What is Hiver?
Hiver, formerly known as GrexIt, is a San Jose, California-based software firm founded in 2011. The company develops a collaborative email extension that empowers clients to efficiently sort, format, and deliver emails. Hiver's platform aims to enhance team productivity by transforming individual inboxes into shared workspaces, facilitating better communication and task management within organizations. The company's focus on improving the core functionality of email for business operations positions it as a key player in the productivity software market.
How much funding has Hiver raised?
Hiver has raised a total of $30M across 3 funding rounds:
Series A
$4M
Debt
$4M
Series B
$22M
Series A (2018): $4M with participation from Kae Capital and Kalaari Capital
Debt (2021): $4M, investors not publicly disclosed
Series B (2022): $22M supported by K1 Capital, Kae Capital, AngelList, and Kalaari Capital
Key Investors in Hiver
Kae Capital
Kae Capital is a venture capital firm specializing in early-stage tech startups in India. They provide capital and strategic guidance to founders, focusing on building enduring companies.
Kalaari Capital
Kalaari Capital is a venture capital firm that invests in early-stage technology companies in India, supporting startups across various sectors with capital and strategic advice.
K1 Capital
Undisclosed investor participating in the funding round.
What's next for Hiver?
With the recent major strategic investment, Hiver is poised for accelerated growth and market penetration. The enterprise-level funding suggests a focus on scaling operations, expanding its customer base, and potentially developing new features to address evolving business communication needs. This capital injection will likely enable Hiver to enhance its competitive edge, further solidify its position in the collaborative email space, and pursue strategic partnerships or acquisitions to broaden its service offerings. The company's trajectory indicates a move towards becoming a dominant force in business productivity tools.
See full Hiver company page
