# Thread Capital funding: rounds and investors

> Thread Capital has raised $5.0M across 1 round since 2023. Investors include NC IDEA and Community Development Financial Institutions Fund.

Source: https://millionrounds.com/company/thread-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Thread Capital*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services

Funding summary Updated 26 Oct 2026

**$5.0M** raised across 1 round since 2023, from 1 source

- **Latest round:** Grant, $5.0M Apr 2023
- **Investors:** 2

See who backed them

## The rounds

- **Apr 2023** Grant **$5.0M** [NC IDEA](https://millionrounds.com/fund/nc-idea) [Community Development Financial Institutions Fund](https://millionrounds.com/fund/community-development-financial-institutions-fund) Source recorded

## Founders and team

From Thread Capital's own website: 11 on the team.

- **Patrick Woodie** President & CEO
- **Racine Casper** Loan Operations Coordinator
- **Armeer Kenchen** Executive Director
- **Elizabeth Palmquist** Loan Operations Specialist
- **John Stokes** Principal
- **Juvencio Rocha-Peralta** Executive Director
- **Kim Graham** Community Development Officer
- **Kristin Perkins** Loan Production Manager
- **Malik Stagger** Loan Operations Specialist
- **Norma Wesson** Director of Operations and Servicing
- **Saquoia Spain** Loan Operations Manager

## Everyone who backed them

[NC IDEA](https://millionrounds.com/fund/nc-idea) VC firm **1** round

[Community Development Financial Institutions Fund](https://millionrounds.com/fund/community-development-financial-institutions-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=thread-capital).

## Quick answers about Thread Capital

### Who invested in Thread Capital?

Thread Capital's investors include NC IDEA and Community Development Financial Institutions Fund.

### How much has Thread Capital raised?

Thread Capital has raised $5.0M across 1 round since 2023.

### When did Thread Capital last raise?

Thread Capital's most recent round was a Grant of $5.0M in Apr 2023.

### What was Thread Capital's biggest round?

Its most recent round, $5.0M in Apr 2023, is also its largest on record.

### Who backed Thread Capital first?

Thread Capital's first round on record, in Apr 2023, was backed by NC IDEA and Community Development Financial Institutions Fund.

### What stage is Thread Capital at?

Thread Capital's latest named round is a Grant, in Apr 2023.

### Where is Thread Capital based?

Thread Capital is based in the United States.

## Companies like Thread Capital

In the same sector, and raised in the last eighteen months.

[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Platform Accounting Group** $355M · Oct 2026](https://millionrounds.com/company/platform-accounting-group)[**Ramp** $4.5B · Oct 2026](https://millionrounds.com/company/ramp)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app