About Tricycle
Tricycle is a company based in Chattanooga (United States) founded in 2002 by James Harrison and Michael Hendrix was acquired by Shaw Industries Group in October 2017.. Tricycle has raised $1.13 million across 5 funding rounds from investors including Shaw Industries Group, SunTrust Bank and SouthAppFund.
- Headquarter Chattanooga, United States
- Founders James Harrison, Michael Hendrix
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.13 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Shaw Industries Group
& 3 more
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Employee Count
Employee Count
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Acquired by
Shaw Industries Group
(Oct 12, 2017)
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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 Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(01 Jan 2002)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2009 | Amount | Series B - Tricycle | Valuation |
investors |
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| Jan, 2007 | Amount | Debt – Conventional - Tricycle | Valuation |
investors |
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| Jan, 2004 | Amount | Series A - Tricycle | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Equity capital is provided to small businesses in Appalachia.
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and businesses.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tricycle
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tricycle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tricycle Comparisons
Competitors of Tricycle
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Tricycle
When was Tricycle founded?
Tricycle was founded in 2002.
Where is Tricycle located?
Tricycle is headquartered in Chattanooga, United States. It is registered at Chattanooga, Tennessee, United States.
Is Tricycle a funded company?
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 Series A of $1.1M, raised on Jan 01, 2002.
What does Tricycle do?
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.
Who are Tricycle's investors?
Tricycle has 4 investors. Key investors include Shaw Industries Group, SunTrust Bank, SouthAppFund, and Northwest Georgia Bank.
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