About New Profit
New Profit is a company based in Boston (United States) founded in 1998. It operates as a Donation / Grant-Based. New Profit offers products and services including Funding and Support and Field Building.
- Headquarter Boston, United States
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Sectors
Education
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$24.19 M (USD), Grant
Aug 19, 2010
- Investors
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Employee Count
Employee Count
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Products & Services of New Profit
New Profit offers a comprehensive portfolio of products and services, including Funding and Support and Field Building. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Funding is provided to high-impact social entrepreneurs.
Cross-sector leadership is cultivated for systemic change.
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Funding Insights of New Profit
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $24.2M
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First Round
First Round
(19 Aug 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2010 | Amount | Grant - New Profit | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in New Profit
New Profit has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include AmeriCorps. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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AmeriCorps is operated as a government organization facilitating community service.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by New Profit
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - New Profit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
New Profit Comparisons
Competitors of New Profit
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about New Profit
When was New Profit founded?
New Profit was founded in 1998 and raised its 1st funding round 12 years after it was founded.
Where is New Profit located?
New Profit is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
What does New Profit do?
Support is extended to nonprofit organizations led by social entrepreneurs focused on expanding access and opportunity in America. Investments are made in critical areas such as education, economic mobility, democracy, and emergent issues like mental health and justice-impacted communities. Unrestricted capital, capacity-building support, and community access are offered to early-stage organizations. A cross-sector community of leaders is cultivated to influence philanthropy and drive systemic change.
What products or services does New Profit offer?
New Profit offers Funding and Support and Field Building.
Who are New Profit's investors?
New Profit has 1 investor. Key investors include AmeriCorps.