Stockholm-based startup Starhive, which offers AI-powered asset and service management solutions, has secured $5 million in a pre-Series A round led by Ventech with support from node.vc. The funding will accelerate the development of AI tools for businesses and help reduce waste.
- Founded in 2022 by Tommy Nordahl and Mathias Edblom, Starhive develops an AI-driven IT asset and service management platform.
- The firm enables businesses to optimize asset allocation, reduce costs, and streamline workflows with predictive analytics and real-time insights.
- The platform includes a no-code app builder, allowing organizations to create customized solutions for managing assets, requests, and onboarding processes.
- Starhive employs a team of 17, and in September 2024, the startup raised a $3 million seed round led by Node.vc to accelerate global expansion.
Details of the deal
- Ventech Capital, a global venture capital firm with offices in Paris, Munich, Berlin, Helsinki, Stockholm, Shanghai, and Hong Kong, led the pre-Series A round. The firm supports tech startups with global ambitions and has made over 200 investments.
"Starhive is well-positioned to scale rapidly in a market that is ripe for innovation. This investment is an opportunity to be part of the future of AI-driven enterprise efficiency. At Ventech, we are thrilled to back experienced and visionary serial entrepreneurs like Tommy and Mathias, and support them in their go-to-market strategies thanks to our global presence," Joel Uddén, VC at Ventech, commented.
- Node.vc, a Stockholm-based early-stage venture capital firm that backs tech startups, also joined the round.
- With the fresh capital raised, the firm will enhance its AI tools, integrating capabilities like conversational AI to help businesses optimize asset management, improve decision-making, reduce waste, and boost operational efficiency.
"Starhive provides a seamless, intelligent solution that combines the simplicity of ready-made software with the adaptability of a custom-built system. This investment will accelerate the development of our AI-driven capabilities, making IT operations more efficient and accessible to businesses worldwide," CEO and founder, Tommy Nordhal, stated.
