Vee Completes Successful Pivot with $7 Million Funding Round Led by TLV Partners

Vee, a startup developing an AI-driven platform for nonprofit management in the U.S., has successfully pivoted and completed a $7 million seed funding round. The round was led by TLV Partners, with participation from SOMV, Oryzn Capital, Meitav Dash, Disruption Ventures, and existing investors. This funding brings the total investment in the company to $21 million since its inception.

Vee specializes in creating dedicated AI Agents for nonprofits worldwide. These virtual employees allow organizations to scale their operations without hiring additional staff. Currently, the platform features two primary products: Maggie, a virtual assistant for creating, automating, and managing social media for organizations, and Grant, a tool for grant applications that boasts success rates comparable to those of human professionals. Grant submissions cost less than $99 each, compared to an average of $1,500 charged by professionals. These tools can be interacted with via email and text messages, operating independently and proactively, enabling nonprofits to allocate more resources to their core mission instead of operational tasks.

The new platform and funding follow Vee’s successful pivot. Initially founded to help nonprofits develop their activities by connecting them with organizations and their workers (volunteers) willing to contribute to the community, Vee’s platform was originally manual. The AI revolution enhanced Vee’s platform, providing more value to nonprofits using technology.

Within a year of the pivot, Vee already serves over 100 clients in the U.S., including well-known organizations such as the Network of Jewish Human Service Agencies, Cloud Veterans, PCOSAA, and Lights and Sirens. Since the outbreak of Operation Iron Swords, Vee has provided free platform access to initiatives supporting Israeli society in areas like public relations and fundraising for the war effort.

The U.S. nonprofit sector comprises 1.8 million organizations and is the third-largest sector in the country, with over $2.9 trillion flowing into it annually. Despite this, the industry hasn’t undergone a technological revolution, with many processes still performed manually, which burdens operations and requires significant resources. The COVID-19 pandemic initiated the adoption of technologies in the sector, primarily focusing on fundraising platforms rather than organizational efficiency. In the past two years, there has been a trend of mergers and acquisitions among technology companies operating in the U.S. nonprofit sector, indicating growing interest and high fundraising amounts in recent years.

May Piamenta, CEO of Vee: “The company has undergone an incredible evolution over the past two years. We believe the AI revolution presents a unique opportunity to disrupt the market once and for all, enabling us to build a large company that will make a real change for nonprofits.”

Eytan Beck, founder and managing partner at TLV Partners: “We believe in the ability of AI Agents to transform nonprofit management, handle complex tasks, and streamline processes, allowing nonprofits to focus on their main mission—doing good in the world. This technology not only improves efficiency and performance but also enables nonprofits to achieve new milestones and contribute more significantly to society.”

Vee was founded in 2020 and is led by May Piamenta, co-founder and CEO, Avi Amor, co-founder and COO, Idan Tubi, CTO, and Noam Mendelson, VP of Sales and Growth. The company employs 20 people, most of whom work in the Ramat Gan office, with the rest in Miami. The funds raised will be used to expand the development teams to increase the solutions offered to nonprofits, as well as to grow the sales and service teams in anticipation of the expected increase in customers.

Credit:Omer Hacohen