WealthEngine, a Bethesda, MD-based wealth research services firm for nonprofit organizations and financial services companies, has secured $5m in Series A financing from Novak Biddle Venture Partners (NBVP) and QED Investors (QED).
The company provides sophisticated wealth identification and prospect research and analytics to financial services firms, hospitals, institutions of higher education and nonprofit organizations.
The funding allows WealthEngine to accelerate product development, enhance its service offering, and expand marketing and geographic reach.
In conjunction with the financing, Novak Biddle partners Jack Biddle and Janet Yang will join the company’s board of directors alongside with QED partner Frank Rotman.
QED managing partner and Capital One co-founder Nigel Morris will serve as an advisor.
WealthEngine offers products in both the United States and the United Kingdom.
FinSMEs
01/03/2010