The Hive Closes Second Fund, at $22M
Summary
Ravi, Managing Director, and Sumant Mandal, The Hive is an incubator/accelerator and also serves as early stage investor, providing seed funding, strategic business counsel and go-to-market expert to its portfolio companies.It makes initial seed investments of $1.5m to $2m, provides follow-on capital, and helps syndicate future rounds of financing with venture capitalists.Investments focus is on data-driven applications in enterprise, Internet of Things and online segments spanning verticals such as retail and e-commerce, financial services, and media and advertising.The enterprise focus is on a new generation of Line of Business applications driven by predictive analytics as well as in areas such as security, data center management, CRM and marketing.The Hive I, which was started in 2012, invested in eleven companies and realized its first exit when Pinterest acquired Kosei, a machine learning commerce recommendation engine, in January 2015.
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