WhyHive raised $600,000 in a pre-Seed round led by Skalata Ventures to develop an easy-to-use data analysis app.

Aug 26, 2024•11 months ago

Amount Raised

$600,000

Round Type

seed

MelbourneData VisualizationData MiningBig DataSoftwareAnalytics

Investors

Dom PymAlex ZaccariaJon WilliamsSkalata Ventures

Description

Data analysis startup WhyHive has raised $600,000 in a pre-Seed round, marking its first funding after six years of bootstrapping. The round was led by Skalata Ventures, with participation from notable investors such as Jon Williams from Culture Amp, Alex Zaccaria from Linktree, and Dom Pym from Up Bank.

Company Information

Company

WhyHive

Location

Melbourne, Victoria, Australia

About

WhyHive is a data analysis startup that aims to make data accessible and easy to use, akin to Canva for design. Users can upload various data types to the WhyHive app for quick and straightforward analysis. Founded by T Guthrie and Matt Cohen, the inspiration for the company stemmed from a social enterprise data consultancy they previously ran. They are committed to democratizing data exploration, providing tools for businesses overwhelmed by data challenges.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

WhyHive raised $600,000 in a pre-Seed round led by Skalata Ventures to develop an easy-to-use data analysis app.

Investors

Description

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