HiveHR secures £500k seed funding led by Maven
The financing round was led by Maven Capital Partners alongside the government-backed Future Fund.
HiveHR provides an employee listening platform that helps organisations maintain connection with remote staff. The company operates in the software as a service sector.
Newcastle-based HiveHR has secured £500k in a seed follow-on funding round led by Maven Capital Partners via the North East Development Capital Fund. The round also included participation from the government-backed Future Fund. The capital follows a strong period of growth driven by increased demand for remote workforce solutions and will be used to accelerate product development and outbound sales.
The business provides employee voice technology to corporate clients including River Island and Hermes. Management is led by founder and chief executive John Ryder, who has extensive experience in the digital sector.
Investor perspective
"Despite an incredibly challenging year, the Hive platform continues to provide a key service to more and more organisations as they evolve their remote working operation. Today’s transaction is a further testament to all that Hive has achieved since we originally invested in 2019 and our belief in the future growth of the company. John and his team have created a strong business and we look forward to working with them as they accelerate their development plans."
David Nixon
Senior Investment Manager, Maven Capital Partners
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
