The Vancouver-based startup, which operates an online platform for trading shares of venture-backed companies, is seeking a capital injection to stay ahead of growing competition in the secondary market, said CEO Sim Desai. (Bloomberg)
Skip to content
The Vancouver-based startup, which operates an online platform for trading shares of venture-backed companies, is seeking a capital injection to stay ahead of growing competition in the secondary market, said CEO Sim Desai. (Bloomberg)
Talking point: Desai said Hiive is profitable, collecting roughly US$35 million in revenue on about US$930 million in transactions last year. Transactions for the first quarter of 2025 were up 68 per cent over the previous year’s quarterly average. The secondary sale business is booming, as company founders and early employees and investors look for alternative ways to generate liquidity while IPOs and mergers and acquisitions remain scarce. The opportunities have created more competition for Hiive, including from large players like Morgan Stanley and Nasdaq. While Hiive hasn’t started raising money yet, the planned round would be a substantial step up from its US$4.2-million raise in 2023.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Diversifying trade requires banks to take bigger risks, official advised Carney before CIBC meeting
Briefing
Kneat.com to leave TSX in $650M Thoma Bravo takeover
Teachers’-backed Databricks in fundraising talks that could lift its valuation above US$165B
New Windsor-Detroit bridge to ‘open at the end of the week,’ Carney says
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
