Hive Raises $10.6M in Series A Funding

hiveHive, a NYC-based provider of a real-time collaboration platform, raised $10.6m in Series A funding.

The round, which brought total funding raised to date to $16.7m, was led by Comcast Ventures with participation from existing investors Tribeca Venture Partners, Vocap Investment Partners, and Rembrandt Venture Partners.

The company intends to use the funds to continue to expand operations and its business reach.

Led by John Furneaux, CEO and cofounder, Hive provides a real-time productivity platform, including chat, tasks, email, notes and the analytics for senior managers.
The company is now working to add features such as those to:
– automate email management, automatically identifying next steps from emails and assigning tasks to the appropriate team members;
– turn recurring meetings into real-time notes, automatically recapping previous meetings and assigning next steps;
– auto-suggest project plans from the large library of projects, allowing teams to choose the smartest approach to problems already encountered by others.

Hive, launched from global accelerator AngelPad, currently serves Starbucks, Google, WeWork, Uber and the United States Government, etc.



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