The Bethesda-based research services firm for non-profits and luxury brands WealthEngine, announced the raise of a $7 million round of funding this week.
The latest venture capital funding came from old and new investors with Streamlined Ventures and HKB Capital adding to a list including Novak Biddle Venture Partners.
“This investment round is yet another sign of the momentum that we are seeing in this market and a sign of confidence in the strategy we have embarked upon,” said Tony Glowacki, CEO of WealthEngine ” in a release from the company.
WealthEngine is very much a success story in applying Big Data to people and organizations to leverage information into business and non-profit success. It generally has had a lot of success in revenue, using capital investments as part of big pushes into new areas or growth. It may also reflect the growing competition in the Big Data arena as questions of analysis and useful predictions from the deluge of data available become more important.
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Bethesda, Research Services Firm, WealthEngine, Streamlined Ventures, HKB Capital, Novak Biddle Venture Partners, Tony Glowacki, Big Data.