Vee, a Tel Aviv, Israel-based startup developing an AI-driven platform for nonprofit management in the U.S., has pivoted and raised a $7 million seed funding round.
Investors
The round was led by TLV Partners, with participation from SOMV, Oryzn Capital, Meitav Dash, Disruption Ventures, and existing investors. The funding brings Vee's total investment to $21 million since its inception.
TLV Partners is an Israeli VC firm investing in early-stage startups and partnering with innovative entrepreneurs to build category-defining companies. Founded in 2015, the firm prefers to invest in artificial intelligence, cloud tech, data, cybersecurity, dev tools, e-commerce, fintech, health, property tech, and quantum sector firms based in Israel.
Vee Use of Funds
The company will use the funds to expand the development teams to increase the solutions offered to nonprofits, as well as to grow the sales and service teams in anticipation of the expected increase in customers.
About Vee
Founded in 2020 and led by May Piamenta, Vee specializes in creating dedicated AI Agents for nonprofits worldwide. The platform features two primary products: Maggie, a virtual assistant for creating, automating, and managing social media for organizations, and Grant, a tool for grant applications that boasts success rates comparable to those of human professionals. Within a year of the pivot, Vee already serves over 100 clients in the U.S., including well-known organizations such as the Network of Jewish Human Service Agencies, Cloud Veterans, PCOSAA, and Lights and Sirens.
Funding Details
Company: Vee Volunteers Ltd.
Raised: $7.0M
Round: Seed Round
Funding Month: July 2024
Lead Investors: TLV Partners
Additional Investors: SOMV, Oryzn Capital, Meitav Dash, Disruption Ventures
Company Website: https://vee.com/
Software Category: Grant and Social Media Management
Source: Ronny Hassid