Kive, a Stockholm, Sweden-based inspiration management platform built for creatives, has closed $7 million in seed funding.
The round was led by Heartcore, with participation from Creandum, EQT Ventures, and angel investors such as Intercom Co-founder Des Traynor and VEED Co-founder Sabba Keynejad.
With the new funding, Kive plans to do the opposite of what many others are currently doing. Instead of aggressive scale-downs, the company will bring on board the best engineering, product, and design talent to tackle the many exciting challenges of their continued journey.
Olof Lindh, CEO and Founder of Kive, said, “With the new funding, we’re looking to add the brightest minds in product development to our ambitious team and put even more energy into building the next big global product company out of Stockholm. We are extremely happy to have Heartcore in our corner on the way there, and their leading a $7M seed round in the current market environment is a testament to their huge conviction in the space, vision, product, and team.”
Company: To Labs AB
Raised: $7.0M
Round: Seed Round
Funding Month: October 2022
Lead Investors: Heartcore,
Additional Investors: Creandum, EQT Ventures, Des Traynor, and Sabba Keynejad
Company Website: https://www.kive.ai/
Software Category: Inspiration Management Platform
About the Company: Kive was founded in 2018 by Olof Lindh in Stockholm with the mission to make creative life better, from inspiration to presentation. Kive is a platform for media asset hosting and management, collaboration, data enrichment, smart discovery, and search. It is an intuitive, cloud-based visual library for creatives and creative teams. Through AI and machine learning technology, Kive allows users to create beautiful self-organizing visual libraries in which added assets are automatically tagged, sorted, and categorized. Users can search across objects, light types, colors, faces, emotions, and thousands of other concepts. Custom features allow users to extract references from any video, present interactive mood boards, and discover inspiration from other creatives. The fast-growing inspiration management platform currently has over 10,000 creatives on the waiting list.
Source: https://techfundingnews.com/end-to-end-platform-for-creative-collaboration-kive-closes-7m-funding/