What is CHEER?
CHEER, Inc. is a dedicated provider of comprehensive services for seniors in Sussex County, boasting over five decades of experience. The organization offers a broad spectrum of support, including meal delivery, personal assistance, companionship, and transportation, all aimed at enhancing the quality of life and independence for seniors aged 50 and over. CHEER also operates multiple senior activity centers and provides vital programs such as adult day care and caregiver support. Beyond direct services, the company actively engages the community through events and volunteer initiatives, cultivating a robust and supportive environment for its members and their families.
How much funding has CHEER raised?
CHEER has raised a total of $1.4M across 2 funding rounds:
Debt
$350K
Debt
$1M
Debt (2020): $350K with participation from PPP
Debt (2021): $1M led by PPP
Key Investors in CHEER
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for CHEER?
The recent major strategic investment indicates CHEER is likely in a growth or expansion phase, potentially looking to scale its operations, enhance its service offerings, or broaden its geographical reach. This capital infusion will enable the company to further its mission of supporting seniors and their caregivers, possibly through technological advancements in service delivery or the development of new community programs. The focus on enterprise-level funding suggests a mature organization poised for significant impact and sustainability in the senior care sector.
See full CHEER company page
