Charrette Venture Group invests in Propel Studio and plans for growth
DES MOINES, IA and PORTLAND, OR – October 20, 2015 – Today, Charrette Venture Group (CVG) (charrettevg.com), a venture group focused on supporting and enabling entrepreneurial architects and designers, and Propel Studio (propelstudio.com), a Portland-based architecture firm, announced that they have formed a new partnership designed to spawn significant growth in the emerging small firm.
Founded in 2013, Propel Studio is a community oriented architecture and design firm that collaborates with creative, inspiring people and organizations. They look to the triple bottom line – environment, economics, and people – to create unique and inspiring solutions for each design challenge.
Propel has worked on a wide range of residential and commercial projects including: Modo Yoga Portland, Tea Bar cafe, Lents Story Yard art installation, the XOXO Festival, a community center for The Rosewood Initiative, a series of street seats throughout the city, and many Accessory Dwelling Units and custom modern homes. Principal and co-owner Nick Mira holds a Bachelor of Architecture degree from Wentworth Institute of Technology in Boston and is a LEED accredited professional. Co-owner Lucas Gray has a Bachelor of Architecture from McGill University in Montreal, Canada and a Master of Architecture degree from the University of Oregon. He is also a LEED accredited professional.
"Our relationship with Charrette Venture Group allows us to build a stronger business at a much faster pace," said Mira. "This helps us continue to grow while remaining focused on serving our clients."
"I am thrilled," said Todd L. Reding, Chief Operations Officer and Vice President for Investments at Charrette Venture Group. "Propel Studio is an innovative firm that will definitely soar to new heights. I am glad CVG can be a part of their future."
Charrette Venture Group is a global venture firm based in Grinnell, Iowa, that invests in small and growing design firms. They specialize in helping these firms reach new heights by investing capital, resources and services to overcome common challenges.