Magarac Venture Partners (formerly Draper Triangle Ventures) is a Pittsburgh-based early-stage venture capital firm investing in Midwest technology companies. The firm focuses on software, robotics, medical devices, and AI, leading Seed and Series A rounds.
33% of their portfolio is in Data & Analytics. They made 1 investments in the last 12 months. Their most common stage is seed (50% of deals). Average disclosed round size is $19.2M (across 6 rounds with reported amounts).
Portfolio
6
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
6 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Hellbender | Seed | $12.5M | May 2026 |
 Gray Swan | Series A | $40M | Jan 2024 |
| GGray Swan AI | Unknown | $40M | Jan 2024 |
 Bloomfilter | Seed | $7M | — |
 Bloomfilter | Seed | $7M | — |
 Profitmind | Series A | $9M | — |
Top Co-Investors
Techstars2 shared
North Coast Ventures2 shared
HPA2 shared
Sequoia Capital2 shared
Samsung Next2 shared
Obvious Ventures2 shared
Wing Venture Capital2 shared
Snowflake Ventures2 shared
Madrona Venture Group2 shared
Fund+1 shared
Lightscape Partners1 shared
Accenture1 shared
Gaingels1 shared
Last updated: 9 September 2026