How Much Did Development Centers Raise?
Funding & Key Investors

Development Centers, a Detroit-based organization focused on comprehensive support services, has secured $2M in total capital, with a recent strategic investment of $2M. This financing underscores the organization's significant role in community development and its recent merger to form the new entity, MiSide.

What is Development Centers?

Development Centers
OrganizationsNon-Profit & Charitable OrganizationsHealthcare Services

Development Centers provides critical support services for children, adults, and families in Detroit, Michigan. Their programs span mental health, early childhood development, and adult employment training, all aimed at fostering healthier and more prosperous lives within the community. The organization's commitment to inclusivity ensures accessibility regardless of background or financial standing. Recently, Development Centers merged with Southwest Solutions to establish MiSide, a consolidated entity designed to amplify its service reach and impact.

How much funding has Development Centers raised?

Development Centers has raised a total of $2M across 1 funding round:

2020

Debt

$2M

Debt (2020): $2M with participation from PPP

Key Investors in Development Centers

PPP

Public-Private Partnership

What's next for Development Centers?

The recent strategic investment and the formation of MiSide signal a new phase of growth and enhanced service delivery for Development Centers. This consolidation and capital infusion are expected to bolster their capacity to address complex community needs, particularly in mental health and workforce development. The focus will likely remain on expanding access to essential programs and driving long-term success for the individuals and families they serve in the Detroit area.

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Frequently Asked Questions Regarding Development Centers Financial Insights

What are the most recent funding rounds that Development Centers has completed, and what were the funding rounds?
Development Centers has recently completed 1 funding rounds: Debt on Apr 28, 2020.
What is the total amount of funding Development Centers has raised to date?
Development Centers has raised a total of $2M in funding to date.
How many funding rounds has Development Centers completed?
Development Centers has completed 1 funding rounds.
How much funding did Development Centers raise in its most recent funding round?
Development Centers raised $2M in its most recent funding round.
Who are the lead investors in Development Centers's latest funding round?
The lead investor in Development Centers'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 Development Centers's history?
The largest funding round in Development Centers's history was $2M.
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