Hive raises $27M Series B led by Frontier Growth, mostly to buy out Avenue Growth Partners
Live event marketing tech startup Hive brings on Frontier Growth with Series B
AI Overview
Kitchener-Waterloo-based Hive raised $27 million USD (nearly $38 million CAD) in Series B equity from Frontier Growth.
Why it matters
Hive's Series B is mostly secondary capital that buys out its earlier investor, a structure that shows how a bootstrapped vertical SaaS company can give an early backer an exit while bringing in a growth partner.