12 November 2019, India:
Productivity platform Hive has raised $10.6 million in Series A round of funding. The funding round was led by Comcast Ventures.
Tribeca Venture Partners, Vocap Investment Partners, and Rembrandt Venture Partners also participated in the funding round.
John Furneaux, CEO and Cofounder, Hive, said, “Why do we shackle talented teams with 40-year-old technology? It’s easier for me to see what my friends ate for brunch than to see what my colleague is working on. Hive delivers what everyone has been requesting for decades – a simple platform to use each day to get things done as a team.”
John Furneaux, added, “Ask yourself how you many times a week you attend a meeting, and want everyone present to know their next steps. How about knowing whether they’ve been done? This stuff is simple for Hive teams. That’s the magic of Hive. It’s not just a tool for the Silicon Valley elite – it’s a helping hand for everyone.”
Andrew Cleland, Managing Director at Comcast Ventures, said, “More companies from small businesses to large enterprises are poised to embrace process management tools and automation at scale. Hive has produced one of the best-rated products on the market, and we’re thrilled to partner with the management team to accelerate the company’s growth.”
(image – Hive)