TRAXyL Raises $5 Million in Oversubscribed Seed Round Led by Draper Associates

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-- and Executes a Strategic Investment and Development Agreement with In-Q-Tel --

TRAXyL Raises  Million in Oversubscribed Seed Round Led by Draper Associates

A logo for TRAXyL, Inc.

GAINESVILLE, Va. - October 13, 2022 - (

TRAXyL, Inc., an industry disrupter in the optical fiber installation industry, today announced the closing of an oversubscribed $5 million series seed funding round led by Draper Associates, a global venture capital firm investing in industry-transforming companies. TRAXyL expects to use the net proceeds of its financing to further develop its minimally disruptive fiber-optic installation technology, manufacture additional installation equipment to meet customer demand, and grow its team.

In addition to closing its seed round, TRAXyL also announced a strategic investment and product development agreement with In-Q-Tel, Inc., the non-profit strategic investor that identifies cutting-edge technologies to advance and enhance the national security capabilities for the U.S. and its allies. This agreement will accelerate the development of TRAXyL's next-generation, flush-mount fiber optic installation technology.

"We are excited to announce that we have closed a $5 million seed round led by Draper Associates, with additional support from Felton Group LLC, Industrious Ventures, 1862 Capital, Precursor Ventures, Ring Ventures (an Alumni Ventures Fund), Capital Factory, and angel investors," said Daniel Turner, Co-Founder and CEO of TRAXyL. Stephen Carter, Co-Founder and COO, added: "The dedicated support of such a high caliber group of investors also enabled TRAXyL to receive a strategic investment from In-Q-Tel and to apply for additional non-dilutive funding from the U.S. Air Force AFWERX program and the National Science Foundation SBIR Phase IIB program. IQT's strategic investment in the company will enable TRAXyL to further develop FiberTRAX, our "painted" fiber installation capability, which will greatly expand the use case of our product offering." Daniel Turner continued, "We are very excited to be partnered with each of our investors as we move forward to deliver highspeed communications to the most underserved and hardest-to-reach areas. We are now in overdrive mode to build upon our existing technology and hire the best and brightest in operations, sales, and technical disciplines."

"At Draper Associates, we support and grow companies that are transformative in their respective industries," said Tim Draper, Founding Partner of Draper Associates. "TRAXyL's ability to quickly and efficiently install high-speed communication links in a minimally disruptive manner creates an opportunity to transform the telecommunications and construction industries and to connect the hardest-to-reach areas of our cities, nations, and planet with first-class, high-speed communication lines. We are thrilled to promote the growth of this team and the further roll-out of this exciting technology."

Lewis Ringelman P.C., based in Denver, Colorado, served as legal counsel to TRAXyL in each of these transactions.

About TRAXyL

Headquartered in Gainesville, Virginia, TRAXyL has developed a new technique for installing optical fiber. TRAXyL's patented FiberTRAX technology provides a minimally disruptive method of installing industry-leading, high-speed fiber optic communication lines directly onto paved surfaces, encased in low-profile, durable protective coatings. This technology has been proven to reduce lead times, installation and maintenance costs, and disruptions to surrounding areas, in connection with the installation of new fiber optic lines. FiberTRAX is installed using a TRAXyL-developed TRAXtor machine, which is operated by TRAXyL personnel or leased to authorized distributors and installers. Please visit for more information. 

About Draper Associates

Founded in 1985 by Tim Draper, Draper Associates is the leader in early-stage venture capital that continues to invest in technology companies that show exceptional promise. The firm's investments have included Coinbase, Baidu, Tesla, Skype, SpaceX, Twitch, Hotmail, Focus Media, Robinhood, Carta, and other industry unicorns at the early stage. Draper Associates has built a reputation for encouraging entrepreneurs to drive their businesses to greatness, to transform industries with new technologies, and to build platforms for extraordinary growth, jobs and wealth creation. To learn more, visit

About In-Q-Tel

In-Q-Tel is the not-for-profit, strategic investor that serves the national security interests of the U.S. intelligence and national security community and its allies, providing the most sophisticated source of strategic technical knowledge and capabilities. For more information, visit

Contact Information:
Daniel Turner

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Original Source: TRAXyL Raises $5 Million in Oversubscribed Seed Round Led by Draper Associates

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New Children’s Picture Book Addresses Bullying, Body Image, Weight-Shaming and Self-Esteem, Opening Opportunities for Important Conversations Between Kids and Adults

'Chubby the Bear’s Big Choice,' by Author Daryl R. McCullough and Illustrated by Maryanne Smith, Sets Its Story Among the Enchanting California Redwoods, Where a Young Bear Fends Off Bullies and Self-Doubt and Regains Self-Esteem and Acceptance

New Children’s Picture Book Addresses Bullying, Body Image, Weight-Shaming and Self-Esteem, Opening Opportunities for Important Conversations Between Kids and Adults
'Chubby the Bear's Big Choice'

Author Daryl R. McCullough?s second book, 'Chubby the Bear?s Big Choice,' is set in a California redwood forest and tells the story of a sensitive, young bear struggling with bullies and his self-esteem issues.

