SOURCE: Keiretsu Forum

Keiretsu Forum

August 30, 2011 16:49 ET

Keiretsu Forum Angel Investors Fund Social Media Gaming Company Hive Media

Hive Media Raises $1.5M in Series A Funding

SAN FRANCISCO, CA--(Marketwire - Aug 30, 2011) - Keiretsu Forum, the world's largest angel investment community, announces its members' investment in Hive Media, the San Carlos-based social media gaming company whose products allow fans to "live" their favorite hit movies, television shows, or brands by experiencing the characters and situations within a parallel game world.

Hive Media received funding from Keiretsu Forum members of the San Francisco Bay Area chapters and along with investors from The Angels' Forum, Band of Angels, and Golden Seeds raised a total of $1.5M. The funds will be used toward the development of their upcoming game based on the television show Animal Planet and to grow their already-released game based on the television show Deadliest Catch.

"Keiretsu Forum enjoys open collaboration with all angel groups," said Randy Williams, Founder & CEO of Keiretsu Forum. "We are pleased to welcome Hive Media into our growing portfolio."

Hive Media's approach leverages the easy access to players provided by Facebook to attract fans of the popular television shows featured in their games. They further utilize their content partners' other marketing channels such as email marketing and television promotional spots to reach potential players.

"Working with Keiretsu Forum was a great experience for us," said Brian Laing, CEO of Hive Media. "Their process allowed us to connect with investors that have expertise in our space and enriched us with much more than just funding."

"The shared insights from fellow members crystallized the exceptional Hive Media opportunity," said Joseph Gilby, Director for International Game Developers Association/Silicon Valley and Keiretsu Forum member.

Keiretsu Forum offers a structured approach to private equity investing by providing a forum for like-minded business leaders to work together and assess high quality diverse investment opportunities and then make individual investment decisions.

About Keiretsu Forum
Keiretsu Forum was founded by Randy Williams in 2000 and has 21 chapters on three continents, with over 850 accredited investor members. Keiretsu Forum is the world's largest angel investment network. Keiretsu Forum members provide early stage capital in the range of $250k-2 million in high quality, diverse investment opportunities and collaborate in the due-diligence, but make their own individual investment decisions.

About Hive Media
Hive Media creates social media games that allow fans to "live" their favorite hit movies, TV series or brands. Hive Media works with the top entertainment properties to allow their fans to extend their engagement and live the shows they love via Facebook, iPad and mobile devices. The company selects shows that have significant brand recognition, large ardent fan bases, and high profile marketing and ad sales programs. Co-marketing efforts with content partners and access to their fan's Facebook feeds increases the fan to player conversion rate and results in longer engagement and higher monetization.