Hanger Network gets $10M boost for coat hanger campaigning
Few are aware of the looming issue of coat hanger pollution. Yet there they are, lying in heaps, projecting up from overburdened landfills, their anonymous, identical tops crooked into a single a questioning pose: Why? Why so much hanger waste?
Coming to the rescue is Hanger Network In-Home Media, which promotes biodegradable updates of the basic design Thomas Jefferson introduced in the early days of our country. The company, which promotes and sells biodegradable hangars to dry cleaners, clothing designers and others, has received a second round of funding.
The $10 million investment was first reported by VentureWire. The round was led by ABS Ventures, with participating from Sigma Partners and Kodiak Venture Partners. The New York-based company has raised $8 million to date.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.