Hivebrite, a Paris, France-based community and engagement platform, secured $37 million in Series B funding.
SaaS Investors
The round was led by Quadrille Capital, with participation from Insight Partners and angel investor Edward Filippi.
Founded in 2001, Quadrille is an independent investment manager providing global coverage of venture capital and growth equity. Quadrille has supported high-growth companies in Europe, the United States, and Asia for more than 20 years. Quadrille currently manages €1.6Bn out of Paris and San Francisco on behalf of institutions and families, primarily in Europe, the United Kingdom, and the Middle East.
Hiverbrite Use of Funds
The new funding will support platform innovation and team expansion to better serve its customers.
About Hiverbrite
Founded in 2015 by Jean Hamon, Hivebrite is an all-in-one community management and engagement platform. It empowers organizations to launch, manage, and grow fully branded private communities. Hivebrite is completely customizable and provides all the tools needed to strengthen community engagement. The company serves over 900 organizations in more than 50 countries, including Boeing, Roche, the Obama Foundation, and educational institutions like the University of Notre Dame and the U.S. Naval Academy.
Funding Details
Company: KIT United SAS
Raised: $37.0M
Round: Series B
Funding Month: October 2023
Lead Investors: Quadrille Capital
Additional Investors: Insight Partners and Edward Filippi
Company Website: https://hivebrite.io/
Software Category: Enterprise Social Networking Software
Source: https://www.prnewswire.com/news-releases/hivebrite-raises-37-million-for-its-community-management-solution-301960380.html