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Venture Capital
triangle-venture.com

Investments

27

Portfolio Exits

4

Funds

5

About Triangle Venture Capital Group

Triangle Venture Capital Group is a German-based venture capital partnership currently (as per August 2010) managing Â80 million in funds and focusing on investments in spin-offs from universities and research centers primarily active in the information and communication technology (ICT) and medical device industries. They have an exclusive focus on investments in spin-offs from universities and research centers in Germany. Since its inception in 1997, Triangle has advised four funds: Fund I, which started investing in 1999, Funds II and III, parallel funds with vintage year 2001 and Fund IV with vintage year 2006.

Headquarters Location

Talstr. 27e

D-64614,

Germany

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Latest Triangle Venture Capital Group News

Puppet Labs Closes $40 Million Funding Round to Fuel Rapid Expansion and Address Enterprise Demand for IT Automation

Jun 19, 2014

Company Adds Veteran Sales Executive to Lead EMEA Growth Efforts PORTLAND, OR--(Marketwired - Jun 19, 2014) - Puppet Labs, the leading provider of IT automation software, today announced that it has closed a $40 million investment round from existing investors Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Venture Capital Group, True Ventures and VMware. The company will use the funds to invest aggressively in the talent, technology advancements and global expansion needed to meet the growing demand for its IT automation software. This round brings the company's total venture capital investment to $86 million since June 2009. In addition to this funding round, Puppet Labs also announced that Mukesh Sharma has joined the team as vice president of sales, EMEA, to expand support for its growing customer, partner and developer communities throughout the world. Prior to joining Puppet Labs, Sharma was the COO of Canopy, a cloud service provider, where he focused on delivering operational excellence to help accelerate deployments and ensuring customers meet their business goals. Mukesh was also responsible for building pre-sales and product development organizations, while also developing the global sales go-to-market. Mukesh joined Canopy from EMC where he was responsible for building and running the Virtualization & Cloud business unit across Europe, Middle-East and Africa. "The need to remain competitive within the global economy has led enterprises to demand IT automation capabilities that Puppet Labs has become singularly qualified to deliver. This has led to an exemplary growth trajectory over the years that True Ventures is excited to be supporting," said Puneet Agarwal at True Ventures. "Puppet Labs is a rare combination of excellent product and talented people who have come together at a time when the world's leading enterprises are looking for solutions that will help them reshape their businesses. " "Puppet Labs is growing fast for a reason: IT automation is critical for any company that uses software to compete," said Luke Kanies, founder and CEO of Puppet Labs. "Today, we help more than 18,000 organizations automate IT, both on premise and in the cloud. But we're just getting started. This funding round enables us to further our leadership position by entering new markets and helping our customers deliver great software faster than ever. " Puppet Labs recently released its 2014 State of DevOps Report. Based on the largest DevOps survey to date, the report shows that IT performance is both measurable and a strong driver of overall company performance. Anyone interested in the strategic value IT can add to the enterprise can download the report for free at http://puppetlabs.com/2014-devops-report . Underscoring the market dominance Puppet Labs has achieved since its founding are multiple milestones and awards the company has recently announced and received. Significant wins include: 18,000+ companies are using Puppet More than half of Fortune 100 companies are Puppet users Growth to over 300 employees worldwide SIIA CODiE 2014 Award for Best Systems Management Solution InfoWorld Technology of the Year Award for 2014 For more information about Puppet Labs, access to resources and to communicate with the team, click on any of the links below:

Triangle Venture Capital Group Investments

27 Investments

Triangle Venture Capital Group has made 27 investments. Their latest investment was in Puppet as part of their Series E on June 6, 2014.

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Triangle Venture Capital Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/19/2014

Series E

Puppet

$40M

Yes

11

3/15/2011

Unattributed VC

Attensity

$22.21M

No

8/6/2010

Series B

xaitment

$3.04M

No

12/31/2009

Series A

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$99M

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10

2/25/2008

Series B

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$99M

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0

Date

6/19/2014

3/15/2011

8/6/2010

12/31/2009

2/25/2008

Round

Series E

Unattributed VC

Series B

Series A

Series B

Company

Puppet

Attensity

xaitment

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Amount

$40M

$22.21M

$3.04M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

11

10

0

Triangle Venture Capital Group Portfolio Exits

4 Portfolio Exits

Triangle Venture Capital Group has 4 portfolio exits. Their latest portfolio exit was Puppet on April 11, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/11/2022

Acquired

$99M

5

9/12/2016

Acquired

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$99M

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10

2/17/2005

Asset Sale

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$99M

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0

2/1/2005

Acquired

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$99M

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0

Date

4/11/2022

9/12/2016

2/17/2005

2/1/2005

Exit

Acquired

Acquired

Asset Sale

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

5

10

0

0

Triangle Venture Capital Group Fund History

5 Fund Histories

Triangle Venture Capital Group has 5 funds, including The Open Sky Technologies Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/9/2010

The Open Sky Technologies Fund

Early-Stage Venture Capital

Open

$24.35M

1

2/1/2007

Triangle Fund IV

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$99M

10

12/31/2001

Triangle Fund III

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$99M

10

12/31/2001

Triangle Fund II

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$99M

10

12/31/1999

Triangle Fund I

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$99M

10

Closing Date

3/9/2010

2/1/2007

12/31/2001

12/31/2001

12/31/1999

Fund

The Open Sky Technologies Fund

Triangle Fund IV

Triangle Fund III

Triangle Fund II

Triangle Fund I

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$24.35M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Triangle Venture Capital Group Team

8 Team Members

Triangle Venture Capital Group has 8 team members, including current Founder, Owner, Uli W. Fricke.

Name

Work History

Title

Status

Uli W. Fricke

Founder, Owner

Current

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Name

Uli W. Fricke

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Work History

Title

Founder, Owner

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Status

Current

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