Beehivr obtains $1 million from Investissement Québec to launch a digital saleroom solution

Beehivr aims to help more businesses maintain lasting relationships with their customers.

Montreal startup Beehivr has closed a $1 million seed investment from Investissement Québec to launch a new digital salesroom solution.

A Beehivr spokesperson told BetaKit that the $1 million investment will also help the startup hire more talent.

The all-equity financing, which closed on June 1, is for the marketing of Beehivr’s Welcome Spaces offer, an online platform that allows sales teams to collaborate privately with their customers.

Each space includes options for video calls, file sharing and requesting, chat, and notifications. According to Beehivr, Welcome Spaces is for businesses that want to nurture lasting relationships with their customers through a modern experience. The startup cited professionals in industries including real estate, finance, accounting, and consulting.

Beehivr noted that Welcome Spaces was designed to meet the needs and desired experiences of their customers emerging from the pandemic.

“We have chosen to focus our efforts on the development of an advanced version of our platform in order to simplify exchanges and collaboration between customers and professionals in a post-pandemic vision where the customer relationship would be more distant”, declared Jean- Philippe Laforge, CEO and founder of Beehivr.

Founded in 2013, Beehivr provides sales enablement solutions for sales professionals and retailers. Beehivr claims a dispersed customer base across North America and Europe, including the Business Development Bank of Canada (BDC), Staples, Metro, Laura Canada, Reitmans and Videotron.

In 2020, Beehivr received financial support from BDC Capital’s Growth and Transition Capital division to help the startup “overcome the COVID-19 crisis while minimizing job losses”.

BDC Capital’s contribution was granted as part of the working capital loan program that BDC launched to support companies affected by COVID-19. These loans come with low interest rates and patient repayment terms designed to give the business time to keep running.

According to Investissement Québec, it chose to invest in Beehivr because it wanted to support local businesses that help small and medium-sized businesses “more efficient and more productive.”

“We are proud to support the Beehivr team in the next stage of development of their platform and in their commercialization.” declared Guy LeBlanc, President and CEO of Investissement Québec.

A Beehivr spokesperson told BetaKit that the $1 million investment will also help the startup hire more talent. Prior to this round, the spokesperson noted that Beehivr had also received $1.5 million in funding over the past nine years.

Featured image from Beehivr website.

Sallie R. Loera