HiveHR Limited

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HiveHR Limited - overview

Established

2015

Location

Newcastle upon Tyne, England, UK

Primary Industry

Software

About

HiveHR Limited enhances employee engagement through digital tools that improve workplace culture and performance, focusing on data-driven insights and continuous feedback mechanisms across various sectors. HiveHR Limited was founded in 2015 in Newcastle upon Tyne, UK. The company specializes in providing digital solutions aimed at boosting employee engagement. John Ryder serves as both the CEO and Founder.


In June 2021, HiveHR raised GBP 500,000 in a Seed funding round led by Maven VCT with participation from British Business Bank. The total amount raised by the company stands at GBP 500,000. HiveHR has successfully completed 4 deals since its inception. HiveHR focuses on enhancing employee engagement through a suite of digital tools designed to foster workplace culture and performance.


Its core offerings include employee engagement surveys, feedback tools, and People Science insights. Flagship products like Hive Surveying, Hive Open Door, Hive Fives, and Hive Messenger allow organizations to conduct confidential surveys, facilitate peer recognition, and maintain open communication between employees and management. These tools cater to various sectors, including education, healthcare, and public services, and serve clients in global markets such as North America, Europe, and Asia-Pacific. In 2022, HiveHR reported a revenue of GBP 2,706,115.


30 with an EBITDA of GBP -1,295,372. 60, reflecting the financial performance of the company during that period. Following the Seed funding raised in June 2021, HiveHR Limited plans to utilize the financing to enhance its outbound sales efforts, aiming to expand its digital presence. The company is focusing on the development of new products that aim to further improve employee engagement.


Additionally, HiveHR has plans to expand into new markets, targeting regions in North America and Europe, though specific timelines have not been disclosed.


Current Investors

European Regional Development Fund, Growth Capital Ventures Limited, Maven VCT

Primary Industry

Software

Sub Industries

Social Networking & Communication Platform, Analytics & Performance Software, HR & Workforce Software

Website

www.hive.hr

Verticals

Cloud Computing, Mobile Apps

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

HiveHR Limited - timeline of key events

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HiveHR Limited - financials

Fiscal Year EndedDec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022
Revenue (USD)933,977---
% Revenue Growth (YoY)----
EBITDA (USD)(952,335)---
Operating Income (USD)(1,023,208)---
Operating Margin(109.6%)---
% EBITDA Margin(102.0%)---
NET Income (USD)(923,156)---
% Net Margin(98.8%)---

HiveHR Limited - employee data

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