What is Hendrick House?
Hendrick House is a private, certified student housing facility strategically positioned near the University of Illinois' Engineering and Computer Science campuses in Urbana-Champaign. The company provides fully furnished accommodations featuring all-inclusive living, gourmet dining options, and a robust residential life program designed to foster academic success and a vibrant community. Catering to students from the University of Illinois and Parkland College, Hendrick House distinguishes itself through comprehensive services including weekly housekeeping, complimentary tutoring, and diverse recreational activities, positioning it as a premier choice for students seeking a supportive and engaging living environment.
How much funding has Hendrick House raised?
Hendrick House has raised a total of $1.8M across 2 funding rounds:
Debt
$350K
Debt
$1.5M
Debt (2020): $350K with participation from PPP
Debt (2021): $1.5M led by PPP
Key Investors in Hendrick House
PPP
Public-Private Partnership
What's next for Hendrick House?
The recent major strategic investment into Hendrick House signals a strong confidence in its operational model and market position. This capital infusion is likely to fuel further enhancements to its facilities, expansion of its service offerings, and potentially broader outreach to attract more students from the University of Illinois and Parkland College. The company's focus on providing a holistic student living experience, coupled with its prime location, positions it for sustained growth and continued success in the competitive student accommodation market.
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