Cloud storage startup Hive.im, creators of the first social network for file sharing, has raised a seed round of US $500,000. The funding news also signifies the Hong Kong startup’s move out of beta and they’ll be using the capital to build out their product and their San Francisco-based team.
Hong Kong startup support and investment platform Bigcolors headed up the deal, with German cloud-based DDoS-mitigation service provider Link11 GmbH also contributing to the round. Co-founder and CEO Thierry Lehartel said in a release that Bigcolors and Link11 GmbH are perfect strategic partners as they’re not only able to support the backend of the Hive social network, but can also help speed up global expansion plans.