What is Trio?
Trio was a well-regarded dining establishment in Narragansett, Rhode Island, celebrated for its raw bar, craft cocktails, and a diverse menu of fresh flavors presented in an inviting atmosphere. The restaurant was a staple for both local residents and tourists, offering a consistent and comforting dining experience throughout the year. As part of the Newport Restaurant Group, Trio's closure marked the end of an era for the location, with plans for a new venture, Celeste, to occupy the space. The establishment was known for its dependable hospitality and the memorable experiences it provided to its patrons.
How much funding has Trio raised?
Trio has raised a total of $339K across 2 funding rounds:
Debt
$150K
Debt
$189K
Debt (2020): $150K with participation from PPP
Debt (2021): $189K led by PPP
Key Investors in Trio
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Trio?
Given that Trio has permanently closed, the implications of its large-scale late-stage funding and major strategic investment are now viewed through a historical lens. The capital infusion, represented by $339K and $189K, likely supported operations, expansion efforts, or strategic initiatives during its active period. The company's transition from an operational entity to a closed establishment, with its location being repurposed by its parent group, suggests a complex business evolution. Future analysis would focus on the financial performance and strategic decisions that preceded its closure and the subsequent redevelopment of its physical space.
See full Trio company page
