What is Laces?
Laces operates on a foundational principle of community empowerment, partnering with local populations to foster holistic development for children. By integrating sports and mentorship, the organization invites communities to actively participate in shaping the future leaders within their midst. Coaches, who are integral members of the communities they serve, possess firsthand knowledge of prevalent social issues, enabling them to provide comprehensive support that extends beyond program hours. This deep engagement has led to significant social impact, including families fostering at-risk children and schools offering scholarships, thereby creating a robust platform to address critical societal challenges such as public health crises like Ebola, as demonstrated by their impactful work in Liberia.
How much funding has Laces raised?
Laces has raised a total of $18K across 1 funding round:
Debt
$18K
Debt (2021): $18K with participation from PPP
Key Investors in Laces
PPP
Public-Private Partnership
What's next for Laces?
With the recent infusion of moderate growth capital, Laces is strategically positioned to scale its impactful community-based initiatives. The Series A/B growth stage funding indicates a commitment to expanding its reach and deepening its services, likely focusing on enhancing program infrastructure, broadening mentorship networks, and potentially replicating its successful model in new regions. This investment will be crucial in sustaining and amplifying the transformation Laces brings to vulnerable children and their communities, further solidifying its role as a catalyst for positive social change.
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