Hive Cloud Limited has announced the company has secured $500K seed financing. The company plans to use the funding to build out the team based in San Francisco and accelerate scaling of the platform to manage the global growth of the service. The seed funding included participation of Bigcolors, Link11 GmbH, and private angel investors.

Hive, which officially came out of beta this week, is the first social network for file sharing that flips the cloud storage upside down by focusing on the personal content discovery and sharing rather than the traditional pay-per GB model.