Estimated reading time: 1 minute, 33 seconds

Wisely, a philanthropic fundraising enablement platform that leverages AI to help nonprofits simplify and pursue donations more efficiently, today announced it has raised $1.15M USD in seed funding to expand its operations in North America. The round was led by Ripple Ventures with participation from Verstra Ventures and the Maple Leaf Angels. Founded by engineers, fundraisers and nonprofit software executives in response to organizational inefficiencies and archaic tools used in the sector, Wisely’s fundraising platform adapts to and integrates with existing donor data, and creates customized plans for the organization to optimize workflow and funds raised.  The philanthropic sector sees an estimated $440 billion raised each year across North America. 

“The fundraising industry is at a point of inflection as new technologies like AI revamp ineffective tools and tired models,” said Artiom Komarov, Co-Founder and CEO, Wisely.  “Today’s fundraisers aren’t always equipped with simple and effective tools to help them reach or scale their annual targets. With Wisely, fundraisers know the right actions to take so they can reach their fundraising goals more efficiently and run successful campaigns. We’re excited to help philanthropic organizations grow as  they are backed by great technology.” 

“Ripple is excited to lead Wisely’s seed investment round,” said Matt Cohen, Founder and Managing Partner, Ripple Ventures. “For the past decade, the nonprofit industry has remained unfazed by the digital software revolution, and in using AI technologies traditionally used for sales organizations, Wisely is helping fundraisers better target their benefactors. The founders’ strong domain expertise and understanding of user needs give us the confidence that they will move the industry in the right direction.”  

Wisely works with nonprofit organizations, educational institutions, foundations, and charities across North America including UNHCRSt. Joseph’s Health Centre Foundation, and Oakville Hospital Foundation

Read 1258 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline