What is WizeHive?
WizeHive operates a secure, cloud-based platform named ZengineTM, complemented by extensive industry-leading services and support tailored for mission-based organizations. The Zengine platform is highly configurable, allowing it to be adapted to unique processes, objectives, and goals. It facilitates the complete lifecycle management of grants, scholarships, fellowships, and other similar programs, positioning WizeHive as a key technology provider for organizations managing complex funding and program administration.
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, with a focus on B2B Enterprise SaaS and hardware sectors. They provide boutique consulting services to early-stage technology companies.
Gabriel Investments
Gabriel Investments is an investment group focused on supporting high-potential businesses in the Philadelphia region, particularly early-stage technology companies that are post-revenue. They offer advisory services beyond financial investment.
Mid-Atlantic Angel Group
The Mid-Atlantic Angel Group Funds aim to bridge the gap between angel and institutional venture capital funding in the Greater Philadelphia Region, offering diversified venture capital investments and opportunities for active involvement.
What's next for WizeHive?
The substantial enterprise-level capital infusion suggests WizeHive is poised for significant scaling and market expansion. This strategic investment will likely fuel further platform development, enhance service offerings, and broaden its reach within the mission-based organization sector. The company's focus on configurable solutions for grant and program management indicates a strategic direction towards solidifying its position as a leader in this niche, potentially exploring new verticals or deepening its existing market penetration.
See full WizeHive company page
