PITTSBURGH, PA – June 16th, 2015 – Thread has closed a Series A Round of $2.8M, led by Draper Triangle Ventures, to create responsible fabric made from plastic collected in low-income countries. The financing will help expand production capabilities, while growing data and content collection throughout Thread’s unprecedentedly clean, transparent supply chain. The raise completes a $3.5M funding cycle that will continue to fuel the Certified B Corporation’s growth.
Based in Pittsburgh with operations in Haiti and Honduras, Thread tracks the impact on communities, jobs creation, and the environment, from the collection of bottles to the production of each bolt of fabric. This Ground to Good™ story is shared with partner brands that purchase Thread fabric – a narrative that is then shared with end customers.