Hivebrite, a premier community and engagement platform, has secured $37 million in Series B funding. This latest round of funding demonstrates the growing demand for Hivebrite’s product as well as the company’s leadership in the community-building business. Quadrille Capital led the round, with previous investor Insight Partners and angel investor Edward Filippi also participating. The fresh funds will be used to fuel Hivebrite’s platform innovation and to expand its worldwide team to better serve its clients.
Convinced of the transformative power of online communities for sharing knowledge and opportunities, uniting around a cause, or developing closer relationships with stakeholders, Jean Hamon, the company’s founder and CEO, founded Hivebrite in 2015. Organizations across sectors can use Hivebrite’s all-in-one community engagement platform to create private, fully-branded communities to meet their strategic goals. To improve community interaction, the SaaS platform provides world-class functionality and modern APIs.
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By 2023, nearly 900 organizations in more than 50 countries have chosen Hivebrite to power their communities. Boeing, Roche, the Obama Foundation, the National Academy of Sciences, the Aspen Institute, the University of Notre Dame, the United States Naval Academy, and the University of California, Davis are among Hivebrite’s clients.
“At Hivebrite, we believe in the transformative power of online communities to drive growth, accelerate change, and generate operational efficiencies,” says Jean Hamon, Founder and CEO. This funding shows our ongoing momentum, quick customer base growth, and the success our customers have had with our platform. Our additional funding will allow us to significantly develop our platform, particularly in terms of deeper customization, smart relationships between community members, and user experience. We will also increase our global staff in order to provide even more innovation and business value to our customers around the world.”
“Hivebrite’s remarkable growth and impact has enabled deeper customization and automation in community management while further enhancing user experience,” says Peter Sobiloff, Managing Director at Insight Partners. Hivebrite’s impact on worldwide organizations is a testament to the company’s vision and the passionate team that surrounds it. We look forward to continuing our collaboration with Hivebrite as they expand and scale.”
“Hivebrite is a perfect example of the companies we seek out with Quadrille’s Growth Equity program,” says Brice Delome, Partner at Quadrille Capital. An ambitious team developing a cutting-edge product and seeking to collaborate with global investors to address global opportunities. We are happy to be able to assist Hivebrite in empowering communities to grow and maximize their social impact.”
