What is Hive?
Established in 2015 and headquartered in New York, Hive is recognized as the world's first community-built project management and collaboration platform. Its core mission is to empower teams of all sizes to enhance their speed and efficiency in working together. The platform integrates various tools and functionalities designed to streamline workflows, improve communication, and boost overall team productivity. Hive's approach emphasizes a user-centric design, fostering a collaborative environment that adapts to the evolving needs of modern businesses.
How much funding has Hive raised?
Hive has raised a total of $26M across 5 funding rounds:
Private Equity
$1.1M
Unspecified
$4M
Series A
$10.6M
Debt
$350K
Unspecified
$10M
Private Equity (2016): $1.1M, investors not publicly disclosed
Unspecified (2017): $4M led by Rembrandt Venture Partners, Vocap Investment Partners, and Tribeca Venture Partners
Series A (2019): $10.6M supported by Comcast Ventures
Debt (2020): $350K featuring PPP
Unspecified (2021): $10M backed by AngelPad companies, Rembrandt Venture Partners, Zoom Video Communications, and Tribeca Venture Partners
Key Investors in Hive
Comcast Ventures
Comcast Ventures is the venture capital arm of Comcast Corporation, focusing on investments in consumer, enterprise, and frontier technology companies. They provide capital and strategic support to both B2B and B2C businesses, particularly in technology, finance, and operations sectors.
Rembrandt Venture Partners
Rembrandt Venture Partners is a venture capital firm specializing in emerging technology companies, particularly in the software, security, and DevOps sectors. They leverage extensive operational experience to support the growth of enterprise technology firms.
Tribeca Venture Partners
Tribeca Venture Partners is a multi-stage venture capital firm that partners with entrepreneurs to build category-defining companies, with a strong focus on emerging technologies and innovative business models.
What's next for Hive?
With the recent injection of major strategic capital, Hive is poised for an accelerated growth phase. The company is likely to focus on expanding its market reach, enhancing its platform's capabilities with advanced features, and potentially exploring new integrations to further solidify its position in the competitive collaboration software landscape. This funding round, characterized as enterprise-level, suggests a strategic move towards scaling operations and capturing a larger share of the market, possibly targeting larger enterprise clients. The company's trajectory indicates a strong focus on innovation and user adoption as it navigates its next stage of development.
See full Hive company page
