Innovation Works
Innovation Works is a venture capital firm based in Pittsburgh, Pennsylvania, established in 1999. With over 20 years of experience, it has become a key player in Southwestern Pennsylvania's technology economy, focusing on investing in high-potential companies that can significantly impact the regional economy. As the largest investor in seed-stage companies in the region, Innovation Works supports a diverse range of sectors, including robotics, artificial intelligence, medical devices, retail technologies, and enterprise software. In addition to financial investment, the firm offers business expertise and resources to help manufacturers adopt new technologies, further fostering innovation and growth within the local economy.
Past deals in Haiti
Thread
Seed Round in 2013
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 trash and plastic bottles from developing countries into raw materials for fabric production. This fabric is then used by apparel and accessories brands to create environmentally and socially responsible products. Thread's impact is significant, with its fabric supporting nearly 2,700 income opportunities and collecting over 6 million bottles monthly from communities in Haiti and Honduras. The company also captures and shares the stories of those positively affected by its process through its Ground to Good storytelling platform, helping brands enhance their social impact narrative.
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