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WizeHive

WizeHive

The Technology Engine that Optimizes your Business Lifestyle

Company Overview

Why We Started This Company

I had a personal need when I co-founded DreamIt Ventures to help me manage the business. I searched the market for over a year trying to find the right tool. When I could not find and realized the huge market potential it I decided to have it built.

What Sets Us Apart

We have an amazing opportunity to build a $100M company by helping non technical business people in medium sized businesses and corporate departments find (in our marketplace) or build cloud based business solutions - without involving IT people. Above us in the market is SalesForce - which is powerful but expensive and complex. Below us in the marketplace are spreadsheets and PC based databases - that are way to limited. We fill the enormous gap between them and eliminate the need for business people to wait for their IT group to help them.

Our Keys To Success

This is becoming a hot market as people are looking for easys way to move their business apps to the cloud. At this point the most important thing we can do is invest in marketing of our newest version of WizeHive - Zengine - on a broader scale. We already have 600+ subscription customers, most of whom renew annually - and we need to expand and accelerate so we can drive to have 10,000 customers and get significant market presence before the market becomes more competitive.

KPIs

25 Employees
$2,500,000 Sales

Traction

  • Cash flow Positive in Q3 of 2014

    September, 2014
  • $2,000,000 in Revenue for 2014, Projecting over $3,000,000 for 2015

    December, 2014
  • 90% Annual Customer Retention Rate

    September, 2014
  • Processing 1,000,000 Web-Based Interactions per Month

    September, 2014
  • $2.5M ARR run rate; project $3.5M+ in 2015

    September, 2014
  • Process 100,000 uploaded files per month

    September, 2014
  • Drive 100,000 unique visitors to web sites and landing pages per year

    September, 2014
  • Ranked in top 3 for 20+ organic search terms important to business

    September, 2014
  • CAC (cost customer acquisition) < 30% first year customer value and < 10% Lifetime value

    September, 2014

Testimonials

Mike Levinson
Mike Levinson
Co-Founder & CEO at WizeHive
"I've built multiple companies in the past - each with a successful exit - and provided private investors and VC funds 7x to 20x returns in the process. I believe in WizeHive so much I was the first investor in this round."
Lori Almarza
Lori Almarza
Office Manager at United Way
"WizeHive is the most efficient and user friendly grant application process that I’ve ever used! Their customer service is awesome and I would recommend them on a scale of one to ten as a 10!"
Michael Doyle
Michael Doyle
President at Goldin Ventures
"Investing comes down to people, and Mike is among the finest entrepreneurs we’ve worked with. He’s built a rock solid business foundation that contains the investment risk."
Samantha Millard
Samantha Millard
Organization for Autism Research
"With WizeHive, our competitions are completely streamlined, allowing our staff to focus on developing new programs and growing the organization as a whole."
Mike Kane
Mike Kane
Managing Director at Kestrel Investments
"Management is totally committed to making a killer product that the market needs and to producing an outstanding result for investors."
Michelle Currica
Michelle Currica
Exec Assistant Philadelphia Cultural Fund
"As a small community grant maker we are using Zengine to restructure our grantee database. Our work with Zengine in the past has allowed us to collect a wealth of data which we used this spring in a successful advocacy campaign to restore city funding of arts and culture organizations after a major cut. A victory for us, our grantees and the communities impacted by the power of the arts. Our shiny new database will allow us to further wield our arsenal of data as well as increase our organizing and mobili"
Amra Dorjbayar
Amra Dorjbayar
Kamiano Onthaal
"Zengine is exactly what my company had been searching for. We had originally been collecting our data in simple excel sheets, which was not very productive and absolutely chaotic. When we discovered Zengine everything changed. It comes with a few templates that every business would use and it is fully customizable so you can use it how ever you want."
Connor Gallic
Connor Gallic
Director, Fity Social Media
"Zengine is exactly what my company had been searching for. We had originally been collecting our data in simple excel sheets, which was not very productive and absolutely chaotic. When we discovered Zengine everything changed. It comes with a few templates that every business would use and it is fully customizable so you can use it how ever you want. "
Victoria Bhavsar
Victoria Bhavsar
Professor California Polytechnical University
"We used WiveHive to manage a small internal grant program at our university. Previously, we used Blackboard to organize the proposals, collect reviews, etc., and we nearly all quit the committee because it was so hard to work with the materials! Using WizeHive made the proposal collections, assignments, reviews, and reporting very easy indeed, with far less room for human error. WizeHive was easy to use even for people who were submitting proposals and had no familiarity with the software."
Egyirba Walker-Arthur
Egyirba Walker-Arthur
Administration, SEO-USA
"WizeHive has truly transformed our application process! The ease of use on both the front and back end of the system is very attractive to our applicants and incredibly helpful for our staff. Beyond that, a knowledgeable and easily accessible WizeHive staff ensures that any questions and/or concerns (and there haven't been many) are addressed with the utmost importance and in a timely manner. We are excited to continue our partnership with WizeHive."
Marlo Polonsky
Marlo Polonsky
Grants Officer Family Planning Research Fund
"Submitted from one of our grant reviewers: Marlo, I have to say, your website, portal, etc. is the best and most functional I've ever worked with. I've worked with so many sign-ins and log-ons that have glitches, but so far, SFP's is absolutely perfect. I can look at the whole proposal, the budget, go back and forth, and everything is as smooth as silk."
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