Starhive raises $5M to power predictive simulations in asset/service management with AI

Starhive raises $5M led by Ventech to reducecosts and improve decision-making by harnessing AI for data analytics andpredictive simulations in asset and service management

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The funding will accelerate the development of AI tools for businesses - reducing waste, improving resource planning, and enhancing overall operational efficiency

STOCKHOLM, SWEDEN, APRIL 8 2025 - Starhive (www.starhive.com), the Swedish startup providing flexible IT asset and service management, has announced a $5 million pre-Series A funding round led by the pan-European venture capital firm Ventech. Existing investor node.vc also participated in the round. This funding comes just seven months after the company’s seed round in September 2024 where the startup raised $3 million.

Many organisations struggle to track IT assets like laptops, servers, and software licenses, often relying on outdated spreadsheets or rigid systems. Additionally, IT teams must handle other data like service catalogues, contracts, vendors, regulations and employees which are often scattered and not centralised. All of this leads to unnecessary spending, underused resources, and delayed decision-making. IT support and maintenance suffer from similar inefficiencies, with teams working reactively rather than proactively. 

Having refined its no-code app builder, designed to allow IT teams to build bespoke applications for their businesses, Starhive has since focused its offering to encompass a full suite of tools for asset and service management to help solve these ongoing issues faced by businesses. The company will use the capital injection to integrate different AI capabilities, including conversational AI, into IT asset and service management, allowing teams to analyse and interact with vast amounts of data in real-time. This will help businesses in simulating future scenarios, reallocating underused assets, and ensuring software licenses are used efficiently, helping businesses cut costs and optimise resources.

Ventech’s Joel Uddén will also be joining the Starhive board, bringing a wealth of experience as an investor and off the back of two successful exits in SaaS as an entrepreneur.

Starhive’s co-founders Tommy Nordahl and Mathias Edblom bring 40+ years of combined industry experience, having also co-founded Mindville in 2012, an IT asset and configuration management company that was acquired by Atlassian (www.atlassian.com) in 2020. Starhive’s current team of 17 includes 9 former employees from Mindville.

Unlike existing solutions that focus AI solely on service management, Starhive’s approach applies AI directly to asset management, addressing a critical gap in the industry. Instead of manually analysing data, IT staff can simply ask AI for recommendations, making decision-making faster and more efficient. For example, users can request alerts when warranties are due to expire or other critical conditions are met in order to get ahead of potential problems. The result is a shift from reactive to predictive management, reducing waste, improving resource planning, and enhancing overall operational efficiency.

Starhive continues to offer a no-code app builder allowing users to create apps that meet their precise, unique needs. This includes anything from creating apps to request assets or approve changes to IT infrastructure, to an onboarding app for new employees.

Starhive CEO & Founder Tommy Nordhal adds: "IT teams often rely on manual processes or rigid off-the-shelf software that fails to adapt to their specific needs, leading to inefficiencies and unnecessary costs. By integrating AI into asset and service management, Starhive provides a seamless, intelligent solution that combines the simplicity of ready-made software with the adaptability of a custom-built system. This investment will accelerate the development of our AI-driven capabilities, making IT operations more efficient and accessible to businesses worldwide.”

Ventech VC’s Joel Uddén says: “Starhive is addressing a significant gap in the IT management space by bringing AI to asset management, an area that has remained largely manual and inefficient. The ability to predict asset needs, optimise allocation, and reduce costs through AI-driven insights gives Starhive a clear competitive advantage. With businesses increasingly looking for smarter, more adaptable IT solutions, Starhive is well-positioned to scale rapidly in a market that is ripe for innovation. This investment is an opportunity to be part of the future of AI-driven enterprise efficiency. At Ventech, we are thrilled to back experienced and visionary serial entrepreneurs like Tommy and Mathias, and support them in their go-to-market strategies thanks to our global presence.”

ABOUT STARHIVE

Founded in 2022 in Stockholm, Starhive is an innovative IT asset and service management platform that leverages AI to transform the way businesses manage their IT resources. With a growing team of 17 employees, Starhive combines predictive analytics with AI-driven insights to help IT teams optimise asset allocation, reduce costs, and streamline workflows. Designed for modern enterprises, the platform offers a no-code solution that empowers organisations to customise their IT management processes. By shifting from reactive to proactive management, Starhive is redefining asset management for the digital age.

ABOUT VENTECH

Ventech is a well-established early-stage venture capital firm in both Europe and Asia with a strong digital focus. Founded in 1998, Ventech backs the most innovative and visionary tech entrepreneurs in diverse sectors with a global ambition. With its dual structure platform, Ventech has dedicated funds for Europe (Paris, Munich, Berlin, Helsinki & Stockholm) and Asia (Shanghai and Hong Kong). Since its inception, Ventech has raised nearly 1B€ and has realized over 320 investments, (including Vestiaire Collective, Prewave, Ogury, The Customization Group, Veo Technologies, Reveal, Speexx) and over 180 exits (Believe (BLV.PA) – listed on Euronext; Arteris (AIP) listed on Nasdaq; FintecSystems; Withings; 4 Stop, etc.). For more information, visit www.ventechvc.com‍