Draper Triangle Opens DTV II with $40 Million to Start
September 30, 2004
We're very pleased to announce the initial closing on Draper Triangle Ventures II (DTV II), a venture fund for Midwestern-based technology companies. Targeted to close in excess of $60 million, DTV II will make seed and early stage investments in compelling advanced software, medical device, automation technology, MEMS and nanotechnology companies. In addition, we've also opened an office in Cleveland, and plan one for Cincinnati mid-2005. The release is here. You can also read articles about DTV II in the Pittsburgh Business Times, Crain's Cleveland Business, Pittsburgh Post-Gazette, and Pittsburgh Tribune Review.
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