# WiserTogether

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

- Industry: Software
- Headquarters: Boston, US
- Website: www.wisertogether.com
- Total disclosed funding: $12M
- Latest round: Series B (Sep 24, 2014)
- Investors on record: 5

## About

WiserTogether, Inc. is a company focused on supporting individuals recovering from substance use disorders through community engagement and educational resources that promote responsible socialization.Founded in 2008 and headquartered in Boston, US, WiserTogether, Inc. offers solutions aimed at aiding recovery from substance use disorders. The company has undergone strategic development but has not reported any significant pivots. It has completed 8 deals with its most recent being in January 2020 when it was acquired by Evive Health, LLC. This acquisition's financial terms were not disclosed. The total amount raised by the company is USD 2.48 mn through its latest funding round, which occurred in January 2020.WiserTogether specializes in providing support for individuals recovering from substance use disorders, focusing on fostering socialization and community engagement. Their primary offerings include educational content and resources guiding users on socializing responsibly in settings involving alcohol consumption. The services are designed to equip clients with the tools to develop healthier social habits and alleviate stress associated with recovery. Their target audience includes individuals in recovery, their families, and community members interested in supportive social environments, with an emphasis on urban and suburban markets.WiserTogether generates revenue through subscription-based services and community partnership programs. Clients subscribe to various support resources, including workshops, seminars, and online content focused on socialization strategies for those in recovery. These subscriptions offer ongoing access to materials and community events that encourage interaction. Additionally, partnerships with local organizations facilitate community events, thereby enhancing revenue while raising awareness about responsible drinking and recovery support. The pricing structure is tiered, allowing clients to choose plans based on their engagement level, featuring flagship offerings such as personalized recovery plans and community-based activities.WiserTogether aims to expand its product offerings and geographic reach. Plans include launching new educational resources tailored for specific recovery challenges, with details on release dates yet to be announced. The company also seeks to expand into new regions, targeting more urban centers by the end of 2023. The recent funding will be instrumental in supporting these initiatives as the company enhances its offerings and increases outreach efforts.

## Funding rounds

- Series B, Sep 24, 2014, $9M — Grotech Ventures, Harbert Management, Blue Heron Capital, Merck Global Health Innovation Fund, 7wireVentures
- Series A, Oct 1, 2011, $3M — Grotech Ventures

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Series A, Series B
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series B
- Blue Heron Capital (https://capitalatlas.ai/funds/blue-heron-capital) — Series B
- Merck Global Health Innovation Fund (https://capitalatlas.ai/funds/merck-global-health-innovation-fund) — Series B
- 7wireVentures (https://capitalatlas.ai/funds/7wireventures) — Series B