BHyve raises $300,000 from JITO, Letsventure and other angel investors
BHyve, a future of work platform for diffusing employee tacit
knowledge and enabling peer learning networks, said it has raised $300,000 from
JITO Angel network along with Letsventure and other angel investors.
Backed by 100X.VC earlier in May this year, BHyve will use the
freshly infused capital for marketing, boosting sales and brand building. They
would also use the funds for enhancing the technology and build clientele.
Globally, this tacit knowledge represents a loss of $110 billion
to global corporations every year. BHyve is a SaaS future of work platform that
helps companies document
tacit knowledge and enable peer learning networks, which leads to a 35%
increase in productivity and a 30% reduction in time spent looking for
information, and an engaged, future-ready workforce.
Omkar Pandharkame, an organisational psychologist, Ketaki Ogale,
an MBA from Fordham University, and Vihang Mirkhelkar, who has scaled
technology for high growth startups in Silicon Valley, are the co-founders of
BHyve.
“Raising money through JITO Angel Network has been an insightful
experience. We appreciate the hands-on nature and speediness of the deal. With
a supportive team, Great smart capital, and very progressive investment thesis,
has helped us to demonstrate our vision and get marquee investors on board,”
said Omkar Pandharkame, co-founder at BHyve.
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