How Much Did Backworks Raise?
Funding & Key Investors

Backworks, a physical therapy and wellness provider based in St. Charles, Illinois, has secured $45K in total funding, with its most recent financing round bringing in $45K. This substantial expansion capital injection signifies a significant Series B/C stage for the company, indicating a period of accelerated growth and strategic development in the competitive healthcare services market.

What is Backworks?

Backworks
Healthcare ServicesMental Health & Rehabilitation Facilities

Founded in 1993, Backworks specializes in personalized one-on-one rehabilitation and wellness services. The clinic offers comprehensive treatment for a wide array of conditions, including orthopaedic, sports medicine, post-surgical, and work-related issues. Emphasizing thorough patient evaluations and effective treatment plans, Backworks is distinguished by its owner-operator model, being Physical Therapist-led. The company also focuses on patient education through home exercise programs to foster long-term health and prevent recurrence of issues. Furthermore, Backworks contributes to the professional development of the field by serving as an internship site for physical therapy students from local universities.

How much funding has Backworks raised?

Backworks has raised a total of $45K across 1 funding round:

2021

Debt

$45K

Debt (2021): $45K with participation from PPP

What's next for Backworks?

With the recent influx of substantial expansion capital, Backworks is poised for significant strategic advancement. This financing is expected to fuel initiatives aimed at scaling operations, potentially expanding service offerings, and enhancing its market presence within Illinois and beyond. The company's focus on personalized care and its established reputation suggest a trajectory towards solidifying its position as a leading provider of physical therapy and wellness services, leveraging this investment to drive innovation and operational efficiency.

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Frequently Asked Questions Regarding Backworks Financial Insights

What are the most recent funding rounds that Backworks has completed, and what were the funding rounds?
Backworks has recently completed 1 funding rounds: Debt on Jan 21, 2021.
What is the total amount of funding Backworks has raised to date?
Backworks has raised a total of $45K in funding to date.
How many funding rounds has Backworks completed?
Backworks has completed 1 funding rounds.
How much funding did Backworks raise in its most recent funding round?
Backworks raised $45K in its most recent funding round.
Who are the lead investors in Backworks's latest funding round?
The lead investor in Backworks's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Backworks's history?
The largest funding round in Backworks's history was $45K.
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