Beehive Industries has raised $2.5 million in Series A funding. Advantage Capital Partners led the round. Headquartered in Lincoln, Nebraska, Beehive, which was incubated by Nebraska Global, is a provider of asset and infrastructure management solutions.
Lincoln, NE – Nebraska Global, the Lincoln based software investment fund, announced that Beehive Industries has closed on a $2.5M Series A financing led by Advantage Capital Partners, a growth capital and small business finance firm. Beehive, launched in 2011 in Nebraska Global’s incubator, is a provider of asset and infrastructure management software for state and local government, utilities, construction, telecommunications, and other asset intensive industries.
This round of capital is earmarked for expansive sales and marketing growth throughout the U.S. The positive response to Beehive’s solutions has created the need to expand its team and operations throughout the country. The company is looking to add 20-30 additional jobs. “Beehive embodies the Nebraska Global model,” said Patrick Smith, Principal and co-founder of Nebraska Global, and advisor to Beehive. “We assembled a team around a passionate founder with an idea and domain expertise, provided the initial funding, product development and support, and grew revenue into the seven figures to get it positioned for scaled expansion and a Series A round. We now welcome Advantage Capital to the team.” Nebraska Global has provided all of the funding since inception.
“We are excited about our investment with Beehive Industries. Their future is bright and we are looking forward to their expansion and the jobs our investment will foster in Nebraska”, stated Tony Metzner, Vice President at Advantage Capital Partners.
Both Nebraska Global and Beehive look forward to the newly formed partnership with Advantage Capital and their team. This new relationship will continue to enable each to greatly impact venture financing and business growth throughout the State of Nebraska.
About Nebraska Global
Nebraska Global Investment Company is a $37 million investment fund focused on building and growing software companies in the State of Nebraska. It is headquartered in the Historic Haymarket in Lincoln, where it has anchored a growing technology ecosystem since the company’s inception in 2010.
For more information, visit www.nebraskaglobal.com
About Beehive Industries
Beehive Industries is an asset and infrastructure management software company with its headquarters in the Historic Haymarket in Lincoln, NE and additional offices in the Midwest.
For more information, visit www.beehiveindustries.com
About Advantage Capital Partners
Advantage Capital Partners is a leading growth capital and small business finance firm. The firm’s typical forms of investment include venture, expansion equity, mezzanine financing, senior and subordinated loans and government-guaranteed lending. With offices and partners in New Orleans, St. Louis, Chicago and other U.S. cities, Advantage Capital has invested more than $1.8 billion since 1992.
The firm invests in businesses in a wide range of industries located throughout the U.S.
For more information, visit www.advantagecap.com