WealthEngine Closes a $7M Round of Funding

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.

Source: In The Capital

 

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.


WealthEngine Raises $7M Series B Funding from Existing Investors

The leading provider of marketing intelligence and real-time prospecting solutions WealthEngine, is pleased to announce the raise of $7 million in series B funding from existing investors.

Existing investors, Novak Biddle Venture Partners, were joined in the round by Streamlined Ventures, HKB Capital, and a number of investors who have among them founded or invested in market changing technology companies such as Google, Klout, Salesforce, and Juniper Networks.

The investment supports WealthEngine’s strategy to capitalize on the emerging opportunity for data-driven solutions that optimize marketing spend and enables hyper-targeted prospecting. Earlier this year, the company announced the addition of seasoned executives to its leadership team and recently announced the acquisition of BrightContext, a leader in massively scalable streaming data analytics. BrightContext’s expertise, vision, and investors from comScore and Google Analytics, will leave an indelible mark on WealthEngine’s growth.

Source: MarketWatch

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, WealthEngine, Existing Investor, Novak Biddle Venture Partners, Streamlined Ventures, HKB Capital, Google, Klout, Salesforce, Juniper Networks, BrightContext, Google Analytics.


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