Up-and-coming technology startups gathered at the W Loft to share their vision with a discerning audience of over 100 venture capitalists, angel investors, founders, and fellow entrepreneurs. Among them was Hatch AI, a rising star who had just completed a successful seed funding round.Full text, video
Nearly six months ago, budding tech startups gathered at the W Loft to showcase their visions to a discerning audience of more than 100 venture capitalists, angel investors, founders, and fellow entrepreneurs. Hosted by Crown Ventures Accelerator, the nation’s first business accelerator for frum startups, the demo day was a key moment in determining the future of technology innovators in the community.
Among them was a rising star. Hatch is an important fundraising tool that combines AI and third-party data enrichment and is rapidly becoming popular with Chabad Houses as well as the nonprofit sector.
Fast forward to today, Hatch AI has successfully completed a seed funding round, securing $3 million in investment. Hatch was powered by Demo Day, which secured its first investor in this round, and the startup continued to attract the attention of high-profile VCs in the following months.
A recent seed funding round led by Differential Ventures included participation from Character, venture capitalist Howard Morgan, and a group of prominent angel investors.Includes previous investors david magermanTiphares Ventures, and adam millerFounder of Cornerstone On Demand.
This success follows a previous funding round that totaled $2 million, bringing the total raised to $5 million.
Yehoshua Werde, founder of Crown Ventures Accelerator, said: “Their success proves what Framtech startups are capable of, if only they get additional support. We are very proud of them and wish them even more success.” looking forward to it.”
As a first-of-its-kind donation intelligence platform, Hatch provides organizations with new information about the majority of donors in their database, creating a “complete human profile.” Hatch enables organizations to generate personalized engagement strategies tailored to supporters’ abilities, preferences, and interests by analyzing more than 80 curated data points collected from a variety of public sources. It will be.
This ultimately gives nonprofits a complete picture of what motivates their supporters. To date, Hatch has already partnered with 150 nonprofits across North America, including Volunteers of America and Texas A&M University-Commerce, to help them increase their donations by the thousands.
“Hatch has completely changed the way I fundraise. I have already raised thousands of dollars using this platform,” says Ravi. Chaim Levi Cohen Originally from Chabad, Loudoun County, Virginia. “I never meet a donor without checking the hatch first.”
moshe hechtThe founder and CEO of Hatch previously served as CIO of the popular crowdfunding platform Charidy, where he facilitated more than $3 billion in donations to more than 8,000 nonprofit organizations. This extensive experience led Mr. Hecht to identify critical needs in the funding environment, prompting him to launch Hatch in 2021.
“We have found that the biggest gap charities have is that they are not leveraging the breadth of data available to them to accurately engage and monetize their existing donors. By leveraging this, nonprofits have the opportunity to motivate donors to “click, click, donate.”
For more information about Hatch, visit Hatch.ai.
