Company gets boost from UCAN, Palmetto Angel Fund
Greenville-based startup TipHive got a top up this week from the Greenville-based Upstate Carolina Angel Network and The Palmetto Angel Fund. Investment details from the angel groups were not disclosed.
TipHive Founder and CEO Joost Wentwink said the investment will help advance the product and refine marketing, outreach and user acquisition for new users, as well as with existing and enterprise customer experience and design efforts.
“In our business, we get people from all over the Internet, and it’s incredibly important for the product that we explain very clearly what it does,” he said. “We’re using the funding to release a new version by the end of the year using our learnings from existing users.”
TipHive is a cloud-based software platform that facilitates communication and knowledge sharing via “hives” that store and share information on any topic. The company relocated to Greenville as a startup in The Iron Yard’s 2013 accelerator, and has since attracted attention from local investors as well as SC Launch.
“This is a market that is very large, and we are definitely interested in building a very substantial company,” he said. “We’re not looking at it as a lifestyle business.”
Wentwink said TipHive currently has seven enterprise customers across the healthcare, financial services, university and manufacturing industries, and is in the process of onboarding several more.
TipHive employs five people full time in addition to four on contract. The company works out of the Next on Main offices in downtown Greenville.
[ Photos by Greg Beckner unless otherwise noted ]
