Greenville, S.C. – The Upstate Carolina Angel Network (UCAN) and The Palmetto Angel Fund are pleased to announce the closing of an investment in local startup company, TipHive.
TipHive is a cloud-based software platform for improving knowledge sharing and communication within enterprises, using “hives” that can store, share and search any topic. The company located in Greenville as part of the 2013 class of the local Iron Yard startup accelerator.
Joost Wentink, Founder & CEO of TipHive, said “Our goal is to build a global tech player right here in Greenville. Having UCAN join our team is a big step toward achieving that goal and shows the commitment of the Greenville business community to invest in innovate companies that are taking on big opportunities. Their active involvement in developing the business has already had significant impact.”
UCAN is an affiliate of the South Carolina Angel Network (SCAN), a professionally-managed network of 8 local angel groups comprised of over 200 angel investors working to make a more efficient market for early stage capital in and around South Carolina. The Palmetto Angel Fund is an affiliated committed capital fund that co-invests alongside SCAN investor groups.
Matt Dunbar, Managing Director of the UCAN and SCAN noted “We are excited to back Joost and the TipHive team. Their platform is clearly solving a pain point in enterprise communications, and we’re encouraged by the early traction they’ve gained with significant customers.”
In addition to TipHive, SCAN and the Palmetto Angel Fund also recently invested in Charleston-based startup Pharmright, producer of the Livi home automated medication dispenser to improve medication adherence.