Triangle Peak Partners

Venture Capital investing in technology and energy transition.

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Nov 1, 2025	Celero Communications	$100.0M Series B	—	Angelic Ventures, Bond, CapitalG, Innovation Endeavors, Principia Growth Equity, Trajectory Ventures, Tribeca Venture Partners, Vendep Capital
Oct 1, 2024	Zip	$190.0M Series D	—	186 Ventures, Accomplice VC, AirAngels, Angelic Ventures, Arrive, Baseline Ventures, Bond, Boston Seed Capital, CapitalG, Cedar Capital Group, Chemistry VC, Comal Ventures, CRV, Impellent Ventures, Innovation Endeavors, NextGen Venture Partners, NextView Ventures, Northside Ventures, Operator Collective, Predictive VC, Principia Growth Equity, The Hit Forge, Trajectory Ventures, Tribeca Venture Partners, Vendep Capital, Village Global, VitalStage Ventures, Y Combinator, Balaji Srinivasan, David Chang, Derrick Li, Jeff Seibert, Jennifer Lum, Scott Belsky
May 1, 2023	Kustomer	$60.0M Venture Round	—	AirAngels, Battery Ventures, Boldstart Ventures, Bonfire Ventures, CRV, Dell Technologies Capital, Freestyle Capital, Grove Ventures, M12, Not Boring Capital, Redpoint Ventures, SRB Ventures, Venture Guides, Guy Podjarny, Mark Pincus
Jan 1, 2023	Nobl9	$16.0M Series C	—	Andreessen Horowitz, Battery Ventures, Bonfire Ventures, Coatue, CRV, Menlo Ventures, Pareto Holdings, Telstra Ventures, Two Bear Capital, Wing Venture Capital, Shane Neman
Nov 1, 2021	Yellowbrick Data	$75.0M Series C	—	1776, 75 & Sunny, A Capital, Acequia Capital, ACME Capital, Audrey Capital, BMW i Ventures, Cisco Investments, Cota Capital, Craft Ventures, DFJ, Expon Capital, FJ Labs, Foundation Capital, General Catalyst, Invariantes Fund, IVP, Lightspeed Venture Partners, Madrona Ventures, Maveron, Menlo Ventures, Next47, Polaris Partners, Radical Ventures, SOSV, Stellar Capital, SV Angel, Threshold Ventures, WestRiver Group, Apoorva Ruparel, Bruno Bowden, Chris M. Willliams, Dan Martell, DJ Patil, Gerhard Eschelbeck, Jeff Bezos, Marissa Mayer, Oliver Friedrichs, Sam Shank, Shervin Pishevar
Oct 1, 2021	Copper Banking	$9.0M Seed	—	Angelic Ventures, Bond, Bonfire Ventures, CapitalG, Company Capital, Innovation Endeavors, La Famiglia, Lowercarbon Capital, Maven Ventures, MS&AD Ventures, Offline Ventures, Pioneer Square Labs, Point72 Ventures, Principia Growth Equity, Red Swan Ventures, Trajectory Ventures, Tribeca Venture Partners, Vendep Capital, Visionaries Club, Bill Tai, Jeffrey Wilke
Sep 1, 2021	AlphaSense	$180.0M Series C	—	Alpha Edison, Angelic Ventures, Bond, Bonfire Ventures, CapitalG, Innovation Endeavors, Principia Growth Equity, Trajectory Ventures, Tribeca Venture Partners, Vendep Capital, Josh Resnick
Jun 1, 2021	Iterable	$200.0M Series E	—	Battery Ventures, Bonfire Ventures, Cisco Investments, CRV, Gaingels, Andrew Schoen, Trajectory Ventures, Trinity Ventures, Wealthing VC Club, Peter Barris
Jun 1, 2021	Tonkean	$50.0M Series B	—	Accel, Angelic Ventures, Bond, CapitalG, Greycroft, Innovation Endeavors, Lightspeed Venture Partners, Principia Growth Equity, Trajectory Ventures, Tribeca Venture Partners, Vendep Capital
Oct 1, 2020	Getaround	$140.0M Series E	—	Andreessen Horowitz, BMW i Ventures, Menlo Ventures, Zetta Venture Partners
Dec 1, 2019	Check	$8.0M Series A	—	Acequia Capital, Audrey Capital, Bloomberg Beta, Cota Capital, Craft Ventures, Expon Capital, FJ Labs, Foundation Capital, Hillsven, Insight Partners, Invariantes Fund, Menlo Ventures, Radical Ventures, SignalFire, SOSV, Stellar Capital, Bruno Bowden, Chris M. Willliams, Dan Martell, Marissa Mayer, Sam Shank, Shervin Pishevar
