How Much Did Red Hook Hub Raise?
Funding & Key Investors

Red Hook Hub has secured significant enterprise-level funding, with a total capital infusion of $978K. The most recent financing round, a major strategic investment, brought in $628K, underscoring continued confidence in the organization's mission. This latest backing was finalized on March 29, 2021.

What is Red Hook Hub?

Red Hook Hub
Media & InternetData Collection & Internet PortalsOrganizations

The Red Hook Hub, a project of the Red Hook Initiative, operates as a public communication system designed to connect, inform, and engage residents and stakeholders within the Red Hook community. It facilitates the sharing and access of neighborhood information through both online platforms and physical bulletin board locations, strategically placed at the Brooklyn Public Library Red Hook Branch and The Miccio Community Center. Developed in the wake of Hurricane Sandy by a coalition of local organizations and residents, the Hub serves as a vital information conduit, collecting and displaying community-relevant news and events during both crisis and non-crisis conditions. Its participatory content model allows anyone to post information, while official content is managed by the Hub coordinator and community partners, ensuring a curated flow of the most pressing and relevant community news.

How much funding has Red Hook Hub raised?

Red Hook Hub has raised a total of $978K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$628K

Debt (2020): $350K with participation from PPP

Debt (2021): $628K led by PPP

Key Investors in Red Hook Hub

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Red Hook Hub?

The substantial enterprise-level funding and recent strategic investment indicate a strong commitment to the Red Hook Hub's ongoing development and community impact. This capital infusion is likely to support the expansion of its communication infrastructure, enhance digital and physical outreach efforts, and potentially broaden its operational scope to serve more community needs. The organization's focus on participatory content and crisis communication positions it as a resilient and essential resource, suggesting future growth will involve strengthening its role as a central information hub for Red Hook residents and stakeholders, fostering greater community cohesion and preparedness.

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Frequently Asked Questions Regarding Red Hook Hub Financial Insights

What are the most recent funding rounds that Red Hook Hub has completed, and what were the funding rounds?
Red Hook Hub has recently completed 2 funding rounds: Debt on Mar 29, 2021, Debt on Apr 15, 2020.
What is the total amount of funding Red Hook Hub has raised to date?
Red Hook Hub has raised a total of $978K in funding to date.
How many funding rounds has Red Hook Hub completed?
Red Hook Hub has completed 2 funding rounds.
How much funding did Red Hook Hub raise in its most recent funding round?
Red Hook Hub raised $628K in its most recent funding round.
Who are the lead investors in Red Hook Hub's latest funding round?
The lead investor in Red Hook Hub'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 Red Hook Hub's history?
The largest funding round in Red Hook Hub's history was $628K.
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