Equity financing for Hive Streaming from Verdane, provider of employee video communications to Facebook, Microsoft, EY & PwC
Hive Streaming (Hive) is based in Stockholm, Sweden, with sales and offices also in the US, Germany, UK and South America. It was founded in 2007 and has been privately funded since inception.
The company enables organisations to improve employee engagement with video communications by solving the challenge of delivering high quality live and on-demand video to employees’ devices. The products are a result of many years of research and development spanning multiple technology areas from the Swedish Institute for Computer Science and the Royal Institute of Technology in Stockholm, and are used by some of the world’s largest and most demanding customers such as Microsoft, Facebook, EY, PwC.
Hive now has a complete solution available for the commercial market and has successfully proven that their product addresses a demand in a growing market.
This means that Hive has been able to secure financing from Verdane, comprising of both secondary shares and primary funding to support and accelerate the company’s growth.
These funds will mainly be used to accelerate sales efforts, introduce new products and increase efforts in the US, including a regional HQ.
Facebook, Microsoft, EY, PwC