How Much Did Pacesetters Raise?
Funding & Key Investors

Pacesetters, a long-standing pillar in the Tennessee social services sector, has successfully secured a significant capital injection to bolster its operational capacity. The organization, which has been dedicated to supporting individuals with developmental disabilities since 1971, recently finalized a major strategic investment totaling $1.1M. This latest infusion of capital brings the organization's cumulative financial backing to $2.1M, reflecting a sustained commitment to enhancing residential and day services across its 14-county service area.

What is Pacesetters?

Pacesetters
OrganizationsNon-Profit & Charitable OrganizationsHealthcare Services

Operating as a private not-for-profit entity, Pacesetters occupies a critical niche in the regional healthcare and social support landscape. By providing comprehensive residential and day programs, the organization facilitates the integration of individuals with severe disabilities into their local communities. Their operational model is built upon the philosophy of enlightened inclusion, ensuring that those with developmental challenges receive the necessary support to maintain a productive and humane lifestyle. As a mature organization with over five decades of history, Pacesetters leverages its deep community roots to deliver specialized care that addresses the complex needs of families and individuals alike.

How much funding has Pacesetters raised?

Pacesetters has raised a total of $2.1M across 2 funding rounds:

2020

Debt

$1M

2024

Debt

$1.1M

Debt (2020): $1M with participation from PPP

Debt (2024): $1.1M led by Bank of America

Key Investors in Pacesetters

Bank of America

A global financial institution providing comprehensive banking and credit solutions to support organizational growth and capital stability.

PPP

Public-Private Partnership

What's next for Pacesetters?

With the recent procurement of debt-based financing, Pacesetters is positioned to optimize its service delivery infrastructure and expand its reach within Tennessee. The strategic allocation of these funds will likely focus on scaling residential capacity and upgrading existing facilities to meet the evolving demands of the disability services sector. By maintaining a focus on community-based care, the organization aims to solidify its role as a primary provider of social support, ensuring long-term sustainability and the continued empowerment of the populations it serves. Future growth will likely center on operational efficiency and the enhancement of service quality to maintain its high standards of care.

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Frequently Asked Questions Regarding Pacesetters Financial Insights

What are the most recent funding rounds that Pacesetters has completed, and what were the funding rounds?
Pacesetters has recently completed 2 funding rounds: Debt on Sep 30, 2024, Debt on Apr 27, 2020.
What is the total amount of funding Pacesetters has raised to date?
Pacesetters has raised a total of $2.1M in funding to date.
How many funding rounds has Pacesetters completed?
Pacesetters has completed 2 funding rounds.
How much funding did Pacesetters raise in its most recent funding round?
Pacesetters raised $1.1M in its most recent funding round.
Who are the lead investors in Pacesetters's latest funding round?
The lead investor in Pacesetters's latest funding round was Bank of America. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Pacesetters's history?
The largest funding round in Pacesetters's history was $1.1M.
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