Hatch, a leading provider of AI-powered donor engagement solutions for nonprofits, has secured $3 million in seed funding. Differential Ventures led the round, and participants included Character, Howard Morgan, and notable angel investors. This brings Hatch’s total funding to date to $5 million.
Launched in 2021 by Moshe Hecht, former CIO of crowdfunding platform Charidy, which helped raise over $3 billion for 8,000 nonprofits, Hatch aims to transform how nonprofits utilize data to connect with donors. The Hatch platform unifies a nonprofit’s existing donor data. It improves it with up to 80 pieces of new information, including wealth signals, social data, and lifestyle insights from trusted third-party sources. This enables fundraisers and marketers to build comprehensive donor profiles to personalize outreach and maximize giving potential.
Hatch’s Altruistic Intelligence technology recommends personalized engagement and fundraising methods for each donor, helping nonprofits identify potential donors and influential supporters who can drive peer-to-peer campaigns. The platform offers lifestyle insights, career history, wealth data, donation history, social mapping, media mentions, etc.
This seed funding round will drive product development, grow the Hatch team, and expand its customer base. Over 150 nonprofits across North America, including Volunteers of America and Texas A&M University-Commerce, are already using Hatch to optimize their fundraising efforts.
Hatch’s goal is to create a world of natural-born givers and a society of intelligent contributors who perpetually add value to individual, communal, and societal life. The company offers a pricing model based on the number of successfully enriched donor profiles.
KEY QUOTES:
“Nonprofits are sitting on a trove of data but often lack the tools to fully utilize it. Our platform unlocks that data, transforming it into actionable intelligence fundraisers can use to build deeper relationships with donors and ultimately drive more impact for their cause.”
- Moshe Hecht, CEO and Founder of Hatch
“We are excited to back Moshe and the Hatch team as they bring cutting-edge technology to a sector that has largely been underserved by innovation. Their traction to date demonstrates the immense need for better donor engagement tools, and we believe Hatch is well-positioned to become an essential platform for nonprofits everywhere.”
- David Magerman, Partner at Differential Ventures
“Hatch’s AI-driven platform is a game-changer for nonprofits looking to harness the power of data. By providing actionable insights and personalized engagement strategies, Hatch empowers organizations to build stronger connections with their donors and maximize their fundraising potential.”
- Charles Givre, Hatch Advisor who previously worked in cybersecurity at NSA and CIA
