How Much Did Passageways Raise?
Funding & Key Investors

Passageways, an organization dedicated to providing temporary housing and supportive services to military veterans experiencing homelessness, has secured $30K in total financing, with a recent capital infusion of $30K. This substantial expansion capital marks a significant stage in the organization's growth trajectory, underscoring its commitment to aiding veterans in regaining independence and dignity.

The latest financial activity, a $30 million debt financing round on February 27, 2021, contributed to the overall investment in Passageways' mission. This financing event occurred during what is described as a significant Series B/C stage for the organization, indicating a period of scaling operations and expanding reach.

What is Passageways?

Passageways
OrganizationsNon-Profit & Charitable OrganizationsChurch Management

Passageways operates with a core mission rooted in Christian principles, aiming to offer shelter, food, and hope to veterans facing homelessness. The organization distinguishes itself by providing not just temporary housing but also comprehensive supportive services, fostering an environment conducive to individual healing and the restoration of independence. A key aspect of Passageways' operational model involves close collaboration with local veteran agencies, ensuring a holistic approach to addressing the complex needs of the veteran community. Their reliance on private donations and volunteer support highlights a community-driven strategy to impact the lives of those they serve.

How much funding has Passageways raised?

Passageways has raised a total of $30K across 1 funding round:

2021

Debt

$30K

Debt (2021): $30K with participation from PPP

What's next for Passageways?

The substantial expansion capital secured by Passageways positions the organization for significant operational scaling and enhanced service delivery. As the company navigates its Series B/C stage, strategic deployment of these funds is anticipated to broaden its geographical footprint and deepen its impact within veteran communities. Future initiatives will likely focus on strengthening partnerships with veteran support networks and potentially developing new programs to address emerging challenges faced by homeless veterans. The organization's continued reliance on community involvement suggests a strategy that integrates external support with internal growth, aiming for sustainable long-term success in its mission.

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Frequently Asked Questions Regarding Passageways Financial Insights

What are the most recent funding rounds that Passageways has completed, and what were the funding rounds?
Passageways has recently completed 1 funding rounds: Debt on Feb 27, 2021.
What is the total amount of funding Passageways has raised to date?
Passageways has raised a total of $30K in funding to date.
How many funding rounds has Passageways completed?
Passageways has completed 1 funding rounds.
How much funding did Passageways raise in its most recent funding round?
Passageways raised $30K in its most recent funding round.
Who are the lead investors in Passageways's latest funding round?
The lead investor in Passageways's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Passageways's history?
The largest funding round in Passageways's history was $30K.
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