Author Daryl R. McCullough’s second book, “Chubby the Bear’s Big Choice,” is set in a California redwood forest and tells the story of a sensitive, young bear struggling with bullies and self-esteem issues. This tender new book offers children, parents, and others of all ages an engaging story with several timely lessons on bullying, body image, weight-shaming, and self-esteem to be shared and discussed. Parents and children’s therapists have already heralded the book as an essential tool on the subject matter. Order now at Amazon, Barnes & NobleTarget or Archway Publishing.

Chubby is a fitting follow-up to McCullough’s award-winning first book “The Story of Tree and Cloud” — 1st Place, Pen Craft Awards; Finalist/5-Stars, “Reader’s Choice Book Awards”; 1st Place, “Firebird Awards”; and 3rd Place, “Best Children’s Book" and "Best Illustrated & Picture Book," Spring 2022, Outstanding Creator Awards. “Tree and Cloud” is a story about loss and managing grief, also set among California’s natural beauty, starring a California live oak tree named Folie and her new friend Puddle. “Chubby the Bear’s Big Choice” is similarly illustrated — not as a cartoon, but in a pure and naturalist style — by McCullough’s 80-year-old aunt Maryanne Smith, an acclaimed nature artist from Pennsylvania. 

“I grew up a chubby child who was bullied and weight-shamed by my peers and even by teachers and staff in grade school,” McCullough said. “I hope that by sharing this story, any child who might be dealing with these issues and feelings can find the strength to talk about it with their parents and learn self-care. 

“Of course, I also hope the story might thwart a bully or two, providing a teachable moment for them that our individuality is powerful, and compassion is paramount in any friendship,” McCullough said.

The story follows its hero, Chubby, a sensitive young bear cub with a rare talent for befriending honeybees and perhaps enjoying too much of their honey. Bullied by other bear cubs in the forest, Chubby finds solace by retreating up in the air, high in the branches of the redwood trees. One day, Chubby’s mood gets lifted by his forest friends — a sweet raccoon and a wise beaver — and Chubby embarks on a journey to reclaim his self-esteem, choosing to teach the other cubs a lesson along the way. Ultimately, Chubby takes the high road and shows others he is emotionally mature enough to stand up for himself while showcasing his strengths in a thrilling culmination of the tale, which ends happily for all.

Available now, the book invites readers of all ages to embark on a powerful journey of self-discovery and empathy and helps foster essential conversations and empower the next generation. 

“This magical story touched my heart and reminded me how, as a mother of two fabulous daughters, I always had my eye on bullying, particularly when it came to body shaming. Bullies teach us all how not to behave! Conversely, I taught my girls that staying connected with their bodies and loving and sharing their unique gifts with others were some of the healthiest ways to care for themselves and live fulfilled lives. Life is indeed a gift, so like Chubby, let’s all choose love, acceptance, and kindness!” — Melora Hardin, Emmy-nominated star (“The Office,” “Transparent,” “Dancing with the Stars,” “Monk”)

“Chubby the Bear’s Big Choice” by Daryl McCullough 
ISBN: 9781665749640 (Softcover); 9781665749664 (Hardcover); 9781665749657 (Ebook)

About the Author

Daryl McCullough is a professional writer and marketing communications executive who loves creative expression. He lives and works in the Los Angeles area with his husband George Griffin; together, they have a marketing communications and social media business, McGriffin Media. He is formerly CEO and now Chair Emeritus of Citizen Relations, a global brand marketing firm. The family adores their dog, Ferdinand, named after another delightful book. 

About the Illustrator

Maryanne Smith is a talented 80-year-old artist. She has designed and painted many high-end wallpaper designs for the premier York Wallcoverings. She has sold many works of art drawn from nature, and “Chubby the Bear’s Big Choice” is her follow-up to “The Story of Tree and Cloud.” She is from York County, Pennsylvania. Prints of images from each book are available for purchase.

Contact Information:
Melissa Penn

Original Source: New Children’s Picture Book Addresses Bullying, Body Image, Weight-Shaming and Self-Esteem, Opening Opportunities for Important Conversations Between Kids and Adults
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