What is River Docks?
River Docks Inc. operates as a comprehensive barge and material handling facility situated along the Illinois River. The company offers a suite of services including barge rentals, contract towing, dock repairs, excavating, and stevedoring. Extending its operational reach from Hennepin to Chicago along the Illinois River, River Docks also integrates rail services to bolster its material handling capabilities. Its primary terminal is strategically located at mile 222 on the Illinois River, a key artery for commerce and transportation.
How much funding has River Docks raised?
River Docks has raised a total of $1.2M across 2 funding rounds:
Debt
$350K
Debt
$824K
Debt (2020): $350K with participation from PPP
Debt (2021): $824K led by PPP
Key Investors in River Docks
PPP
Public-Private Partnership
PPP
Public-Private Partnership
Undisclosed Investors
What's next for River Docks?
The recent major strategic investment into River Docks signals a period of accelerated growth and potential service expansion. This capital infusion is likely to enhance operational efficiencies, potentially broaden the company's service area, or facilitate upgrades to its infrastructure and fleet. As a full-service provider in a critical logistics corridor, River Docks is well-positioned to leverage this backing for increased market share and to solidify its role in regional supply chains.
See full River Docks company page
