Today the Triangle Tweener Fund (Tweener Fund) announced the results of the first quarter of 2023.
In partnership with DreamTen, a local design agency, we have launched a comprehensive new website at https://www.tweenerfund.com. The new site features an updated 2023 ‘Triangle Tweener Fund pitch’ video, a complete searchable portfolio database, and more.
Note: The Tweener Fund is actively seeking investors (limited partners/LPs), we have a $20k minimum commitment (lowest in the triangle by 10x) and only accredited investors, details on the site.
In addition to launching the new website, Tweener Fund made 12 new investments:
10 new portfolio companies (two investments were follow-on investments)
$675k invested across the 12 investments
9 were Tweener investments (companies above $1M in revenue or 10+ employees)
3 were Pre-Tweener investments
$56,250 average investment
$2.6m average round size
$19.4m average pre-money valuation
Number of investments by instrument:
SAFE: 7 (58%)
Convert: 3 (25%)
Priced Round: 2 (17%)
134 investors (LPs) — up from 128 in Q4 (+6)
More details including complete company details are available here.
