France

[Funding alert] Paris-based Hivebrite Raises $37M in Series B Round Funding

Oct 18, 2023 | By Startup Rise EU

Paris-based Hivebrite Raises $37M in Series B Round Funding. This latest funding highlights the growing demand for Hivebrite’s product and its leadership in the community-building industry.
Jean Hamon - CEO of Hivebrite

Paris-based Hivebrite Raises $37M in Series B Round Funding. This latest funding highlights the growing demand for Hivebrite’s product and its leadership in the community-building industry.

Quadrille Capital led the round, alongside existing investor Insight Partners, and angel investor Edward Filippi. The new capital will fuel Hivebrite's continued platform innovation and expand its global team to further support its customers.

Read also - Belgium-based Ampacimon Secures $10.6M USD Series C Round Funding

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Convinced of the transformative power of online communities to share knowledge and opportunities, unite around a cause, or build a deeper relationship with stakeholders, Founder and CEO Jean Hamon launched Hivebrite in 2015.

Read also - Medtech Company Homed-IQ Secures €1M in Funding

Fast forward to 2023, over 900 organizations in more than 50 countries trust Hivebrite to power their communities. Hivebrite clients include Boeing, Roche, the Obama Foundation, the National Academy of Sciences, the Aspen Institute, the University of Notre Dame, the U.S. Naval Academy, and U.C. Davis.

Read also - CA-based Creative Force Secures $8.9M Series A Round Funding

Jean Hamon, Hivebrite Founder and CEO, says: “At Hivebrite, we believe in the transformative power of online communities to drive growth, accelerate change, and generate operational efficiencies. This funding reflects our continued momentum, rapid customer base growth, and the success customers experience using our platform. Our new capital will help us further strengthen our platform, especially in relation to deeper customization possibilities, smart connections between community members, and user experience. We will also expand our global team to bring even more innovation and business value to our customers worldwide.”

Peter Sobiloff, Managing Director at Insight Partners, says: “Hivebrite’s remarkable growth and impact has enabled deeper customization and automation in community management while further enhancing user experience. The impact Hivebrite has had on global organizations is a testament to the company’s vision and the dedicated team around it. We look forward to our continued partnership with Hivebrite as they grow and scale up.”

Brice Delome, Partner at Quadrille Capital, says: “Hivebrite is a perfect example of the companies we seek out with Quadrille’s Growth Equity program. An ambitious team, building a leading product and looking to partner with global investors to address global opportunities. We are thrilled to support Hivebrite as they empower communities to thrive and maximize their social impact.”

About Hivebrite

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.

Read also - London-based SME lender, iwoca Raises £200 million in Funding

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