Tech Company Financing Transactions
Big Wave Group Funding Round
Big Wave Group, based in Half Moon Bay, secured $12.5 million from Local Initiatives Support Corporation LISC.
Transaction Overview
Company Name
Announced On
7/11/2023
Transaction Type
Venture Equity
Amount
$12,500,000
Round
Undisclosed
Proceeds Purpose
Big Wave Group plans to utilize the LISC funds to complete the construction of a $30 million residence for adults with IDD to help address the severe housing crisis in San Mateo County. Additional funding will be supplied by the sale of residential memberships via a community housing cooperative, grants and private donations.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
350 Airport Street
Half Moon Bay, CA 94019
USA
Half Moon Bay, CA 94019
USA
Phone
Website
Email Address
Overview
The Big Wave Group is a non-profit organization dedicated to providing a vibrant intentional community for adults with intellectual and developmental disabilities. Residents living on the Big Wave campus--of different backgrounds, ability levels, and ages--will thrive in an environment that encourages social interaction, community engagement, and personal development, based on their individual needs and choices.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeff Peck
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Where The Data Comes From
We report on all VC transactions involving tech companies. VC investment data records reported here come from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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