We provided Thrive a $500,000 bridge loan in 2017. This allowed Thrive to continue offering personalized education over the course of the 2017-2018 school year. Upon tuition reimbursement from the State of California in June 2018, Thrive repaid their loan to Mission Driven Finance.
What They Do: Thrive Public Schools is an award-winning group of free public charter schools with a diverse student body from across San Diego. Thrive gets students college-prepared, career-inspired, and community-minded. Thrive is one of the top 100 Schools Worth Visiting and a National Model School for Next Generation Learning.
What They Stand For: Thrive provides high quality, 21st century education in a community that focuses on ensuring that every child is known, seen and valued.
Thrive aims to pioneer new educational systems for student success. They seek to inspire greater outcomes and expand the reach and futures for those who enter their doors.
Why We Invested: Our bridge loan allowed Thrive to keep growing while awaiting tuition reimbursements from the State of California. With our support, hundreds of students got to go on inspiring field trips that would have been cut, and teachers continued growing their abilities with professional development workshops.
- Impact SegmentAdvancing Formative Education
- Impact VehicleAdvance fund
- Investment Details$500,000 9 month bridge loan
- Impact GeographySan Diego
- LeadershipNicole Assisi
- Year Founded2014