About Tricycle
Tricycle is a company based in Chattanooga (United States) founded in 2002 by James Harrison and Michael Hendrix, and was acquired by Shaw Industries Group in October 2017. Design services are provided by Tricycle to various clients. Tricycle has raised $1.13 million across 5 funding rounds from investors including Shaw Industries Group, SunTrust Bank and SouthAppFund.
Company details
Tricycle was founded in 2002 by co-founders James Harrison and Michael Hendrix in Chattanooga, United States. Design services are offered by the company, with operations centered in the design sector. Focus is placed on delivering tailored designing solutions from its base in the United States. The firms activities are managed through its online presence at tricycleinc.com, supporting client needs in professional design applications.
- Headquarters Chattanooga, United States
- Founders James Harrison, Michael Hendrix
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website tricycleinc.com
- Social LinkedIn
- Acquired by Shaw Industries Group (Oct 2017)
- Total Equity Funding$1.13M (USD)
in 5 rounds
- InvestorsShaw Industries Group
& 3 more
- Acquired byShaw Industries Group
(Oct 2017)
Funding Insights of Tricycle
Tricycle has successfully raised a total of $1.13M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.13M
- Total Rounds 5
- First Round $25,000
(Jan 2002)
- Investors Count 3
All 5 funding rounds of Tricycle with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2009 | Series B | – | – | ||
| Jan 2007 | $550,000 | Debt – Conventional | – | – | |
| Jan 2004 | $1.1M | Series A | – | – | |
| Jan 2003 | $500,000 | Debt – Conventional | – | – | |
| Jan 2002 | $25,000 | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in Tricycle
Tricycle has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Shaw Industries Group, SunTrust Bank and SouthAppFund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Equity capital is provided to small businesses in Appalachia. | 2003 | southappfund.com | London, United States | |
Commercial banking services are offered to individuals and businesses. | 1891 | suntrust.com | Atlanta, United States | |
| northwestgabankonline.com | ||||
Brand of carpets and rugs | 1967 | shawinc.com | Dalton, United States |
Investor details for Tricycle
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Tricycle
2 people are tracked at Tricycle (2 in leadership).
| Name | Role | Group |
|---|---|---|
James Harrison | Co-Founder | Leadership |
Michael Hendrix | Co-Founder | Leadership |
Complete people profiles for Tricycle
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Tricycle
4 dated milestones of Tricycle across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Tricycle is founded.
- Funding First funding round of $25K.
- Funding Latest funding round, Series B,.
- Exit Acquired by Shaw Industries Group.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Tricycle
Tricycle was founded in 2002.
Tricycle is headquartered in Chattanooga, United States. It is registered at Chattanooga, Tennessee, United States.
Tricycle is a funded company, having raised a total of $1.13M across 5 funding rounds to date. The company's 1st funding round was a Seed of $25K, raised on Jan 2002.
Tricycle was founded in 2002 by co-founders James Harrison and Michael Hendrix in Chattanooga, United States. Design services are offered by the company, with operations centered in the design sector. Focus is placed on delivering tailored designing solutions from its base in the United States. The firms activities are managed through its online presence at tricycleinc.com, supporting client needs in professional design applications.
Tricycle has 4 investors. Key investors include Shaw Industries Group, SunTrust Bank, SouthAppFund, and Northwest Georgia Bank.
Yes. Tricycle was acquired by Shaw Industries Group in October 2017.