Hatch.ai announces the company’s launch and successful funding round from prominent angel investors. The company has developed an “Altruistic Intelligence” platform that leverages AI to make nonprofit organizations’ fundraising efforts more effective. Using a combination of data enrichment, machine learning, and AI predictive modeling, Hatch aims to make a significant impact in the giving space.
The company is the brainchild of Moshe Hecht, former co-owner and CIO of Charidy.com, the social fundraising platform that has raised $2B+ for charities since 2013. He is joined by Chief Technology Officer and co-founder Eyal Beigman, PhD. In his 7 years of leadership at charidy.com, Hecht discovered that most organizations spend 90% of their time engaging just 10% of their donors. This has caused the overwhelming majority of people to be overlooked or relegated to receiving mass email blasts (that often drive them to unsubscribe).
“It’s not just about the rich anymore,” says Moshe Hecht, CEO. “We’re moving into a new era of giving, where philanthropy is being driven by the collective power of the many rather than the exclusive power of the few.”
Hatch solves this problem by unlocking what makes donors “tick, click and give.” The result is thriving engagement across a larger donor base. Hatch’s platform generates a holistic profile of every donor. In doing so, it can help organizations better identify the people most likely to engage with them, using predictive modeling to forecast greater opportunities for impact. As Beigman explains, “Hatch makes data accessible and easy to use even for a volunteer.”
Hatch has raised a $1.5M Pre-Seed round from a group of prominent angel investors and tech leaders, including computer scientist and philanthropist David Magerman. Other key investors include renowned venture capitalist Howard Morgan, Tiferes Ventures (Clark Valberg of InVision), Avi Geller (Leonite Capital), Daniel Cotlar, David J. Butler, Rochel Leah Bernstein, Levy Lieberman, Meir Gniwisch (Olive Tree Ventures) and Israel Schachter (Charity Bids).
“As an investor, I’m excited to see the impact Hatch is going to have on the nonprofit world,” Magerman shares. “It’s going to be like nothing we’ve ever seen before.”
The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within do not directly reflect the thoughts or opinions of the staff of NonProfit PRO.