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Technology

Uhive

Status: Extended

Jan 4th 2021 - Feb 13th 2021

Uhive is a cryptocurrency-powered social network that aims to foster peer-to-peer (P2P) transactions, interest-based advertising, and the sale of in-app digital assets to maintain user privacy on its portal. The company argues that current social networks flood users' feeds with hidden agendas auctioning off their data to the highest bidder. Uhive intends to change this. It asserts that its content-discovery model allows users to choose and fine-tune the content they see by selecting 26 different interests. Content creators can use Uhive's paywall feature to earn, rewarding quality posts with cryptocurrency payments. The company's app consists of an advanced AI and recommendation engine, crypto wallet, and media streaming, to name a few. Uhive has onboarded 182,000 users and witnessed 5 million posts created by users on its platform. It will use 23% of the investment for operations, 55% for product development, 21% for marketing, and 1% for legal costs.

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Uhive Rating Review

Pitch rating powered by CROWDRATING

Rated on 19/01/2021

Pitch Rated

81%

Gold

Management

87%

Product

87%

Investment

70%

Log in to view amount pledged

    Log in to view target

    £13,074,884
    pre-money valuation

    3.68%
    equity available

    618
    investors

    £1,320
    pledge per investor

    11200253
    company number

    Active
    company status

    12/02/2018
    incorporated 6 years

    Previous Funding rounds
    29 Mar 24 Seedrs £815,530 / 163% 81.33%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 87%

Skills 82%
Uhive has a skilled and diverse team covering the roles of blockchain specialist, marketing, and platform development. The team is led by the CEO, who is proficient in creating and managing complex software, SMB cloud software, enterprise cloud software, and software design. Their Head of Development specialises in Amazon web services, architectural software design, software solution architecture, decision-making, and creative problem-solving. Their CMO/Co-Founder has skills to build the brand and increase brand awareness through online publishing, online advertising, corporate identity, online marketing, social media. We note that the company finances are overseen by a third party company named Clay Knox, leading all financial control, planning and balance sheet management at Uhive.

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Funding progress

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Pitch Rated

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Overall

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Log in to view amount pledged

    Log in to view target

    £13,074,884
    pre-money valuation

    3.68%
    equity available

    618
    investors

    £1,320
    pledge per investor

    11200253
    company number

    Active
    company status

    12/02/2018
    incorporated 6 years

    Previous Funding rounds
    29 Mar 24 Seedrs £815,530 / 163% 81.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph