Swedish Startup Kive closes $7M funding

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Swedish Startup Kive closes $7M funding
©  Kive

Swedish inspiration management platform called Kive received $7 million from seed funding. This was lead by Heartcore, which also invested in Finn and Podimo. Additionally, Creandum invested in Timberhub and Klaus after backing EQT Ventures’ world first growth fund. Other key investors include Intercom co-founder Des Traynor and VEED co-founder Sabba Keynejad. Kive is designed for creative people who need help managing their inspiration.

At the moment, the company operates across over 70 countries thanks to increased funding. Additionally, it enjoys rapid global adoption by early access creators and their associated businesses.

Plans To Hire Fresh Talent

Kive plans to use new funding to tackle new tasks instead of reducing previously accomplished goals. The company’s management team will bring in the most talented specialists in each field— including engineering, product and design — to help them meet future goals.

Kive CEO and founder Olof Lindh stated that Heartcore’s $7 million seed round in their product demonstrated the company’s confidence in their project, product and team. Kive looks to add the best minds in product development to their team with this additional funding. They want to continue building a new global product company out of Stockholm.

Heartcore Capital, a part of Levin Bunz’s business, places a great deal of importance on creator economy. We believe the size of this industry is underestimated. Kive is on track to become the ultimate one-stop shop for creative processes; from inspiration to presentation. We were truly impressed by Olof and his team— they built a product that is deeply user-focused, and their strong engagement metrics are testament to that.

End-To-End Platform For Creative Collaboration

Kive was founded in 2018 by Olof Lindh in Stockholm. It’s a cloud-based visual library for creative teams and individuals that strives to improve inspiration, presentation, and creativity. Kive uses artificial intelligence and machine learning to automatically tag, sort and categorize added assets.

With its vast database of terms, users can search across objects, colors, emotions, light types, faces and thousands of other concepts. Users can also use custom features to extract references from any video, create moodboards with interactive elements and discover inspiration from other creatives.

Over 10,000 individuals are currently waiting to be included in the growing inspiration management platform Current.


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