How Much Did Groundwork Rhode Island Raise?
Funding & Key Investors

Groundwork Rhode Island has solidified its position as a pivotal force in urban revitalization, securing a total capital infusion of $53K. This latest financial milestone, characterized by $53K in substantial expansion capital, underscores the organization's growing influence in the regional social enterprise sector. By leveraging this investment, the firm is poised to scale its multifaceted approach to community health and economic resilience, marking a significant transition in its operational lifecycle.

What is Groundwork Rhode Island?

Groundwork Rhode Island
OrganizationsNon-Profit & Charitable OrganizationsConsumer Services

Groundwork Rhode Island operates at the intersection of environmental stewardship and workforce development. The organization functions as a comprehensive social enterprise, deploying specialized units such as GroundCorp for professional landscape design and maintenance, and the Green Team, which serves as a critical youth employment pipeline. Furthermore, the company addresses urban sustainability through its Harvest Cycle initiative, a bike-powered composting service that reduces waste while fostering local engagement. By prioritizing the employment of local residents and high school youth, Groundwork Rhode Island effectively bridges the gap between physical urban improvement and the creation of sustainable economic pathways for underserved populations.

How much funding has Groundwork Rhode Island raised?

Groundwork Rhode Island has raised a total of $53K across 1 funding round:

2021

Debt

$53K

Debt (2021): $53K with participation from PPP

Key Investors in Groundwork Rhode Island

PPP

Public-Private Partnership

What's next for Groundwork Rhode Island?

With the recent influx of capital, Groundwork Rhode Island is strategically positioned to broaden its service footprint across the state. The organization is expected to prioritize the scaling of its Green Team youth programs and the operational capacity of its GroundCorp division. As it moves deeper into its current growth phase, the focus will likely shift toward enhancing the efficiency of its composting infrastructure and deepening its impact on urban environmental equity. This expansion signals a robust commitment to long-term community resilience, ensuring that the organization remains a cornerstone of Rhode Island's sustainable development landscape.

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Frequently Asked Questions Regarding Groundwork Rhode Island Financial Insights

What are the most recent funding rounds that Groundwork Rhode Island has completed, and what were the funding rounds?
Groundwork Rhode Island has recently completed 1 funding rounds: Debt on Jan 26, 2021.
What is the total amount of funding Groundwork Rhode Island has raised to date?
Groundwork Rhode Island has raised a total of $53K in funding to date.
How many funding rounds has Groundwork Rhode Island completed?
Groundwork Rhode Island has completed 1 funding rounds.
How much funding did Groundwork Rhode Island raise in its most recent funding round?
Groundwork Rhode Island raised $53K in its most recent funding round.
Who are the lead investors in Groundwork Rhode Island's latest funding round?
The lead investor in Groundwork Rhode Island'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 Groundwork Rhode Island's history?
The largest funding round in Groundwork Rhode Island's history was $53K.
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