What is Soar365?
Soar365 is a nonprofit organization headquartered in Richmond, VA, committed to fostering independence and providing comprehensive support for individuals with disabilities. The organization offers a wide array of services, including pediatric therapy, adult day support, respite care, employment assistance, and specialized summer camps, reaching close to 2,100 individuals annually. Furthermore, Soar365 operates business solutions designed to employ individuals with disabilities, thereby enhancing their financial autonomy while simultaneously providing valuable services to local businesses. Their overarching goal is to empower people of all ages and abilities to navigate the complexities associated with living with a disability.
How much funding has Soar365 raised?
Soar365 has raised a total of $4M across 2 funding rounds:
Debt
$2M
Debt
$2M
Debt (2020): $2M with participation from PPP
Debt (2021): $2M led by PPP
What's next for Soar365?
The substantial enterprise-level financing indicates Soar365 is poised for significant scaling and program expansion. This capital infusion is expected to bolster their existing services, potentially enabling the development of new therapeutic or employment initiatives. The strategic nature of the recent investment suggests a focus on strengthening their business solutions arm and enhancing their capacity to serve a larger population. Future growth will likely involve deepening community partnerships and exploring innovative methods to further the financial independence and overall well-being of individuals with disabilities.
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