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HiveLive raises $5.6M more for corporate social networks

Chris Morrison, VentureBeat02.28.2008
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HiveLive, one of many companies in the business of making social networking software for the corporate environment, has raised another round of funding closely following its first.

Although quite a few other companies are focused on building social networks, HiveLive has a building-block approach that lets users mix in elements of blogging, wikis and other applications. We’ve written more about it in a story on February 4th.

In the same story, we reported that the company had gotten $2.2 million from angel investors. The $5.6 million second funding was led by Grotech Capital Group, and joined by the company’s existing investors.

Reprinted with permission from VentureBeat. Story copyright 2008 VentureBeat Inc. All rights reserved.

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