# WealthEngine

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

- Industry: Software
- Headquarters: Bethesda, US
- Website: www.wealthengine.com
- Total disclosed funding: $10M
- Latest round: Series B (Apr 22, 2014)
- Investors on record: 4

## About

Founded in 1991 and headquartered in Bethesda, Maryland, WealthEngine, Inc. is a leading provider of prospect engagement solutions, specializing in data analytics that empower businesses and nonprofits to enhance their marketing and fundraising strategies.WealthEngine, Inc. offers a robust platform for prospect engagement, enabling clients to leverage data for targeted marketing and fundraising efforts. The company was established in 1991 in Bethesda, Maryland, and has undergone several strategic shifts to adapt to market needs. It was acquired by Euromoney Institutional Investor in December 2020 for USD 14.5 million, transitioning from ownership by investors such as Novak Biddle Venture Partners and QED Investors. Richard Green serves as the CEO, bringing experience in leading tech-driven solutions. WealthEngine has participated in a total of 11 deals, with the most recent deal occurring on December 8, 2020.WealthEngine specializes in a comprehensive prospect engagement platform designed to cater to the needs of both businesses and nonprofits. Its core offerings leverage machine learning and extensive data analytics to create detailed profiles that assess individuals' propensity and capacity to engage, donate, or purchase. WealthEngine assists businesses—ranging from luxury brands to financial service providers—by optimizing their marketing campaigns and identifying potential customers. Nonprofits, including those in higher education and advocacy, utilize WealthEngine to enhance their fundraising efforts and cultivate relationships with prospective donors. The platform serves clients across various geographical markets, including North America, Europe, and parts of Asia, providing insights that facilitate personalized outreach and strategic decision-making.WealthEngine's revenue model primarily revolves around subscription-based services, which allow clients to access its advanced data analytics and profiling tools. Transactions typically occur through annual or multi-year subscriptions, enabling clients to continuously utilize the platform for prospect screening and analysis. Partnerships may also form with organizations looking to integrate WealthEngine's capabilities into their existing systems. Specific details regarding pricing structures for these subscriptions are not disclosed; however, the platform's offerings include flagship products that enhance client engagement and fundraising success. WealthEngine’s ability to deliver substantial ROI and streamline customer acquisition processes further underscores its value proposition to both business and nonprofit sectors.WealthEngine plans to enhance its platform by launching new products designed to further refine data analytics capabilities, although specific release dates have not been disclosed. The company is also targeting expansion into new international markets, specifically in Europe and parts of Asia, with plans to initiate this growth by the end of 2022. The recent funding from the Trade Sale will be strategically utilized to support product development and market expansion initiatives, aiming to bolster WealthEngine's position as a key player in the data analytics space.

## Funding rounds

- Series B, Apr 22, 2014, $5.1M — Novak Biddle Venture Partners, Streamlined Ventures, HKB Capital
- Series A, Mar 1, 2010, $5M — Novak Biddle Venture Partners, QED Investors

## Investors

- Novak Biddle Venture Partners (https://capitalatlas.ai/funds/novak-biddle-venture-partners) — Series A, Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A
- Streamlined Ventures (https://capitalatlas.ai/funds/streamlined-ventures) — Series B
- HKB Capital — Series B