Draper Triangle Ventures held the first closing of its new fund.
Draper Triangle III, targeted to be a $75-100m fund, will invest in early stage technology companies located in the Midwest, including Pennsylvania, Ohio and Michigan.
Led by Mike Stubler, Jay Katarincic, Tom Jones, and newly added Will Indest, Draper Triangle invests in the IT, Medical Devices and Advanced Materials sectors.
The firm is a member of the DFJ Global Network.
FinSMEs
28/02/2013