovation emerging from the Midwest, an area it considers a birthplace of American industry. The firm targets companies building in software, robotics, big data analytics, and connected devices, drawing on the region's universities, accelerators, and entrepreneurial talent. As part of the Draper Venture Network, a global venture collective, the firm connects experienced investors and innovative founders to share strategies, source deals, and create value across its portfolio.

Invests inAI & Machine Learning Consumer Data & Infrastructure Enterprise Software Hardware IoT Media & Entertainment Medical Devices Robotics SaaS North America Pittsburgh United States

Source: firm website, verified Aug 3, 2026.

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Stage

Seed–Series A

Check

$250K – $2M

Pittsburgh, Pennsylvania, US

Leads rounds

Leads

Instruments

Equity

Founded

2000

Tracked investments

Acquisitions

Team · 6 people

from public directories

Jay Katarincic· Managing Director & Co-Founder· Pittsburghin 𝕏

Jay Katarincic is an investor at Draper Triangle who currently serves as a director at Thread, StimDia, and Autobooks, and previously held director roles at companies including CardioInsight, Carnegie Learning, BodyMedia, BitArmor, DirectWorks, Amplifinity, and Acrobatiq. Earlier in his career he was an associate at Skadden Arps and V.P. of Corporate Development for a privately-held diversified holding company. He holds a B.A. in Economics from the College of the Holy Cross and a joint JD/MSIA degree from the University of Pittsburgh School of Law and Carnegie Mellon University's Graduate School of Industrial Administration.

jay@dtvc.com

Mike Stubler· Managing Director & Co-Founder· Pittsburghin 𝕏

Mike Stubler is a Managing Director at Draper Triangle Ventures with over 35 years of experience with early-stage technology companies as both a co-founder and investor. He serves as a director at several portfolio companies and is chairman and former president of the Pittsburgh Venture Capital Association.

mike@dtvc.com

Tom Jones· Managing Director· London, England, United Kingdomin 𝕏

A Managing Director at Draper Triangle Ventures with over 25 years of marketing and sales experience working with early-stage technology entrepreneurs. He co-founded IndustryNet, an early online industrial marketplace later acquired by Nets Inc., and serves on the boards of RE2 and ContainerShip.

tom@dtvc.com

Zach Malone· Principal· Pittsburgh, Pennsylvaniain 𝕏

Zach Malone is a Principal at Draper Triangle Ventures with over a decade of early-stage investing experience. He sits on the boards of Thread, Locomation, and Ikos, was previously a board member at Containership, and formerly worked as an analyst at UPMC Enterprises and Gateway Financial. He holds a B.S. in Finance from Virginia Tech.

zach@dtvc.com

Jonathan Murray· Venture Partner· Ann Arbor, Michigan𝕏

Jonathan Murray joined Draper Triangle in 2014 and opened the firm's Michigan office. He previously co-founded early-stage venture fund Early Stage Partners in 2001 and led marketing and software development at Spectra Laboratories, holding an MBA from the University of Michigan.

jonathan@dtvc.com

Will Indest

What they invest in

from 7 of 25 portfolio companies

Enterprise Software ×4SaaS ×4AI & Machine Learning ×2Fintech ×2Healthtech ×2Consumer ×1Data & Infrastructure ×1E-commerce ×1

HQs:United States×10United Kingdom×1Israel×1

Investments · 25 tracked

founders shown can be your intro path

By year:2025 · 1 2019 · 1 2018 · 1 2016 · 3 2015 · 39 dated

Amplifinity inApr 2015

Ann Arbor, US

Eric Jacobson(Executive Officer)in

BoardPaul Vlasic(Director)Ellen Carnahan(Director)Richard Beedon(Director)Raymond Spencer(Director)

Board seat Jay Katarincic· per SEC Form D

Co-investorsEarly Stage Partners, LP

Onshiftonshift.com inMar 2016

OnShift provides workforce management and employee engagement software for long-term care, senior living, behavioral health, EMS, and home health providers.

Enterprise SoftwareHealthtechHR TechSaaSCleveland, US

Mark Woodka(Executive Officer, Director)in

BoardMichael Stubler(Director)Claiborne Rankin(Director)Jonathan Murray(Director)David Inglis(Director)

Board seat Mike Stubler· per SEC Form D

Co-investorsEarly Stage Partners, LP Health Velocity Capital HLM Investment Partners Jumpstart Ventures

Aethonaethon.com in

Aethon provides autonomous mobile robots and fleet management software for facility operations, offering comprehensive support including installation, maintenance, and 24/7 monitoring for healthcare, logistics, and other enterprise environments.

Enterprise SoftwareHardwareHealthtechLogistics & Supply ChainRoboticsPittsburgh, US

Co-investorsAscension Ventures Bosch Ventures Innovation Works

Alvierealviere.com in 𝕏

Alviere provides a financial technology platform that enables enterprises to embed branded financial products into customer experiences.

