Insight Partners leads $20m series-A round for Hivebrite

Insight uses Hivebrite's products, and funding was catalysed in part by Insight Partners' satisfaction as a Hivebrite customer. Prior lead investor Edward Filippi also took part in the funding round.

The proceeds from the funding will be used to enable growth through expansion in the US and Europe, and invest in product development.

According to the website Crunchbase, the business had raised seed funding in 2016 and in 2018, the latter round amounting to €2.3m.

Since the start of the year, Insight has already backed a number of European businesses, including Switzerland-headquartered cloud software group Veeam Software, UK-based accountancy software developer Receipt Bank and Sweden-based Tink, a banking app.

Company 
Founded in 2015, Hivebrite is a provider of branded community management platforms, helping institutions of all sizes grow and engage their private communities. The business serves around 400 clients and employs more than 50 people. Based in Paris, it also has offices in New York.

Hivebrite counts the University of Notre Dame, TED, the New York Stock Exchange, and The Fulbright Program among its customers.

People
Hivebrite – Jean Hamon (CEO).

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• Topics
• Expansion
• France
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• Insight Venture Partners