TLDR:
- The Triangle Tweener Fund invested $940k in 18 Triangle startups in the fourth quarter of 2024.
- They made 10 new portfolio companies, with $767k invested in Tweeners and $175k in Pre-Tweeners.
The Triangle Tweener Fund announced its Q1 results for 2024, with 18 new investments made in 10 new companies, totaling over $940,000. The fund focuses on early-stage, high-tech companies headquartered in the Triangle region. Some key points from the article include:
Scot Wingo, General Partner of the Tweener Fund, expressed positivity in the startup ecosystem, citing several new deals in the existing portfolio. Robbie Allen, also a General Partner, highlighted the fund’s emphasis on the Tweener segment and its diverse mix of categories like EdTech, HealthTech, SalesTech, and Fintech.
The fund made investments in companies like Sani, Mapt, Cookie, Phinite, Higharc, Upswing, Revcast, RxLink, Medicom, and Vector. These companies cover a range of industries, from clean tech and home building to student services and health technology.
Established in 2022, the Triangle Tweener Fund follows strict criteria for investments, focusing on early-stage companies in the Triangle area. Managed by two experienced entrepreneurs, Scot Wingo and Robbie Allen, the fund has already invested over $6 million across 114 startups in the region. Accredited investors can participate in the fund through the Angel List ‘rolling fund’ platform.
