Pycap Venture Partners, a venture capital and corporate finance advisory firm acquired equity in the technology company Be-Hive Inc.
In the last four months, Pycap has been providing financing expertise and value creating solutions to Be-Hive, and together, both firms have significantly increased the value of Be-Hive and built up significant traction for the company.
Due to the success of Be-Hive and the traction it had attained, Pycap officially added Be-Hive to its venture capital portfolio.
Be-Hive is a Canadian Internet of Things (IoT) platform company based in Toronto that monitors and tracks environmental conditions and assets for Manufacturing, Warehousing, Food Services, Commercial Spaces and Agricultural applications.
Sensa Lync is Be-Hive’s flagship brand that offers cutting edge technology to connect wireless sensors, mobile applications and cloud-based web portals.
“We are thrilled to work with the Pycap team and look forward to a long-term partnership as we grow together. With ongoing support from Pycap, we are well positioned for long term sustainable growth in the Canadian and global markets”. Vikram Nabar, Founder and CEO of Be-Hive.
“Be-Hive’s technology has great potential as it addresses many concerns of food security while providing enormous value in multiple other industries. Moreover, Vikram has proven to be a resilient entrepreneur in guiding his company through the pandemic and beyond” Stuart Browne, CEO of Pycap.
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