# Appwiz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appwiz

- Industry: Internet
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.appwiz.com
- Total disclosed funding: $1.4M
- Latest round: Seed (May 19, 2014)
- Investors on record: 1

## About

Appwiz is a technology company focused on providing innovative software solutions for efficient application management, catering to businesses of varying sizes across multiple sectors.Founded by Bill Merickel and Mahati Varanasi, Appwiz specializes in software solutions for application management. The company is headquartered in Tel Aviv-Yafo, Israel. On May 19, 2014, Appwiz raised USD 1.4 mn in Seed funding from Magma Venture Partners and other investors, marking a pivotal moment in its financial growth.Appwiz.com specializes in innovative software solutions designed to streamline application management for businesses across various sectors. Their core offerings include a robust application management system that simplifies the deployment, monitoring, and updating of software applications within an organization. Aimed primarily at mid to large-sized enterprises, these products address significant pain points related to software inventory management, compliance tracking, and operational efficiency. The solutions are utilized by a diverse clientele, including technology firms, educational institutions, and healthcare providers, all seeking to optimize their software application workflows. Appwiz.com has successfully penetrated markets in North America, Europe, and Asia, providing localized support tailored to the specific regulatory and operational needs of these regions.The revenue model for Appwiz.com is primarily based on subscription services, allowing clients to access their application management software through tiered pricing plans. These plans cater to different organizational sizes and needs, ensuring that businesses can select an option that best fits their operational requirements. The transactions typically occur on an annual or monthly basis, where clients pay upfront for continued access to the software features and customer support. Partnerships with various technology distributors facilitate additional revenue streams, enhancing the company’s reach within the B2B landscape. Flagship products under this model contribute significantly to ongoing revenue, ensuring a steady stream through contract renewals and new client acquisitions.Appwiz is currently focused on expanding its product offerings and entering new markets. They plan to launch an advanced version of their application management system by the end of 2024. The recent Seed funding of USD 1.4 mn will be allocated towards product development and market expansion initiatives aimed at enhancing their presence in Europe and Asia by 2025. Additionally, the company aims to strengthen partnerships with key industry players to further leverage its growth potential.

## Funding rounds

- Seed, May 19, 2014, $1.4M — Magma Venture Partners

## Investors

- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Seed