Hive, a NYC-based productivity software platform, raised $10m in funding.
The round was led by Rembrandt Venture Partners, with participation from Zoom Video Communications, Inc.’s Zoom Apps Fund, and existing investors Tribeca Venture Partners and Angelpad.
The company will use the funding to build the software platform, where all product decisions are made democratically by users.
Led by John Furneaux, co-founder and CEO, Hive is a community-built project management and collaboration platform for teams of all sizes to move faster and work together. The company maintains a public product roadmap where its users can request features they would like to see in the product. The order in which the features are delivered by Hive’s engineering team is decided by the number of votes each request receives. Two in three users will get a feature they’ve requested built within their first year. One of Hive’s community-driven products, Hive Notes, recently debuted as a standalone collaborative note taking and task management app for Zoom Meetings.
Customers include teams at Anthem, Comcast, Electronic Arts and Toyota.