Beehive Raises $5m in Series A Funding
Summary
The company intends to use the funds to further expand its digital model and drive product and market expansion.Led by Craig Moore, Founder and CEO, Beehive provides a P2P platform for the MENA region.Beehive directly connects businesses looking for finance with a crowd of investors, creating mutually beneficial partnerships for growth.Beehive undertakes thorough due diligence on each business listed on the platform and facilitates the finance agreement between the business and investors, charging a small percentage fee of the finance amount.To date, the company has facilitated finance over $35m (AED 130m) to more than 200 business funding requests and registered more than 5000 international investors.
Funding
Amount
$5.0M
Total raised
Date
October 2, 2017
Announcement date
Investors
Beehive
Lead investors
Company
http://www.beehive.ae
Funded company
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