Draper Triangle Ventures is the Midwest-based Network Partner of Draper Fisher Jurvetson. As industry preference – they usually fund high-tech start-up companies with high market potential and, regarding stage preference, they provide seed and early-stage capital. Globally, the DFJ Global Network Partner Funds comprise more than 140 VC professionals, in over 30 US, European, Asian, Israel, Russian and South American cities. There are more than 600 portfolio companies that have been funded and over $6 billion of capital under their management. Here are the most recent investments made this year.
At the end of August 2010 Draper Triangle Ventures Invested $5Million in ClearCount Medical Solutions, a patient safety solutions innovator. The close of series B financing round brings the company funds for research and development, as well as for market penetration. What ClearCount provides are RFID chips to count and track surgical sponges. The benefit for patients is preventing surgeons from leaving sponges within their bodies during intra-abdominal surgical procedures, such quite frequent incidents leading to severe infections. What do the products ensure to hospitals? A better reputation at a rapid rate of ROI.
2. Co-eXprise Inc.
Co-eXprise is a developer of supply chain software, based in Wexford. In February 2010 it raised more than $2 million from Draper Triangle Ventures. It was the first time when the company used funds from an institutional investor. In the past Co-eXprise assisted firms that purchased commodities such as gas and electricity. Later it started to develop software that helps clients find supplier matched for their supply chains. The funds have been used to hire sales and marketing staff that would support Asian and European opportunities, to increase local employment and to push sales.
3. Landslide CRM
Landslide is a a leader in innovative salesforce solutions software. In January 2010 it secured $8 million in growth capital. Draper Triangle Ventures were included in the financing round,among other business investors. The aim was an increase in staff in order to expand its brand and marketing presence in Pittsburgh and Boston. Landslide have expanded their second generation CRM (customer relationship management) product, allowing organizations to define their sales process, combining the sales process with innovative sales performance technology.
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