Dec 1, 2019	Iterable	$60.0M Series D	—	01 Advisors, A Capital, Album VC, Andreessen Horowitz, Atlantic Bridge, Battery Ventures, Bonfire Ventures, Craft Ventures, Crosscut Ventures, Crosslink Capital, CRV, Dispersion Capital, DST Global, Gradient Ventures, Hack VC, Index Ventures, Innovation Endeavors, IVP, Keshif Ventures, Khosla Ventures, Liquid 2 Ventures, Laurence Jones, MaC Venture Capital, Magnetic Ventures, Pareto Holdings, Pelion Venture Partners, Sapphire Ventures, SNR, Telstra Ventures, Trajectory Ventures, TSVC Capital, UpHonest Capital, Matt Garratt, Y Combinator, Kevin Lin, Marcus Bartram, Michael Ryan Dubin, Ronny Conway
Dec 1, 2019	Kustomer	$60.0M Series E	—	Battery Ventures, Bonfire Ventures, Cedar Capital Group, CRV
Sep 1, 2019	Mercury	$21.0M Series A	—	2048 Ventures, 2xN, Kevin Hartz, A* Capital (A Star Capital), Accel, Acequia Capital, Andreessen Horowitz, Anti fund, Atreides Management, Atria Ventures, Audrey Capital, Bam Ventures, Basecamp Fund, Better Tomorrow Ventures, Blisce, C2 Investment, Cedar Capital Group, Coatue, Convective Capital, Cota Capital, Craft Ventures, CRV, Daft Capital, Kiersten Stead, Jenny Fielding, Scott Hartley, Expon Capital, FirstMark Capital, Firstminute Capital, FJ Labs, Flybridge Capital Partners, Footwork, Foundation Capital, Founders Committee, Founders Fund, gener8tor, Goat Capital, Greenoaks Capital, Hanabi Capital, Highland Capital Partners, Insight Partners, Invariantes Fund, Jetstream, Khosla Ventures, Left Lane Capital, M13, Matrix, Maveron, Menlo Ventures, Norwest Venture Partners, Hans Tung, Outcast Ventures, Parade Ventures, Pareto Holdings, Phenomen Ventures, Pioneer Fund, Prelude Ventures, Radical Ventures, RRE Ventures, Sequoia Capital, Social Impact Capital, SOSV, Spacecadet Ventures, Spark Capital, Stellar Capital, The Community Fund, Thirty Five Ventures, Todd and Rahul's Angel Fund, True Ventures, Venture Highway, Verified Capital, Weekend Fund, Adam D'Angelo, Alan Braverman, Bradley Horowitz, Bruno Bowden, Charlie Cheever, Chris M. Willliams, Dan Martell, Drew Houston, Giovanni Gardelli, Greg Brockman, Immad Akhund, Jeremy Yap, Josh Elman, Julia Hartz, Juney Ham, Marissa Mayer, Matt Brezina, Mike Krieger, Moshe Lifschitz, Nkechi Iregbulem, Peter Relan, Sam Shank, Scott Belsky, Shervin Pishevar, TJ Parker, William Hockey
Jun 1, 2019	Yellowbrick Data	$81.0M Series C	—	1776, 75 & Sunny, A Capital, Acequia Capital, ACME Capital, Audrey Capital, BMW i Ventures, Cisco Investments, Cota Capital, Craft Ventures, DFJ, Expon Capital, FJ Labs, Foundation Capital, General Catalyst, Invariantes Fund, IVP, Lightspeed Venture Partners, Madrona Ventures, Maveron, Menlo Ventures, Next47, Polaris Partners, Radical Ventures, SOSV, Stellar Capital, SV Angel, Threshold Ventures, WestRiver Group, Apoorva Ruparel, Bruno Bowden, Chris M. Willliams, Dan Martell, DJ Patil, Gerhard Eschelbeck, Jeff Bezos, Marissa Mayer, Oliver Friedrichs, Sam Shank, Shervin Pishevar
May 1, 2019	Kustomer	$40.0M Series D	—	Battery Ventures, Bonfire Ventures, Cedar Capital Group, CRV
May 1, 2019	People.ai	$60.0M Series C	—	8VC, Andreessen Horowitz, Audacious Ventures, Awesome People Ventures, Dig Ventures, Founder Collective, Founders' Co-op, Intuition Capital, Lightspeed Venture Partners, Meritech Capital Partners, Norwest Venture Partners, Notable Capital, Paradigm, Robot Ventures, Sequoia Capital, Serena Ventures, SNR, Tiger Global Management, Vibe Capital, WorkLife Ventures, Y Combinator, Alex Adelman, Charlie Songhurst, Jesse Leimgruber, Matt Gibstein, Paul Yacoubian, Scott Belsky, Steve Schlafman
