What is New Memphis?
New Memphis is a civic organization dedicated to fostering a more prosperous and vital city by focusing on talent. The organization works to attract, develop, activate, and retain talent across various sectors, recognizing its essential role for business growth, governmental problem-solving, educational advancement, and community innovation. Their mission addresses the core need for skilled individuals to drive Memphis forward.
How much funding has New Memphis raised?
New Memphis has raised a total of $403K across 2 funding rounds:
Debt
$150K
Debt
$253K
Debt (2020): $150K with participation from PPP
Debt (2021): $253K led by PPP
What's next for New Memphis?
The substantial late-stage investment indicates New Memphis is poised for significant expansion and operational enhancement. This capital infusion will likely fuel initiatives aimed at scaling talent programs, broadening outreach, and strengthening partnerships across the city. The strategic nature of the recent financing suggests a focus on long-term impact and sustainable growth, positioning New Memphis to further solidify its influence on Memphis's economic and social landscape.
See full New Memphis company page
