Pre-IPO Marketplace Hiive Seeks New Cash as Competition Heats Up
Hiive Markets Ltd., an online trading platform for shares of venture-backed companies, is hoping to raise as much as $100 million as soon as this year, its chief executive officer said.
The Vancouver-based startup, founded in 2021, is profitable and wants a funding infusion to move faster, founder and CEO Sim Desai said in an interview with Bloomberg News. Its Series B target is an ambitious leap from 2023, when it raised C$5.7 million ($4.2 million) from investors including Uncorrelated Ventures, Splash Capital LLC and Harmony Venture Partners.
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