Visualsoft hive off Hive HR platform

Visualsoft hive off Hive HR platform

The HR survey platform, borne of Teesside's Visualsoft and their reputation for unusually open HR practices, is close to crowdfunding £300,000 to scale their offering.

The platform promises to ‘revolutionise the way employers measure and analyse the engagement, motivation, and productivity of their workforce’.

The brainchild of John Ryder, Hive HR offers an alternative to the much-maligned annual employee survey through a weekly, micro-survey approach; thus creating more manageable results for HR managers and business owners.

John originally joined North East-based, e-commerce giant, Visualsoft to lead the company’s Innovation Lab, a place which focuses on the creation and development of new software platforms.

However, the potential of a piece of employee engagement software was quickly recognised and it soon turned from a tool into a stand-alone company.

Now, with just under a week to go before their funding round closes, Hive HR has raised almost £300,000 on a crowdfunding platform.

Hive HR first approached GrowthFunders to raise £150,000. However, just before the end of 2015, the startup smashed through their original target and currently have £282,700 pledged from a mixture of online and professional investors.

Hive HR is keen to replicate the success of their incubator business Visualsoft in terms of job creation in an underserved area of the UK. Visualsoft has successfully grown from a startup to one of the largest private employers in Stockton-on-Tees, creating 200+ jobs along the way.

Alongside their funding round, the Hive HR team have been hard at work, recruiting staff and speaking with businesses who are interested in implementing the software, all of which means that Hive HR are in a strong position to scale.

John said, “We are already revenue-generating, which is fantastic news. We’re on-boarding a number of early adopters this month, including Psyche, Paragon UK, Spark Response, and Fusion21 which will put us well ahead of our revenue targets - albeit by a small amount.”