Today community and engagement platform Hivebrite announced that it has raised a $37 million series B funding round.
Founded in Paris in 2015, Hivebrite has developed an all-in-one SaaS community engagement platform, enabling organisations across industries to launch, manage, and grow private, fully-branded communities.
Over 900 organisations worldwide use Hivebrite to build and engage vibrant communities, including Boeing, Roche, the Obama Foundation, the National Academy of Sciences, the Aspen Institute, the University of Notre Dame, the US Naval Academy, and UC Davis.
This latest funding brings the company's financing to €56.2 million.
Quadrille Capital, existing investor Insight Partners, and angel investor Edward Filippi led the round. The new capital will fuel Hivebrite's continued platform innovation and expand its global team to support its customers further.
According to Hivebrite CEO and Founder Jean Hamon:
"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 community management automation, deeper customisation possibilities, 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, shared:
"Hivebrite's remarkable growth and impact has enabled deeper customisation and community management automation while enhancing user experience.
"We look forward to our continued partnership with Hivebrite as they grow and scale up."
Lead image: Fabio.