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.