# Introhive Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/introhive-services

- Industry: Software
- Headquarters: Fredericton, Canada
- Website: www.introhive.com
- Total disclosed funding: $110M
- Latest round: Series C (Jun 16, 2021)
- Investors on record: 10

## About

Based in New Brunswick, Canada, and founded in 2012 by co-founders Jody Glidden and Stewart Walchli, IntroHive provides cloud-based software that allows organizations to analyze their employees' connectedness and uncover relationships for internal salespeople that lead to customer development. In June 2021, Introhive Services Inc. raised CAD 121.3 million in Series C funding led by investor Providence Strategic Growth, with participation from investors Aegis Group Partners, BDC Capital, Evergreen Coast Capital, and Mavan Capital Partners.
 
Introhive offers a customer intelligence platform (CIP), which supports professional services firms by uncovering contacts, companies, activities, and relationships within their networks. This empowers professionals to identify key contacts, companies, and past interactions, fostering collaboration and driving informed decision-making. The platform helps identify clients and connections within the existing network, increasing opportunities for cross-selling and upselling services. By automating data entry and streamlining access to client information, Introhive reduces administrative burdens and frees up valuable time for billable activities. Introhive provides insights into client relationships and past activities, allowing firms to identify high-value clients, assess risk factors, and develop targeted marketing campaigns. The company serves firms like law firms, accounting firms, and consultancies.
 
Introhive Services Inc. will use the June 2021 funding to expand its global footprint and grow its engineering, sales, and marketing teams.

## Funding rounds

- Series C, Jun 16, 2021, $100M — BDC Capital, Elliott Management, PSG Equity, Aegis Group Partners, MAVAN Capital Partners
- Series B, Jul 10, 2015, $7.2M — Build Ventures
- Series B, Jun 26, 2013, $1.5M — Build Ventures
- Series A, Dec 17, 2012, $1.8M — GrowthWorks Capital, New Brunswick Innovation Foundation
- Seed, Jan 1, 2012 — GrowthWorks Capital, Fortify Ventures, Virginia Venture Partners, New Brunswick Innovation Foundation

## Investors

- GrowthWorks Capital (https://capitalatlas.ai/funds/growthworks-capital) — Seed, Series A
- Fortify Ventures (https://capitalatlas.ai/funds/fortify-ventures) — Seed
- Virginia Venture Partners (https://capitalatlas.ai/funds/virginia-venture-partners) — Seed
- New Brunswick Innovation Foundation (https://capitalatlas.ai/funds/new-brunswick-innovation-foundation) — Seed, Series A
- Build Ventures (https://capitalatlas.ai/funds/build-ventures) — Series B
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series C
- Elliott Management (https://capitalatlas.ai/funds/elliott-management) — Series C
- PSG Equity (https://capitalatlas.ai/funds/psg-equity) — Series C
- Aegis Group Partners (https://capitalatlas.ai/funds/aegis-group-partners) — Series C
- MAVAN Capital Partners (https://capitalatlas.ai/funds/mavan-capital-partners) — Series C