Enterprise SoftwareFintechSaaS

Pedro Silva(Founder)Yuval Brisker(Founder)

Co-investorsAlumni Ventures Basecamp Fund CommerzVentures Eastward Capital Partners Jumpstart Ventures Ohio Innovation Fund +4 more

Autobooksautobooks.co inMay 2025 · $10M

Autobooks provides embedded banking technology to financial institutions to help them attract and retain small business customers by enabling business owners to manage finances and cash flow directly through their bank's digital platform.

Enterprise SoftwareFintechSaaSDetroit, US

Steven Robert(Executive Officer)inJohn Schmid(Executive Officer)Jeff Blackman(Executive Officer)in

Co-investorsBaird Capital Commerce Ventures Invest Michigan MissionOG Detroit Venture Partners Runway Growth Capital

Awareawarelabs.xyz in 𝕏acquired by Mimecast

AI-powered security platform for enterprise collaboration tools that monitors communications and identifies compliance risks

Data & InfrastructureTel Aviv, IL

Jeff Schumann(Founder & CEO)

Co-investorsCherry Ventures JobsOhio Ventures Jumpstart Ventures Ohio Innovation Fund Techstars Allos Ventures +5 more

Carnegie Learningcarnegielearning.com in 𝕏

Carnegie Learning develops artificial intelligence-powered K-12 education technology, curriculum, and professional learning solutions for teachers and students.

AI & Machine LearningEdTechSaaS

Barry Malkin in

Locomationlocomation.aiSeed · Jun 2018 · $6M

Edgeworth, US

Cetin Mericli(Executive Officer, Director)Alonzo Kelly(Executive Officer, Director)Çetin Meriçli, Ph.D.(Founder)in Tekin Meriçli, Ph.D.(Founder)inMichael George(Executive Officer, Director)

Board Mike Stubler(Director)in

Co-investorsAV8 Ventures Batshit Crazy Ventures Fusion Gaingels Plug and Play Ventures Proeza Ventures +3 more

Pixel Velocity in

Ann Arbor, US

Matthew Van Haaren(Chief Executive Officer)David McCubbrey(Vice President and Chief Technology Officer)inJason Slocum(Vice President of Business Development)inHeather Grisham(Executive Officer)in

Board Jonathan Murray(Director)Douglas Schloss(Director)

Threadthread.com in 𝕏acquired by Marks & Spencer

Thread was an AI-powered personal styling service that combined artificial intelligence with expert stylists to provide clothing recommendations for men and women.

AI & Machine LearningConsumerE-commerceMarketing TechLondon, GB

Kieran O'Neill(CEO)in Ben Phillips(CTO)inIan Rosenberger(Founder)Lee Kimball(Founder)Mark Alayev(Founder)Matt Linn(Founder)

Co-investorsBalderton Capital Beringea Y Combinator First Row Partners H&M CO:LAB Headline +3 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Rhiza AcrobatiqActive MediaBabel HealthBitarmorBodymediaCardioinsight Technologies IncClubcomContainerShipIkosRe2Renal SolutionsThinkvineTOA Technologies

Exits · 2

2 acquisitions

Awareacq. by MimecastThreadacq. by Marks & Spencer

Frequently asked questions

How many investments has Draper Triangle made?: Draper Triangle has 25 tracked investments, 2 of which have exited, including 1 dated in the last 24 months.
What stage does Draper Triangle invest at?: Draper Triangle invests at the Seed, Series A stages.
What is Draper Triangle's typical check size?: Draper Triangle typically writes checks of $250K – $2M.
What sectors does Draper Triangle focus on?: Draper Triangle focuses on AI & Machine Learning, Consumer, Data & Infrastructure, Enterprise Software, Hardware, IoT, Media & Entertainment, Medical Devices, Robotics, SaaS.
Where is Draper Triangle located?: Draper Triangle is headquartered in Pittsburgh, US.
Does Draper Triangle lead rounds?: Yes, Draper Triangle leads investment rounds.
Who does Draper Triangle co-invest with?: Draper Triangle most often shares deals with Jumpstart Ventures, Early Stage Partners, LP, Ohio Innovation Fund, among 26 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Business as Usual: Jay Katarincic, Draper Triangle Ventures

Pittsburgh Technology Council · Jay Katarincic

Images

Co-investors · 4

Fusion

Fusion Fund is an early-stage venture capital firm backing startups with technical or data advantages in healthcare, enterprise AI, and industrial technology.

Both backed · 1

Locomation

$500K – $1M

AV8 Ventures

AV8 Ventures is an early-stage venture capital firm that backs startups across healthcare, enterprise, financial services and deep-tech, aiming to help founders build category-defining companies.

Both backed · 1

Locomation

$500K – $10M

Innovation Works

Innovation Works is a nonprofit early-stage investor supporting the growth of Southwestern Pennsylvania's tech economy through venture funding, accelerator programs, and ecosystem support.

Both backed · 1

Aethon

$100K – $300K

Riverfront Ventures, LLC

Riverfront Ventures is an early-stage venture capital fund based in Pittsburgh that invests in early-growth stage technology companies, serving as the venture capital arm of Innovation Works.

$250K – $1M

Firms observed investing alongside Draper Triangle, from public investor directories. Shared companies are the overlap with Draper Triangle's recorded portfolio.

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