What is REACH Prep?
REACH Prep is an organization dedicated to providing transformative educational experiences for underserved, high-achieving students, with the explicit goal of enabling them to graduate from top colleges and emerge as future leaders. The company's impact is evident in its impressive statistics: a 100% high school graduation rate among its scholars and a 90% college graduation rate within 4-6 years, substantially exceeding national averages. To ensure access to higher education, REACH Prep awards $11 million annually in need-based financial aid. Their comprehensive programs are meticulously designed to foster confidence and a robust academic foundation, cultivating a lifelong passion for learning in the students they serve.
How much funding has REACH Prep raised?
REACH Prep has raised a total of $385K across 2 funding rounds:
Debt
$150K
Debt
$235K
Debt (2020): $150K with participation from PPP
Debt (2021): $235K led by PPP
What's next for REACH Prep?
The substantial capital infusion, particularly the recent strategic investment, indicates REACH Prep is poised for significant scaling and program enhancement. This late-stage funding will likely be directed towards expanding outreach to more underserved communities, deepening academic support services, and potentially increasing the financial aid available to scholars. The focus on enabling students to attend and succeed at top colleges, coupled with leadership development, suggests a strategic expansion of mentorship programs and post-graduate support. This backing will be crucial in furthering REACH Prep's mission to cultivate the next generation of leaders from diverse backgrounds.
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