What is SPACEHIVE?
SPACEHIVE operates as the sole dedicated community crowdfunding platform in the UK and Ireland, empowering local communities to raise essential funds for a diverse range of projects. With a proven track record of facilitating over £42 million in capital, SPACEHIVE supports initiatives spanning from vital playground upgrades to the establishment of community hubs. The platform distinguishes itself by offering free project setup, expert advisory services, and access to an additional £7 million in partner funding, thereby enabling individuals and groups to drive impactful improvements within their local areas through innovative and sustainable solutions.
How much funding has SPACEHIVE raised?
SPACEHIVE has raised a total of $2.1M across 1 funding round:
Unspecified
$2.1M
Unspecified (2014): $2.1M with participation from SI2 Fund and Big Society Capital
Key Investors in SPACEHIVE
SI2 Fund
SI2 Fund, associated with Telenet, provides a suite of hosting products including web, mail, application, and server hosting, catering to professional clients seeking reliable solutions and comprehensive hosting services.
Big Society Capital
Better Society Capital is the UK's leading social impact investor, dedicated to increasing investments aimed at addressing social issues and inequalities through various strategies like impact venture, social lending, and social property.
What's next for SPACEHIVE?
The substantial enterprise-level funding and recent strategic investment signal SPACEHIVE's transition into a scaling phase, poised for accelerated growth and broader market penetration. This capital infusion is anticipated to bolster the platform's technological infrastructure, expand its reach to new geographical areas, and enhance its partnership network. SPACEHIVE's strategic focus will likely involve deepening its engagement with local authorities and community organizations, further solidifying its role as a critical enabler of community-led development and regeneration projects. The company's commitment to empowering local initiatives positions it for sustained impact and leadership in the social impact investment landscape.
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