The Hive raises $26.5 mln third fund from Verizon Ventures, Software AG, GE, Rockwell ...
Summary
The Hive said it raised a $26.5 million third fund from investors including Verizon Ventures, Software AG, General Electric, Rockwell Automation, March Capital Partners and unnamed individuals.The Hive’s unique equity value creation structure for creating and launching startups is highly differentiated from VCs and incubators and employs a high-touch model that applies its deep entrepreneurial and business expertise to start companies with entrepreneurs.The Hive startups are focusing on applications of blockchain in the form of trade instruments, trusted service operations and shared asset tokens that redefine business processes between enterprise institutions.In addition to collaborating with entrepreneurs for co-creation, The Hive partners closely with corporations including GE, Cisco, Verizon, Software AG, SAP and eBay to build and launch startups.GE’s investment in The Hive demonstrates the importance of creating value from digitization on the design, control and service of industrial assets,” said Abhishek Shukla, Managing Director, GE Ventures.
Funding
Review available funding amount, funding date, investors, and linked company information related to The Hive raises $26.5 mln third fund from Verizon Ventures, Software AG, GE, Rockwell ... in the interactive ISVWorld profile.
Classifications
AskAI Classifications
LabelsLinked Companies
