Vee

Company Overview

Snapshot

Founded in March 2019 by May Piamenta and Avi Amor, Vee operates with 51–200 employees. The company has secured $20.5M across 3 funding rounds from 16 investors, with TLV Partners leading a round in May 2024.

Business overview

Vee specializes in providing AI-powered virtual services tailored for nonprofit organizations. The company's core offering is a virtual team designed to support nonprofits in critical areas such as expanding their team, raising awareness, and increasing funding through virtual tools. Vee's products, including Grant and Maggie, are aimed at meeting the unique needs of the nonprofit sector, operating within the Business Software sector and serving enterprises and SMBs.

Strategic signal

In July 2024, Vee successfully raised $7 million, following a period of layoffs and a strategic pivot. This funding round indicates a renewed focus and investor validation for the company's refined approach to nonprofit management solutions, suggesting a positive trajectory after operational adjustments.

Company Intelligence Q&A

When did Vee secure its Seed funding round?

In February 2022, Vee secured a Seed funding round with State of Mind Ventures as a lead investor.

Which investors participated in Vee's December 2020 funding round?

In December 2020, Vee received funding in a round led by HORIZON CAPITAL, with participation from.

What strategic change did Vee undergo recently?

In July 2024, Vee raised $7 million after undergoing a strategic pivot, shifting its focus to nonprofit management solutions following earlier workforce optimizations.

What was a significant operational event for Vee in October 2022?

In October 2022, Vee implemented further cutbacks, laying off 50% of its remaining employees, as reported by CTech.