What is WizeHive?
WizeHive provides a robust, secure cloud-based platform known as Zengine. This highly configurable software-as-a-service (SaaS) solution is specifically engineered to assist mission-based organizations in managing complex workflows. By offering comprehensive, industry-leading services and support, WizeHive enables the full lifecycle management of grants, scholarships, and fellowships. The platform's architecture allows for deep customization, ensuring that clients can align the software with their unique operational goals and organizational objectives. As a result, WizeHive has established itself as a critical partner for entities requiring precision and scalability in their administrative processes.
How much funding has WizeHive raised?
WizeHive has raised a total of $3.8M across 4 funding rounds:
Private Equity
$980K
Angel/Seed
$1M
Other Financing Round
$1.5M
Debt
$350K
Private Equity (2010): $980K, investors not publicly disclosed
Angel/Seed (2013): $1M led by Goldin Ventures and Gabriel Investments
Other Financing Round (2013): $1.5M supported by Goldin Ventures, Mike Zisman, Gabriel Investments, Gabriel Weinberg, and Mid-Atlantic Angel Group
Debt (2020): $350K featuring PPP
Key Investors in WizeHive
Goldin Ventures
Goldin Ventures is a family office that invests in early-stage companies, primarily in the Mid-Atlantic region. Their portfolio focuses on technology firms in the B2B Enterprise SaaS and hardware sectors, specifically those that are at the post-revenue stage.
Gabriel Investments
Gabriel Investments is an investment group focused on supporting high-potential businesses in the Philadelphia region, leveraging their expertise to assist in developing hiring plans, financial models, and strategic partnerships.
Mid-Atlantic Angel Group
The Mid-Atlantic Angel Group aims to bridge the gap between angel funding and institutional venture capital, offering investors the chance to engage in diversified venture capital investments across the Mid-Atlantic region.
What's next for WizeHive?
Looking ahead, WizeHive is positioned to leverage its recent capital injection to further enhance the Zengine platform's capabilities. By focusing on product innovation and market expansion, the company aims to deepen its penetration into the non-profit and academic sectors. The strategic allocation of these funds will likely prioritize the development of advanced automation features and improved data analytics, ensuring that WizeHive remains at the forefront of grant management technology. As the company continues to scale, its focus on providing tailored, mission-critical support will remain the cornerstone of its long-term growth strategy.
See full WizeHive company page
