WizeHive Secures Growth Capital Investment From LLR Partners
WizeHive, provider of a leading SaaS platform – Zengine – which enables full lifecycle management of grants, scholarships, and fellowships, today announced a growth capital investment from private equity firm LLR Partners.
The capital will be used to help drive continued growth at WizeHive, accelerate the advancement of the Zengine platform, and strengthen customer success infrastructure.
Grant making is central to the missions of tens of thousands of mission-driven organizations, and yet many are using inadequate or outmoded tools to manage these critical programs. WizeHive helps hundreds of corporations, foundations, government entities, universities, and other non-profits enhance and accelerate the impact of their programs by making it easier to engage applicants, minimizing tedious and less productive activities for program administrators, and delivering reporting that maintains compliance and provides powerful insights.
“Charitable giving rose to record levels in recent years, totaling $450 billion in 2019, and grant making continued to accelerate in 2020 for COVID-19 relief,” said Cheng Li, Vice President at LLR Partners. “We expect further momentum post-COVID, especially as companies focus more on social responsibility and community impact. Technology providers like WizeHive are increasingly seen as essential partners for foundations, corporations, and other entities to enable increasing volume of grant activity, simplify the process, and improve reporting.”
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