Wisely, a Toronto, Canada-based tech startup for nonprofits, secured $1.5M CAD in seed funding.
The round was led by Ripple Ventures with participation from Verstra Ventures and the Maple Leaf Angels.
The company intends to use the funds to advance AI technology and expand across to expand its operations in North America.
Founded in 2017, and led by Artiom Komarov, CEO, Wisely provides a philanthropic fundraising enablement platform that leverages AI to help nonprofits simplify and pursue donations. The fundraising platform adapts to and integrates with existing donor data, and creates customized plans for the organization to optimize workflow and funds raised.
The company works with philanthropic organizations, allowing nonprofits, charities, educational institutions, hospital foundations and healthcare organizations across North America including UNHCR, St. Joseph’s Health Centre Foundation, Kids Help Phone, and Oakville Hospital Foundation.