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 mission is to empower teams of all sizes to enhance productivity and streamline workflows. The platform's innovative approach to team collaboration has positioned it as a key solution for businesses seeking to improve operational efficiency and project execution. Hive's development trajectory suggests a company focused on scaling its user base and enhancing its feature set to meet evolving market demands.
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, Zoom Video Communications, Rembrandt Venture Partners, and Tribeca Venture Partners
Key Investors in Hive
Rembrandt Venture Partners
Rembrandt Venture Partners is a venture capital firm specializing in emerging enterprise technology, with a focus on software, security, and DevOps. They leverage extensive operational experience to support companies through growth and business building.
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 track record in supporting Series A investments through to Series B.
Comcast Ventures
Comcast Ventures, the venture capital arm of Comcast Corporation, invests in consumer, enterprise, and frontier technology companies, providing capital and strategic support across various sectors.
What's next for Hive?
The recent major strategic investment signals a pivotal moment for Hive, likely indicating a transition into a scaling phase. This capital will be instrumental in expanding its market reach, enhancing its technological infrastructure, and potentially exploring new strategic partnerships. The company's focus on community-driven development suggests a commitment to user-centric innovation, which will be crucial for maintaining its competitive edge in the dynamic project management software landscape. Future growth will likely involve deepening its enterprise offerings and solidifying its position as a leader in collaborative work solutions.
See full Hive company page
