Hive HR

Bio

Hive offers a cloud-based platform (www.hive.hr) assists organisations in the question formation, delivery, data collection and analysis of employee feedback surveys on a real time and continuous basis to enable them to improve employee engagement. The platform allows clients to upload employee information, set survey questions with the help of example question sets and distribute to staff via e-mail or text message with links that automatically go to the survey without the need for complicated log-in procedures.

Deal size

£1,200,000

Region

Newcastle upon Tyne

Funding need

Sales and marketing and job creation

Sector

Technology

Hive has grown quickly in the last three years with very little capital. The whole team are now excited about what we will achieve with the additional backing from investors and are really pleased to welcome Maven as part of this round.

John Ryder
Managing Director of Hive HR

Growth Journey

Hive was originally invented to challenge traditional employee surveying, its flexible employee feedback platform has provided an agile and intuitive alternative for HR and business professionals.

The Hive platform technology continues to be enhanced with new features to meet the growing needs of modern, changing organisations. And, with the development of Hive People Science, the business is empowering organisations to drive real cultural and organisational change by understanding and listening to their employees.

The cloud services market has grown rapidly in recent years and a paradigm shift is currently taking place with software increasingly being deployed via the cloud. This shift is particularly prevalent in enterprise software, and HR software in particular, with 28% of global HR enterprise applications being delivered on a SaaS basis in 2017, which is forecast to increase significantly to 86% by 2022.

The funding will enable Hive to invest in its sales and marketing activities and create a number of new roles to deliver on its ambitious expansion plans, whilst continuing to roll out a number of exciting product enhancements.

Could the North East Development Capital Fund help support your growth journey?

If you’re running a North East business that’s looking to grow, we’d love to hear from you. Feel free to give us a call to find out more about our flexible funding solutions:

0191 731 8590

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