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3 Latest Announced Rounds

$2,265.93M Raised in 95 Funding Rounds in the past 7 Days - View All

Funding Round Profile

P1 Ventures

investor
United States - Schenectady, NY
  • 24/11/2022
  • Unknown
  • $14,000,000

P1 Ventures is a diversified investment partnership that invests in and resources entrepreneurial leaders to help them build thriving companies. We believe that every great business is made up of high performing leaders who are dedicated to making someone's life a little better - we help in that process.

We invest across three primary platforms: Industrial, Venture and Real Estate.

Industrial: We love engineering and manufacturing firms that are growth starved, and have started several successful operations over the last eight years to meet emerging market needs in the Energy industry. We make equity investments and are interested in buy-outs as long as they are complementary to existing holdings.

Current Industrial Holdings:
1. P1 Industries, LLC

Venture: We make seed investments into promising start-ups with well balanced and high potential teams, a compelling value proposition that solves a real problem with access to a well defined customer segment. We will look at both high tech and non-high tech start-ups and will apply particular emphasis to the team.

Current Venture Investments:
1. POMCO, Inc. (www.pom-co.com)
2. Echovate, Inc. (www.echovate.com)
3. ARC Angel Fund II (www.arcangelfund.com)
4. Eastern New York Angels - ENYA II - (www.easternnyangels.com)

Real Estate: We love real estate in older industrial cities that have a re-emerging economic vitality and where properties can be re-purposed to mixed use spaces. We particularly like older industrial buildings that can be re-purposed to high tech offices supporting a start-up culture with urban living.

Current Holdings:
1. Schenectady, NY


Related People

David W. DussaultFounder

David W. Dussault United States - Schenectady, New York

Passionate Founder CEO building a diversified industrial company with a mission of revitalizing American manufacturing by helping global OEM's design and deliver engineered products that power, protect and propels our world.

We create, buy and build manufacturing and related technology companies with a relentless focus on empowering the next generation workforce, lean manufacturing and customer service.

I am personally passionate about the following challenges:

1. Hiring and inspiring the next generation manufacturing workforce;

2. Investing in new industrial 'frontier' technologies;

3. Building mission-driven companies; and

4. Driving operating excellence with world-class service and profitability through Lean.

For the past 50 years, our country has torn down factories and shipped jobs overseas. I believe that a thriving nation has a strong manufacturing sector - laying the industrial foundation to create incredible middle class jobs, to become a net exporter of goods and to usher in the next era of technology driven manufacturing.

At P1 Ventures, we have reversed that shutdown trend by creating and building 3 new manufacturing companies over the last 15 years, in Schenectady. We are accelerating that growth with a vision to create 10 more companies, new factories and hundreds of jobs over the next 5 years.