Draper Triangle Ventures
Draper Triangle Ventures, established in 1999, is a venture capital firm headquartered in Pittsburgh, Pennsylvania, with additional offices in Cleveland, Ohio; Detroit, Michigan; Ann Arbor, Michigan, and Columbus, Ohio. The firm specializes in early-stage investments, focusing on technology companies in the Midwest, Pennsylvania, Michigan, and Ohio. Draper Triangle Ventures typically invests between $250,000 and $2 million in first-round financing, seeking a board seat in its portfolio companies. It targets software, internet, high-technology, and medical device companies, aiming to support entrepreneurs who can create iconic and disruptive businesses in emerging markets. The firm's goal is to help these companies achieve sales of up to $50 million within three to five years. Draper Triangle Ventures is a member of the Draper Venture Network, collaborating with other independent venture funds globally to share resources and create greater value.
Thread LLC, established in 2010 and headquartered in Pittsburgh, Pennsylvania, specializes in producing and marketing fabric made from recycled materials. The company's unique process involves transforming plastic waste, primarily from developing countries like Haiti and Honduras, into high-quality fabric. This fabric is then used by apparel and accessories brands to create products with a positive social and environmental impact. Thread's innovative approach not only reduces plastic waste but also creates income opportunities for local communities, with nearly 2,700 such opportunities supported to date. The company measures and shares the impact data and stories behind its fabric through its Ground to Good storytelling platform, enabling brands to communicate their positive impact to customers.
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