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Submittable, a social impact platform that helps corporations, governments, and nonprofits manage programs focused on social good, announced the acquisition of WizeHive, which sells software to manage grants, scholarships, fellowships, giving, and more. Terms of the deal were not disclosed.
A spokesperson for Submittable confirmed that 40 people were laid off across Submittable and WizeHive as part of the integration between the two companies.
WizeHive, founded in 2008 and based in a suburb of Philadelphia, recently acquired Bright Funds and WeHero, two companies focused on employee engagement software.
Missoula, Mont.-based Submittable serves multinational corporations, government entities, and foundations. The company raised $47 million in 2022 and is led by CEO Thor Culverhouse, who is based in Seattle. Submittable now has 302 employees following the acquisition.
