TLDR:
- Triangle Tweener Fund made 15 new investments totaling $804k in Q2 2024
- New investments focused on a wide range of categories including consumer, FinTech, B2B SaaS, AgTech, and CleanTech
The Triangle Tweener Fund recently announced its Q2 2024 investments, with a total of $804,000 invested in 15 Triangle startups. The fund added 8 new Tweeners to its portfolio, spanning categories such as consumer, FinTech, B2B SaaS, AgTech, and CleanTech. The average investment per company was $53,666, with an average round size of $4.5 million and an average pre-money valuation of $21.6 million. The Q2 investments also included follow-on investments in existing portfolio companies, demonstrating the fund’s commitment to supporting the growth of Triangle startups.
The new portfolio companies included a diverse range of startups such as LoanWell, Plantd, Murphy’s Naturals, Cycle Labs, AgEye, Remoov, Grogo, nDustrial, Flytes, Ardent, Harmony, and Gemini Sports Analytics. These companies are working on innovative solutions in areas like FinTech, sustainable materials, agriculture, software testing, energy optimization, airport dining, AI platforms, healthcare hiring, and sports analytics.
The Triangle Tweener Fund, managed by serial entrepreneurs Scot Wingo and Robbie Allen, focuses on investing in early-stage, high-tech ‘Tweeners’ in the Triangle region of North Carolina. The fund has a narrow focus on companies that meet specific criteria related to size, revenue, and technology/venture fundability. With a rolling fund model, the Tweener Fund is always open to new accredited investors interested in supporting the growth of the Triangle startup ecosystem.
