Hive HR raises £1.2 million Series A investment led by Maven

Maven has led a £1.2 million investment into Hive HR (Hive). The innovative employee engagement Software-as-a-Service (SaaS) platform Maven co-invested alongside the North East Development Capital Fund, supported by the European Regional Development Fund, Growth Capital Ventures, as well as a network of private investors and management.

The funding will enable Hive to invest in its sales and marketing resource and create a number of new roles to deliver on its ambitious expansion plans, whilst support the roll out of a number of innovative product enhancements.

Hive is a cloud-based platform (www.hive.hr) that supports the HR function of organisations to help them improve employee engagement and communication. The platform collates and analyses employee feedback in real time and on a continuous basis, which serves to continually evolve and improve the HR function within a business, as well as helping to clarify and implement new policies and services for their employees.

The business already boasts an impressive client list across a number of sectors, including banking, government bodies, property and education. These include Hermes, Shop Direct, Travelodge, Tarmac, River Island and various NHS and public sector organisations. 

The cloud services market has grown rapidly in recent years and this shift is particularly prevalent in HR software with SaaS centric platforms set to increase from 28% globally in 2017 to 86% by 2022.

The workplace is constantly evolving, and organisations must remain dynamic to ensure more than ever that they are keeping their employees happy, motivated and engaged. The Hive platform helps remove the additional burden this is creating for HR and leadership teams and is helping them respond better and more quickly to employee feedback to deliver initiatives and services to help retain and motivate staff in what is an increasingly competitive environment. John has built an impressive senior management team around him and we are delighted to support the business as it enters an exciting new phase of growth.

Alex Marsh, Investment Manager at Maven

Hive has grown quickly in the last three years with very little capital. The whole team are now excited about what we will achieve with the additional backing from investors and are really pleased to welcome Maven as part of this round.

John Ryder, Managing Director at Hive HR


Infinity Works Consulting secures investment from Growth Capital Partners

Growth Capital Partners (“GCP”), is pleased to announce a new investment in Infinity Works Consulting Limited, partnering with the founder management team to support significant additional scale and reach and help increase its share of the multi-billion-pound market for IT services.

Infinity Works is a high growth software consultancy with a full stack offering from infrastructure to front-end delivery. Services include , technology consulting, organisational optimisation,project and product delivery, training, cloud migration and strategy and managed services.

The founders left well-paid jobs in the Leeds technology sector to launch the business in 2014 with two short contracts with NHS Digital and a desk in a co-working space. 

This year, turnover will exceed £30m from a blue-chip client base including health and care providers, supermarket groups, leisure groups,  delivery companies and major financial institutions.

Paul Henshaw, Founder & Director of Infinity Works, commented:

“After five years of funding growth ourselves, we are delighted to be bringing Growth Capital Partners on board as a minority shareholder. GCP specialises in supporting high-growth UK businesses, has proven expertise in the technology sector and considerable know-how and networks in our current and future growth markets. There is a very good cultural fit between our teams and we are looking forward to working together during the next phase of growth.”

Alex Thomson, Investment Director, GCP, commented:

“We are thrilled to have completed an investment to support the exciting growth plans of the Infinity Works team. With its impressive full stack delivery capability, DevOps expertise and its proven cloud track record, Infinity Works is ideally placed to benefit from the growing market demand for a collaborative and outcomes focused approach to digital product development and transformation. We look forward to working with management to nurture the unique culture they have developed in the business and to support significant scaling for further accelerated growth”