The North East Development Capital Fund has led a £500,000 funding round for Newcastle-based HiveHR Ltd, an employee listening tool, operating in the Software-as-a-Service (SaaS) space. The Fund, which is managed by Maven Capital Partners, has invested £250,000, alongside £250,000 from the Future Fund, a government backed scheme supported by the British Business Bank.
John Ryder, Founder and CEO of Hive HR, said: “The pandemic has placed the spotlight on some very distinctive issues that elevate the case for Employee Voice further—such as remote and flexible working, wellbeing, inclusion, and culture. So, it’s great that we now have even more resource to continue to grow the business.”
Hive is a B2B SaaS proposition playing in the work tech space and provides organizations with a modern and actionable approach to employee voice.
Announcement: HiveHR Raises £500k for Employee Feedback Platform