# Hive Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hive-technology

- Industry: Software
- Headquarters: New York, US
- Website: www.hive.com
- Total disclosed funding: $12M
- Latest round: Series A (Nov 12, 2019)
- Investors on record: 4

## About

Hive Technology, Inc. is a project management software company that enhances team collaboration and streamlines workflows through innovative tools designed for diverse organizational needs.Founded in 2016 in New York, US, Hive Technology, Inc. specializes in project management solutions. The company has engaged in four funding deals, with the latest round occurring on August 31, 2021, raising USD 10.000 mn led by Rembrandt Venture Partners, alongside investors like Zoom Video Communications, Inc. The founders of Hive include Asger Stjernholm, Denys Horobzieiev, Eric Typaldos, and Tyler Hall, with Yusuf Mai serving as the CEO.Hive offers a comprehensive project management software designed to streamline workflows and enhance team collaboration. Its core product includes features such as project templates, task tracking, time management, and approval processes. Users can manage tasks across various formats like Kanban boards, Gantt charts, and calendars. The platform primarily targets teams in marketing, higher education, and non-profits, enabling efficient project execution by automating tasks and centralizing communication. Hive serves a diverse client base across North America, Europe, and Asia, adapting the software to various operational needs.Hive generates revenue through a subscription-based model with plans starting at USD 5 per user per month. Clients access the platform directly for project management tools that include features like time tracking and resource management. Subscription plans accommodate different organizational sizes, from small teams to large enterprises, with tiered pricing structures based on feature utilization.In August 2021, Hive Technology, Inc. raised USD 10.000 mn in venture funding, which will be utilized to develop a democratic software platform where all product decisions are made by users. The company plans to expand its market reach by targeting new geographic regions, although specific markets have not been disclosed. The funding will support the development of new products and enhance existing offerings to better meet user demands.

## Funding rounds

- Series A, Nov 12, 2019, $11M — Comcast Ventures, Rembrandt Venture Partners, Tribeca Venture Partners, Vocap Investment Partners
- Seed, Mar 25, 2016, $1.4M — Tribeca Venture Partners

## Investors

- Tribeca Venture Partners (https://capitalatlas.ai/funds/tribeca-venture-partners) — Seed, Series A
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Series A
- Rembrandt Venture Partners (https://capitalatlas.ai/funds/rembrandt-venture-partners) — Series A
- Vocap Investment Partners (https://capitalatlas.ai/funds/vocap-investment-partners) — Series A