Hive Cloud Limited, a San Francisco-based creator of a social network for file sharing, secured $500K in seed financing.
Backers included Bigcolors, Link11 GmbH, and private angel investors.
The company plans to use the funding to build out the team and accelerate scaling of the platform to manage the global growth of the service.
Led by Thierry Lehartel, cofounder and CEO Hive is a social network for file sharing that flips the cloud storage upside down by focusing on the personal content discovery and sharing rather than the traditional pay-per GB model. It offers free unlimited storage as well as the ability to share content within groups or lock content in private folders. Hive users can upload any type of file, including documents, photos, music, and video from their device or have Hive itself retrieve files for them, freeing their desktop storage.
Since its beta launch in October 2014, Hive has grown throughout the world and has been localized in English, French, Japanese, Spanish, and Portuguese with additional markets under development.
It officially came out of beta this week.
FinSMEs
22/12/2014