Tech Company Financing Transactions
HiveLive Funding Round
On 2/27/2008, HiveLive raised $5.6 million in Series A financing from Grotech Ventures and private investors.
Transaction Overview
Company Name
Announced On
2/27/2008
Transaction Type
Venture Equity
Amount
$5,600,000
Round
Series A
Investors
Grotech Ventures (Lead Investor) (Joseph Zell)
Proceeds Purpose
The infusion of new capital will allow HiveLive to pursue key objectives around growth and innovation. "This funding allows us to continue the momentum of our market launch in November, enabling us to scale our marketing and sales effort to meet the exponential growth we're seeing as companies embrace Marketing 2.0 technologies," said Kembel. "It also supports our R&D focus, so we can increase our lead in enterprise social networking by continually expanding on our ability to deliver custom-fit customer communities."
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
1731 Fifteenth Street 101
Boulder, CO 80302
USA
Boulder, CO 80302
USA
Phone
Website
Email Address
Overview
HiveLive's on-demand software enables companies to rapidly deploy custom-fit enterprise communities built around people, their relationships, and their shared knowledge. The foundation of our patent pending technology is a new Web 2.0 building block (called a Hive) that can be easily configured to function as a wide range of community applications (blogs, wikis, forums, FAQs, and more).
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Kembel
Co-Founder
Geoff Kembel
VP - Engineering
Anton Ushakov
VP - Finance
Ed Messman
VP - Marketing
Tracey Floming
VP - Sales
Mike Rosol
Browse more venture capital transactions:
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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