Hivebrite, the esteemed community and engagement platform, has successfully raised $37 million in a Series B funding round, signaling a significant milestone for the company and highlighting the increasing demand for its innovative product. Quadrille Capital, a leading investment firm, led the round, with participation from existing investor Insight Partners and angel investor Edward Filippi.
The infusion of capital will be instrumental in driving Hivebrite’s ongoing platform innovation, enhancing customization options, and expanding its global team to better serve its diverse clientele.
Founded by CEO Jean Hamon in 2015, Hivebrite has emerged as a trailblazer in the community-building industry. Recognizing the transformative potential of online communities to foster knowledge sharing, unite around causes, and establish profound relationships with stakeholders, Hamon created an all-in-one community engagement platform. Hivebrite’s SaaS platform empowers organizations across various sectors to create private, fully-branded communities tailored to their strategic goals. The platform offers a robust suite of features and modern APIs designed to bolster community engagement.
Presently, over 900 organizations spanning more than 50 countries place their trust in Hivebrite to power their communities. Among Hivebrite’s esteemed clientele are industry giants like Boeing and Roche, as well as influential institutions such as the Obama Foundation, the National Academy of Sciences, and leading universities like the University of Notre Dame and U.C. Davis.
Expressing his enthusiasm for the funding, Jean Hamon, Founder, and CEO of Hivebrite, stated, “This funding underscores our continuous momentum, rapid customer base growth, and the success stories of customers leveraging our platform. With this capital injection, we are poised to enhance our platform significantly, focusing on deeper customization options, intelligent member connections, and an enhanced user experience. Additionally, we plan to expand our global team, ensuring that we continue to deliver innovation and business value to our clients worldwide.”
Peter Sobiloff, Managing Director at Insight Partners, commended Hivebrite’s growth and impact, emphasizing the platform’s role in advancing customization and automation in community management while enhancing user experiences. He expressed eagerness about the ongoing partnership with Hivebrite as they continue to expand and scale.
Brice Delome, Partner at Quadrille Capital, praised Hivebrite as a prime example of the companies sought out through Quadrille’s Growth Equity program. He highlighted the company’s ambitious team, leading product, and global opportunities. Delome expressed Quadrille Capital’s excitement in supporting Hivebrite as they empower communities to thrive and amplify their social impact.
This significant funding round positions Hivebrite as a key player in the evolving landscape of community management, paving the way for further innovation and empowering organizations worldwide to build stronger, more engaged communities.