We are excited to announce HIVE’s recent investment in Jeltee, a growing startup based in the UAE. Jeltee matches users for dates and meetups at local venues. It promotes face-to-face conversations, giving users a 24-hour time limit to agree on a venue.
Led by a team of three Armenian entrepreneurs, Jeltee has reached over 40k downloads in just the first few months after their launch. The team has built a clean and functional app with a range of planned features, including venue recommendations and discounts. The team next looks to expand to the Russian market, customizing the platform for local users. With team members based in Armenia, we are excited to see them continue to hire locally.
HIVE will work with Jeltee over the next year to expand their platform and hone their app for regional expansion. With thousands of users so far, we are excited to welcome Jeltee to our portfolio family and can’t wait to see what they accomplish over the next few years.