How Much Did UTEC Raise?
Funding & Key Investors

UTEC has secured $350K in total capital, with its most recent funding round, a major strategic investment, bringing in $350K. This significant backing positions UTEC for continued growth and expansion of its impactful programs.

What is UTEC?

UTEC
OrganizationsNon-Profit & Charitable Organizations

Founded in 1999 by youth in Lowell, Massachusetts, UTEC is a non-profit organization dedicated to empowering disengaged young people, aged 17-25, to transition from cycles of violence and poverty to social and economic success. UTEC's nationally recognized model begins with intensive street outreach and gang peacemaking, meeting young people where they are. The organization provides up to three years of intensive case management, alongside workforce training through its social enterprises within a transitional employment framework. UTEC also offers alternative education pathways, including GED preparation and alternative diploma programs. Social justice and civic engagement are core components of all programming, with a particular emphasis on local and statewide organizing and policymaking efforts. UTEC's primary outcomes focus on reducing criminal involvement, increasing employability, and enhancing educational attainment, with a demonstrated recidivism rate significantly lower than the statewide average.

How much funding has UTEC raised?

UTEC has raised a total of $350K across 1 funding round:

2020

Debt

$350K

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

Key Investors in UTEC

PPP

Public-Private Partnership

What's next for UTEC?

With its recent strategic investment and substantial total capital, UTEC is poised to further its mission of igniting ambition in disengaged youth. The organization's focus on evidence-based data and its success in reducing recidivism, increasing employability, and improving educational attainment suggest a strategic expansion of its outreach and training programs. Future initiatives will likely involve scaling its successful social enterprises and deepening its policy and advocacy work to create broader systemic change for the young people it serves.

See full UTEC company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Organizations industry

Membership OrganizationsOrganizationsNon-Profit & Charitable Organizations
Membership OrganizationsOrganizations
Non-Profit & Charitable OrganizationsOrganizations
OrganizationsChurch Management

Frequently Asked Questions Regarding UTEC Financial Insights

What are the most recent funding rounds that UTEC has completed, and what were the funding rounds?
UTEC has recently completed 1 funding rounds: Debt on Apr 3, 2020.
What is the total amount of funding UTEC has raised to date?
UTEC has raised a total of $350K in funding to date.
How many funding rounds has UTEC completed?
UTEC has completed 1 funding rounds.
How much funding did UTEC raise in its most recent funding round?
UTEC raised $350K in its most recent funding round.
Who are the lead investors in UTEC's latest funding round?
The lead investor in UTEC'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 UTEC's history?
The largest funding round in UTEC's history was $350K.
See more information about UTEC