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Tress Capital, LLC is a venture capital firm established in 2013 and headquartered in New York, NY. The firm focuses on strategic investments within the cannabis industry, aiming to create both economic and social impact through responsible investment practices. Tress Capital has built a diverse portfolio that spans various sectors, including consumer products, biotech, software, and AgTech.
As of now, Tress Capital manages a portfolio of 10 companies and has made investments across multiple stages, from pre-seed to Series C. The firm operates primarily in North America, positioning itself as a key player in the rapidly evolving cannabis market. Notable milestones include successful exits from companies like SC Labs and WasteTrakr, showcasing the firm’s ability to identify and support high-potential startups.
Tress Capital invests in a variety of sectors within the cannabis industry, including consumer products, biotech, software, and AgTech. The firm supports companies at different stages of development, from early-stage startups to those that are publicly traded. Investment stages include pre-seed, seed, seed-plus, Series A, Series B, and Series C, allowing Tress Capital to engage with businesses as they grow and evolve.
The firm emphasizes responsible investment practices, aiming to foster both economic and social impact. Tress Capital seeks founders who are committed to making a difference in the cannabis space and who demonstrate a clear vision for their companies. The firm’s investment strategy is designed to support innovative solutions that address the unique challenges and opportunities within the cannabis industry.
Tress Capital's portfolio includes a diverse range of companies that reflect its focus on the cannabis sector. Notable portfolio companies include:
David Hess: Founder and President of Tress Capital, David has extensive experience in venture capital and the cannabis industry. He has been instrumental in shaping the firm’s investment strategy and portfolio.
Asher Troppe: Founder and CEO, Asher brings a wealth of knowledge in business development and investment management. His leadership has been key to Tress Capital's growth and success in the cannabis sector.
Startups interested in pitching to Tress Capital should use the contact form available on their website at tresscapital.com/contact. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. Response times may vary, so founders should be prepared for potential follow-up discussions.
As of October 2023, Tress Capital continues to expand its portfolio within the cannabis industry, focusing on strategic investments that align with its mission of creating economic and social impact. The firm has successfully exited from notable companies such as SC Labs and WasteTrakr, demonstrating its ability to identify high-potential startups.
Recent activity includes ongoing support for portfolio companies like Highsman and Omura, which are making strides in the cannabis consumer products market. Tress Capital remains committed to responsible investment practices, contributing to the growth of the cannabis ecosystem.
What are Tress Capital's investment criteria?
Tress Capital invests in companies within the cannabis industry, focusing on sectors such as consumer products, biotech, software, and AgTech. The firm supports businesses at various stages, from pre-seed to Series C.
How can startups apply or pitch to Tress Capital?
Startups can pitch to Tress Capital through their website contact form at tresscapital.com/contact. It is advisable to include a detailed business plan and financial projections in the pitch.
What makes Tress Capital different from other venture capital firms?
Tress Capital emphasizes responsible investment practices and aims to create both economic and social impact within the cannabis industry. Their focus on diverse sectors and stages of investment sets them apart.
What is Tress Capital's geographic scope?
The firm primarily operates in North America, targeting the rapidly growing cannabis market across the region.
What is Tress Capital's post-investment involvement like?
Tress Capital actively engages with its portfolio companies, providing support and resources to help them grow. This includes mentorship and operational guidance.
What is the typical check size for investments made by Tress Capital?
While specific check sizes are not disclosed, Tress Capital invests across various stages, indicating flexibility in their funding approach based on the needs of the startup.
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