‘Social’ Cloud Storage Platform Hive.im Raises $500,000

A ‘social’ cloud storage platform has raised $500,000 in seed funding, which will help it take on competitors such as Google Drive, Box and OneDrive.

Hive.im allows users to share documents and explore content without downloading anything.

Cloud storage is touching consumers in a unique way

The money will reportedly be used to expand its team in San Francisco and push mobile app development. The seed funding included participation of Bigcolors, Link11 GmbH, and private angel investors.

“We came out of the gate with a strong start and we are seeing markets around the world lighting up on a weekly basis. It is all product driven, which further validates that our vision of cloud storage is touching consumers in a unique way,” said Thierry Lehartel, Hive cofounder and CEO.

“We want to build up on the momentum and pursue an aggressive growth plan, which will be initially fueled by the funding.”

Hive, which officially came out of beta this week, is the first social network for file sharing and says it focuses on personal content discovery and sharing rather than the traditional pay-per GB model.

“We chose to partner with Bigcolors and Link11 GmbH, as companies that can advise in developing and driving the adoption of the Hive social network on a global basis. Hong Kong based Bigcolors has the experience and know-how to take Hive deeply into Asia and help with U.S. expansion, while German-based Link11 provides the backbone of the secure and scalable Hive cloud service.”

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