The site began its publishing in 2008 under the name Vancity Buzz and was founded by Manny Bahia, Karm Sumal and Farhan Mohamed. The name was changed to Daily Hive in 2016 when the company expanded nationally.
Concurrently with its rebranding as Daily Hive, the publication expanded to Toronto and Montreal.
In November 2017 Daily Hive deleted many of their posts on their official Instagram account as a form of viral marketing, inspired by Taylor Swift's similar publicity stunt earlier in the year. They then posted images of the word "Nude". This stunt caused growth in their social media presence and gained them more followers than before. That same month Vancouver Magazine ranked Bahia, Sumal and Mohamed together as among the 50 most powerful people in Vancouver, stating that Daily Hive was an influence on many millennials.
In February 2019, Daily Hive acquired Torontoist, a long-running web publication that formerly offered similar coverage of Toronto. Originally established in 2004 as part of the Gothamist network of city-specific news websites,Torontoist was a property of St. Joseph Media from 2011 until its acquisition by Daily Hive. It no longer publishes original content as a separate entity from Daily Hive.