HiveLive raises $5.6M more for corporate social networks

Venture Beat — Thu, 28 Feb 2008 04:54:42 -0800

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.