North Coast Ventures is pleased to announce its September 2024 investment in Givzey, a leading innovator in nonprofit fundraising technology. Our participation in Givzey's recent Seed funding round underscores our commitment to supporting high-growth companies with the potential to transform their respective industries. This investment will enable Givzey to expand its market presence and accelerate the development of its groundbreaking Intelligent Gift Documentation Management Platform and Version2 Autonomous Fundraising solution.
Givzey's Version2 Autonomous Fundraising solution addresses the pervasive challenge of donor engagement by providing nonprofits with the tools to scale their personal, one-to-one outreach efforts and interact effectively with a broader spectrum of donors. With Givzey's fully autonomous fundraising capabilities, organizations can add trusted fundraising capacity to their existing teams, exceeding the limitations imposed by traditional staffing models. Inside Higher Ed and Illinois Institute of Technology both recently published feature articles about how Autonomous Fundraising is revolutionizing the industry.
Givzey's Intelligent Gift Documentation Management Platform represents a paradigm shift in nonprofit fundraising, replacing outdated, paper-based processes with a comprehensive digital solution. This innovative platform empowers nonprofits to cultivate deeper donor relationships by providing a personalized and efficient giving experience. By facilitating multi-year gift commitments, Givzey enables organizations to move beyond the limitations of annual giving cycles and foster a sense of sustained partnership with their supporters.
Givzey's platform streamlines administrative workflows, eliminating the inefficiencies associated with traditional fundraising methods. By automating tasks such as pledge reminders and empowering multi-year giving strategies at scale, Givzey liberates valuable time and resources, allowing nonprofits to focus on their core missions.
Givzey was founded by serial entrepreneur Adam Martel. Previously, Adam was the co-founder and CEO of Gravyty, the first AI-enabled nonprofit fundraising platform, where he introduced generative artificial intelligence to the nonprofit sector. With this experience, Adam has led Givzey and assembled a team of seasoned professionals with extensive experience in fundraising, technology, and nonprofit operations. NCV management believes this talented team possesses a deep understanding of the challenges facing the sector and a steadfast commitment to delivering innovative solutions.
With a robust customer base and a recurring revenue model, Givzey is well-positioned for continued growth and market leadership. North Coast Ventures' investment in Givzey reflects our confidence in the company's transformative technology, capable leadership, and potential to drive value for the nonprofit sector.
About North Coast Ventures
North Coast Ventures (NCV) is a Cleveland-based early-stage venture capital firm primarily investing in B2B, SaaS companies. With over 500 member investors, NCV is the largest, single-chapter investor group in the country. Since 2006, NCV and its member investors have deployed more than $100M into over 70 high-potential ventures.