What is SPACEHIVE?
Spacehive operates as a dedicated community fundraising platform, empowering local projects through crowdfunding. The company has successfully channeled over £40 million to support a diverse range of community initiatives, from essential playgrounds and vibrant street markets to crucial educational hubs. Its user-friendly interface allows individuals and groups to establish project pages, articulate their visions, and access supplementary financing from a network of strategic partners. Demonstrating a high success rate of nearly 90% for projects achieving their funding objectives, Spacehive effectively equips communities with the resources needed to enact tangible improvements in their local environments.
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
SI Fund is an impact investment fund focused on generating high social impact and fair financial returns through sustainable investments in social enterprises. They actively partner with businesses, supporting early-stage concept development and skill-building for social entrepreneurs.
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. They focus on various investment strategies to support social enterprises and charities, contributing significantly to the growth of the social impact investment market.
What's next for SPACEHIVE?
The substantial enterprise-level funding and recent strategic investment indicate SPACEHIVE is poised for significant scaling and expansion. This capital infusion is likely to be directed towards enhancing the platform's technological infrastructure, broadening its reach into new geographical markets, and forging deeper partnerships with local authorities and corporate entities. The company's proven track record in successful project completion suggests a strategic focus on sustainable growth, aiming to further solidify its role as a leader in community-driven development financing.
See full SPACEHIVE company page
