Hive, the first productivity platform, has announced it raised USD 10.6 million in a Series A round, bringing total funding to USD 16.7 million, the company said.
Comcast Ventures led the round with participation from existing seed investors Tribeca Venture Partners, Vocap Investment Partners, and Rembrandt Venture Partners.
This funding comes at a time of explosive growth for Hive. In the last year alone, the company quintupled revenue, attracting giants like Starbucks, Google, WeWork, Uber and the United States Government as customers.
Hive has already built a formidable platform, including chat, tasks, email, notes and the analytics for senior managers to keep processes improving.
Hive is the real-time collaboration platform that powers the fast pace at companies like Google, Uber, Starbucks and WeWork. Launched from #1 global accelerator AngelPad, Hive is headquartered in New York and previously raised USD 6.1m in funding from venture capital firms Tribeca Venture Partners, Vocap Investment Partners, and Rembrandt Venture Partners.
Comcast Ventures is the venture capital affiliate of Comcast Corporation. Comcast Ventures invests in innovative businesses that represent the next generation of technologies that will change the way people live, work and interact.