# Hiive Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hiive-company

- Industry: Financial Services
- Headquarters: Vancouver, Canada
- Website: www.hiive.com/
- Total disclosed funding: $4.2M
- Latest round: Series A (Oct 17, 2023)
- Investors on record: 5

## About

Based in British Columbia, Canada, and co-founded by Sim Desai (CEO), Prab Rattan (CRO), Sarah Huggins (COO), and Stuart Eccles (CPTO) in 2021, Hiive Company Limited operates as a financial services company offering a platform that engages in the private stock market. In October 2023 the firm raised CAD 5.7 million in series A funding led by investor Uncorrelated Ventures, with participation from other investors Agmen Capital, Hack VC, Harmony Venture, and Splash Capital.

The company offers an online marketplace for private stock, that brings buyers and sellers of shares in private, and VC (venture capital) backed companies together. Hiive offers a central hub for both accredited investors and qualified funds to buy and sell shares of late-stage venture-backed companies, eliminating the need for traditional brokers and enabling users to interact directly, negotiate terms, and close deals. The additional features offered by the company’s platform are Market Pricing, where users can find real-time bids and listings for a variety of VC-backed private companies, offering price discovery and trade opportunities, and an Automated Sale Process that allows users to place bids, post shares for sale, and standardize fees, streamlining transactions. The other features offered by Hiive are direct market access and expert support.

The company plans to utilize the October 2023 funding for the development of automation in trading private shares.

## Funding rounds

- Series A, Oct 17, 2023, $4.2M — Harmony Venture, Hack VC, Splash Capital, Uncorrelated Ventures, Agmen Capital

## Investors

- Harmony Venture (https://capitalatlas.ai/funds/harmony-venture) — Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Series A
- Splash Capital (https://capitalatlas.ai/funds/splash-capital) — Series A
- Uncorrelated Ventures (https://capitalatlas.ai/funds/uncorrelated-ventures) — Series A
- Agmen Capital (https://capitalatlas.ai/funds/agmen-capital) — Series A