With more than one million transactions per month, WizeHive strengthens team and adds local investment
WizeHive, a productivity tool that makes it easy for anyone to build and deploy powerful online business applications, is pleased to announce the closing of a seed round from Philadelphia’s growing venture capital community, and the addition of a Gabriel Weinberg, founder and CEO of search engine Duck Duck Go to the board. Mr. Weinberg will join Dr. Michael Zisman, former CEO of Lotus Development (Lotus Notes), as investors and board members of WizeHive.
WizeHive kicked off 2013 announcing that 2012 revenues nearly doubled, fueled by a 95% year-over-year renewal rate of its current customer base. The company is now processing over one million activities a month for clients that include Discovery Communications, The Smithsonian, the Canadian Red Cross, CEA, Northwestern University, Global Health Corp, F&W Media and the American Humane Society.
“This is a very exciting time for us. We are experiencing tremendous growth and customer satisfaction, which continues to validate WizeHive’s value proposition – that we can make it easy for organizations to streamline and automate their business processes while increasing online engagement with customers, employees and others that matter most to their organization,” said Michael Levinson, CEO of WizeHive. “Adding Gabriel Weinberg to our board adds to a dynamic and talented team we have been building and we are honored to have him aboard”.
“WizeHive has begun to carve out a niche for itself in the enterprise app marketplace as a leader in group productivity tools, especially in instances where the collaboration needs to occur around data”, said Gabriel Weinberg, CEO of Duck Duck Go, “I am glad to be able to add additional value and insights to help them grow.”
WizeHive’s seed round included investments from Gabriel Investments and Goldin Ventures. Gabriel Investments focuses on accelerating the growth of early-stage companies in the Philadelphia area. The fund, established by Richard Vague and Scott Tarte of noteworthy success in both the energy and financial sectors, also includes Jonathan Brassington, Founder and CEO of LiquidHub , who will be helping WizeHive explore enterprise opportunities: “At LiquidHub, we work with hundreds of large corporations that deal with online database and workflow processes every day and we see a real opportunity for WizeHive in that market”, said Mr. Brassington.
“As a software veteran, it is exciting to see companies such as WizeHive put all the key elements for enterprise use together in a user-friendly, versatile and robust package,” said Dr. Zisman, “I am thrilled to be part of this team”.
WizeHive is also getting ready to roll out an updated version of the WizeHive platform. The new platform will include a powerful API and has been designed to enable users to quickly customize and deploy tailored business applications including forms, workflows, and automated tasks without any programming knowledge. Currently in beta, the new platform can be accessed at https://beta.wizehive.com.