Mar 1, 2019	Iterable	$50.0M Series C	—	01 Advisors, A Capital, Album VC, Andreessen Horowitz, Atlantic Bridge, Battery Ventures, Bonfire Ventures, Craft Ventures, Crosscut Ventures, Crosslink Capital, CRV, Dispersion Capital, DST Global, Gradient Ventures, Hack VC, Index Ventures, Innovation Endeavors, IVP, Keshif Ventures, Khosla Ventures, Liquid 2 Ventures, Laurence Jones, MaC Venture Capital, Magnetic Ventures, Pareto Holdings, Pelion Venture Partners, Sapphire Ventures, SNR, Telstra Ventures, Trajectory Ventures, TSVC Capital, UpHonest Capital, Matt Garratt, Y Combinator, Kevin Lin, Marcus Bartram, Michael Ryan Dubin, Ronny Conway
Jan 1, 2019	Kustomer	$35.0M Series C	—	AngelPad, Battery Ventures, Boldstart Ventures, Bonfire Ventures, Bullpen Capital, Canaan Partners, Citi Ventures, CRV, Dell Technologies Capital, First Round Capital, Flex Capital, Founders Circle Capital, Grove Ventures, Lobby Capital, M12, Meritech Capital Partners, Origin Ventures, Outsized Ventures, Partech Ventures, Rainfall Ventures, Sapphire Ventures, Social Leverage, SOSV, Tekton Ventures, Theory Ventures, Venture Guides, WGI Group, Anthony Soohoo, Guy Podjarny, Jared Kopf, Kamiar Kordari
Oct 1, 2018	People.ai	$30.0M Series B	—	8VC, Andreessen Horowitz, Audacious Ventures, Awesome People Ventures, Dig Ventures, Founder Collective, Founders' Co-op, Intuition Capital, Meritech Capital Partners, Norwest Venture Partners, Notable Capital, Serena Ventures, SNR, Tiger Global Management, Vibe Capital, WorkLife Ventures, Charlie Songhurst, Jesse Leimgruber, Matt Gibstein, Paul Yacoubian, Scott Belsky, Steve Schlafman
Oct 1, 2018	Yellowbrick Data	$48.0M Series B	—	1776, A Capital, Acequia Capital, Audrey Capital, BMW i Ventures, Cisco Investments, Cota Capital, Craft Ventures, DFJ, Expon Capital, FJ Labs, Foundation Capital, General Catalyst, Invariantes Fund, IVP, Lightspeed Venture Partners, Menlo Ventures, Next47, Polaris Partners, Radical Ventures, SOSV, Stellar Capital, SV Angel, Apoorva Ruparel, Bruno Bowden, Chris M. Willliams, Dan Martell, DJ Patil, Gerhard Eschelbeck, Marissa Mayer, Oliver Friedrichs, Sam Shank, Shervin Pishevar
Jul 1, 2018	Yellowbrick Data	$44.0M Series A	—	75 & Sunny, Acequia Capital, ACME Capital, Audrey Capital, Cota Capital, Craft Ventures, Expon Capital, FJ Labs, Foundation Capital, Invariantes Fund, Madrona Ventures, Maveron, Menlo Ventures, Radical Ventures, SOSV, Stellar Capital, Threshold Ventures, WestRiver Group, Bruno Bowden, Chris M. Willliams, Dan Martell, Jeff Bezos, Marissa Mayer, Sam Shank, Shervin Pishevar
Apr 1, 2018	Clausematch	$5.0M Series A	—	500 Global, Andreessen Horowitz, Angelic Ventures, Bond, CapitalG, Global Founders Capital, Index Ventures, Innovation Endeavors, Koch Fund, Next47, Partech Ventures, Principia Growth Equity, Sapphire Ventures, SciFi VC, Trajectory Ventures, Tribeca Venture Partners, Valar Ventures, Vendep Capital, YOBE Ventures, Zinc, Errol Damelin, Richard Branson, Robin Klein, Roger Ehrenberg
Sep 1, 2017	Truveris	$25.0M Series D	—	Angelic Ventures, B Capital Group, Bond, Canaan Partners, CapitalG, Innovation Endeavors, Principia Growth Equity, Trajectory Ventures, Tribeca Venture Partners, Vendep Capital
Jun 1, 2017	Clausematch	$2.0M Seed	—	500 Global, Angelic Ventures, Bond, CapitalG, Global Founders Capital, Innovation Endeavors, Next47, Partech Ventures, Principia Growth Equity, Trajectory Ventures, Tribeca Venture Partners, Vendep Capital

