Disruptor Capital Makes Major Investment in Ledbury
As seen in The Washington Post
By Thomas Heath
Ledbury Clothing Company In Richmond Gets Funds From Pete Snyder’s Disruptor Capital
Pete Snyder’s Disruptor Capital, an Alexandria-based angel investment firm, has joined an estimated $5 million funding round aimed at boosting production for a Richmond-based clothing company co-founded by the son of former U.S. Sen. Paul Trible.
The company, Ledbury, whose headquarters is in a tobacco warehouse in a historical section of Richmond, intends to use the investment to help its e-commerce sales and increase its shirt production from about 65,000 this year to a goal of 100,000 in 2015.
Snyder was an early mover in the social media sector, creating New Media Strategies, a marketing firm that he sold for millions in 2007 to the Meredith Corp.
The deal comes amidst a brouhaha in Virginia over the use of state and Richmond funds for economic development.
“Ledbury is a red hot company with a great future,” said Snyder, a Republican who is considered to be a candidate for the GOP Virginia gubernatorial nomination in 2017. “This is a real economic and job-creating engine. These guys are adding jobs left and right. it is a true entrepreneurial success story.”
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