How Much Did UTEC Raise?
Funding & Key Investors

UTEC has secured $350K in total capital, with a recent strategic investment of $350K announced on April 3, 2020. This significant backing positions the organization for continued expansion and impact in its mission-driven endeavors.

What is UTEC?

UTEC
OrganizationsNon-Profit & Charitable Organizations

UTEC is a non-profit organization founded in 1999 with the core mission to empower disengaged young people, aged 17-25, to overcome cycles of violence and poverty. Operating in Lowell and Lawrence, Massachusetts, UTEC employs a nationally recognized model that begins with intensive street outreach and gang peacemaking. The organization provides comprehensive support, including up to three years of intensive case management, workforce training through social enterprises within a transitional employment framework, and alternative education pathways such as GED preparation or alternative diploma programs. Social justice and civic engagement are integral to all programming, with a strong 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 evidence-based data showing a recidivism rate for UTEC-enrolled youth averaging less than 15%, 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

What's next for UTEC?

The recent strategic investment signifies a critical phase of growth and development for UTEC, likely enabling the organization to scale its proven programs and reach a broader population of at-risk youth. This capital infusion is expected to bolster UTEC's capacity in workforce training, alternative education, and social justice initiatives, further solidifying its impact on reducing recidivism and improving socio-economic outcomes for young people in Massachusetts. The organization's commitment to data-driven results suggests a strategic deployment of these funds to maximize program effectiveness and sustainability.

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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.
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