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Triangle Peak Partners.

Leadership Team

Key people at Triangle Peak Partners.

Deep Dive

High-Level Overview

Triangle Peak Partners is a multi-strategy asset management and venture capital firm focused primarily on growth-stage investments in technology, clean technology, and energy sectors. Their investment philosophy centers on partnering with companies at Series B through pre-IPO stages, while opportunistically supporting seed and early-stage ventures. The firm aims to create value by working closely with management teams, leveraging its expertise in technology and energy transition to back innovative startups and growth companies. Triangle Peak’s investments typically target software and energy transition technologies, contributing to the advancement of sustainable energy solutions and cutting-edge tech innovations. Their active role in the startup ecosystem helps scale companies that address critical challenges in energy and technology, fostering growth and innovation in these sectors[1][2][5].

Origin Story

Founded with a focus on combining venture capital and growth equity, Triangle Peak Partners has evolved to emphasize technology and energy transition investments. Key partners include Dain F. DeGroff, co-founding partner and CEO, who brings extensive experience from Fort Mason Capital in technology and alternative energy investments. Another notable partner is Mike, former president and lead director at Kinder Morgan, a major energy infrastructure company, whose background in energy infrastructure and corporate development informs the firm’s energy sector focus. Tyler Peterson, a partner on the technology team, joined in 2014 and contributes deep investment expertise. The firm’s evolution reflects a strategic blend of technology and energy sector knowledge, positioning it to capitalize on growth opportunities in clean tech and energy transition[2].

Core Differentiators

Multi-Strategy Investment Model: Combines venture capital and growth equity, focusing on later-stage investments but flexible to early-stage opportunities.
Sector Expertise: Deep knowledge in technology, clean tech, and energy sectors, supported by partners with operational and investment experience in these fields.
Strong Network: Connections with leading co-investors such as Sapphire Ventures, Menlo Ventures, and DFJ, enhancing deal flow and syndication.
Value Creation Approach: Works closely with portfolio company management to drive growth and operational improvements.
Track Record: Over 80 investments with 22 exits, demonstrating experience in scaling companies and achieving liquidity events.
Geographic Presence: Offices in Palo Alto, Carmel, and Houston, enabling access to key innovation hubs and energy markets[1][2][4][5].

Role in the Broader Tech Landscape

Triangle Peak Partners rides the dual trends of digital transformation and the global energy transition. The firm’s timing is critical as technology innovation accelerates alongside urgent climate and sustainability imperatives. Market forces such as increasing demand for clean energy solutions, regulatory support for decarbonization, and rapid adoption of enterprise software and data analytics create a fertile environment for their investments. By focusing on companies that innovate in energy infrastructure, clean technology, and software, Triangle Peak influences the broader ecosystem by enabling scalable solutions that address climate change and technological advancement. Their capital and expertise help bridge the gap between early innovation and market maturity, supporting the growth of companies that are shaping the future of energy and technology[2][5].

Quick Take & Future Outlook

Looking ahead, Triangle Peak Partners is well-positioned to deepen its impact in the energy transition and technology sectors, especially as global momentum for sustainability intensifies. Trends such as electrification, grid modernization, and enterprise digital transformation will likely shape their investment focus. The firm’s ability to leverage its multi-strategy approach and sector expertise could lead to increased participation in transformative deals and potential expansion into new geographies or adjacent sectors. As the energy transition accelerates, Triangle Peak’s influence may grow as a key enabler of innovative companies that drive both environmental impact and technological progress, reinforcing its role as a strategic partner in the evolving tech and energy landscape[1][2][5].

Sources

High-Level Overview

Origin Story

Core Differentiators

Multi-Strategy Investment Model: Combines venture capital and growth equity, focusing on later-stage investments but flexible to early-stage opportunities.
Sector Expertise: Deep knowledge in technology, clean tech, and energy sectors, supported by partners with operational and investment experience in these fields.
Strong Network: Connections with leading co-investors such as Sapphire Ventures, Menlo Ventures, and DFJ, enhancing deal flow and syndication.
Value Creation Approach: Works closely with portfolio company management to drive growth and operational improvements.
Track Record: Over 80 investments with 22 exits, demonstrating experience in scaling companies and achieving liquidity events.
Geographic Presence: Offices in Palo Alto, Carmel, and Houston, enabling access to key innovation hubs and energy markets[1][2][4][5].