Employee engagement SaaS solution secures funding after enjoying strong growth and doubling revenue in the last 12 months.  £1.75 million funding round includes £500,000 investment from the North East Development Capital Fund, supported by the European Regional Development Fund.

The North East Development Capital Fund has co-led a £1.75 million funding round for Newcastle-based Hive HR Ltd, an innovative employee engagement Software-as-a-Service (SaaS) solution. The Fund, which is managed by Maven Capital Partners, has invested £500,000, alongside £1 million of funding from Maven’s VCTs and £250,000 from existing shareholders.