What is Local Pride?
Local Pride is a well-established heating oil supplier with over three decades of experience, serving the Tri-City and Southern Foothills regions of New Hampshire and Maine. The company offers a range of products including #2 Fuel, Blended Fuel, K-1 Kerosene, and On-Road Diesel Fuel. Their business model emphasizes exceptional customer service, fostering a family-like relationship with clients and guaranteeing reliable, often next-day, deliveries. While not positioning itself as the cheapest option, Local Pride focuses on providing comfort and convenience, supported by various discounts for seniors and veterans, and automatic billing solutions. This customer-centric approach has solidified its market presence.
How much funding has Local Pride raised?
Local Pride has raised a total of $75K across 1 funding round:
Debt
$75K
Debt (2024): $75K with participation from First Seacoast Bank
Key Investors in Local Pride
First Seacoast Bank
First Seacoast Bank is a financial institution likely providing debt financing, supporting Local Pride's expansion and operational needs through its lending services.
What's next for Local Pride?
The recent influx of substantial expansion capital at a Series B/C stage suggests Local Pride is poised for significant operational scaling and market penetration. This strategic financing will likely be directed towards enhancing delivery infrastructure, expanding service areas, and potentially diversifying its fuel offerings or related home comfort services. The company's commitment to customer service, coupled with this financial backing, positions it for sustained growth and increased market share in the competitive energy supply landscape.
See full Local Pride company page
