Vee raises $7m to help non-profits raise money with AI

Vee CEO May Piamenta credit: Omer Hacohen
Vee CEO May Piamenta credit: Omer Hacohen

Vee CEO May Piamenta: In two months, we raised about NIS 2 million to purchase equipment for soldiers, the evacuees and to support families of hostages.

Israeli startup Vee, which has developed an AI-based platform for non-profit management, is helping raise donations for evacuees, Israeli soldiers and others affected by the war in Israel from fellow-Israelis, Jewish communities around the world and Christian communities and others who support Israel.

Vee itself has also announced the completion of a $7 million seed financing round led by TLV Partners. Vee was founded in 2020 by CEO May Piamenta, COO avi Amor, CTO Idan Tubi and VP sales and growth Noam Mendelson. The company has 20 employees, most of them in Ramat Gan as well as in Miami. Vee has more than 100 customers in the US.

Vee is normally focused on the US market, but during the war in Israel the startup has provided its platform free of charge to advocacy and fundraising initiatives. Piamenta, 24, recounts, "When the war broke out, a lot of groups sprung up that needed public diplomacy content in English, so we offered Maggie to help them,"

Maggie is an AI-based digital agent that provides professional digital marketing services. In other words, she works proactively, and does not wait for operating instructions.

For example, Maggie can scan the social networks, and look for content that works well in the field in which the non-profit operates, and stimulates the involvement of Internet users. Maggie produces new content, designs the graphics and posts directly to social networks.

Piamenta explains, "With Maggie, we created over a thousand pieces of informational content in English in one month. In addition, because of our access to donor databases and foundations, we were able to make good connections between army units and private individuals and foundations that we had in the database. In two months, we raised about NIS 2 million to purchase equipment for soldiers, the evacuees and to support families of hostages."

The new capital raised will be used to expand development teams to increase the range of solutions offered by the company to non-profit organizations.

"Even during high school, I was involved in contributing to the community, and even then I led global non-profit projects, in which I managed the operational setup of a US non-profit in 32 countries. After gaining experience in the field, I realized that the need for technological tools was enormous, especially because of the limited budgets and lack of knowhow. I thought it was time for these important organizations to have an easier and clearer way to succeed, which is why we started Vee."

According to Vee data, the non-profit sector in the US has 1.8 million organizations, and $2.9 trillion flowing into it annually but most of it remains outside the AI revolution. A large part of the work processes are carried out by manual methods that require many resources.

Into this vacuum comes Vee's AI agents. In addition to Maggie, Vee's grant tool has been developed to raise grants for non-profit organizations, and according to the company, it already demonstrates figures of identical success as those of human professionals, and at a much lower cost.

Published by Globes, Israel business news - en.globes.co.il - on July 11, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Vee CEO May Piamenta credit: Omer Hacohen
Vee CEO May Piamenta credit: Omer Hacohen
Arik Faingold credit: Nati Levi Israeli autonomous frontend co AutonomyAI raises $4m

Led by Arik Faingold, the founder of cybersecurity unicorn Pentera, AutonomyAI offers a platform that learns and understands the full organizational context and generates code that can be deployed directly to the production environment.

British Airways aircraft  credit: Shutterstock/Jarek Kilian Tel Aviv - London fares to fall as British Airways resumes flights

From June there will be 20-32 weekly flights operated on the popular Tel Aviv - London route by foreign airlines - British Airways, Wizz Air and easyJet.

Partner Partner forms int'l business diivision

The division will be headed by former Bezeq International VP Global Business Nissan Arieh.

Caesarstone kitchen credit: Caesarstone Caesarstone bucks Nasdaq as tariffs boost potential

The Israeli quartz countertop manufacturer company has fallen on hard times due to Chinese rivalry but tariffs could boost its revenue.

ZIM ship credit: ZIM Trump's tariffs torpedo ZIM's share price

ZIM's share price fell 16.4% on Wall Street on Thursday and a further 7.2% on Friday, closing with a market cap of $1.5 billion, wiping out all its gains in 2025.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Rehovot, Kiryat Tivon, Shlomi and Beersheva.

THAAD anti missile system credit: The US Army Ralph Scott Wikimedia US deploys more THAAD, Patriot batteries in Israel - report

Amid rising regional tensions the US is bolstering Israel's air defense, Saudi state-owned TV channel Al Arabiya reports.

Tel Aviv Stock Exchange credit: Shutterstock TASE tumbles in Wall Street's wake

Dual-listed stocks have again been hard hit, but the banks are also down sharply.

Donald Trump and Benjamin Netanyahu credit: Avi Ohayon Netanyahu due in Washington to discuss tariffs

According to news website Axios, Prime Minister Benjamin Netanyahu will be the first leader to meet President Trump after the latter's announcement of sweeping import tariffs.

Yoni Assia CEO eToro Credit: PR eToro defers IPO amid market turmoil

The online trading platform had planned to begin meetings with investors this week.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Smotrich meets wrong man in Washington

Minister of Finance Bezalel Smotrich tried to persuade Secretary of the Treasury Scott Bessent to soften the tariff blow on Israel - only Bessent isn't responsible for the matter.

Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Shekel credit: Shutterstock Vladirina 32 Shekel volatility after US tariffs announcement

The shekel is weakening sharply against the euro, which is gaining following the unveiling of Donald Trump's tariffs plan.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Treasury assesses potential damage to Israel's US exports

Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE.

Iranian flag credit: Shutterstock Why inflation haunts Iran

With a month-on-month increase of 3.3% and an annual rate of 37.1%, inflation reflects the struggles of millions of Iranians.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018