Germany-based Hive, an e-commerce startup assisting D2C brands with business management, raised USD 34 million on 11th November.
Investors: New investor Tiger Global Management led the new round of funding. Activant Capital is unique to this round, joining existing investors Earlybird Venture Capital, Picus Capital and AMPLIFIER. Hive receives USD 34 million with this financing round, and its valuation rises to USD 157 million.
Purpose of funding: Deliveries will be made within two days in most places in Europe and within the next day in key markets. The new funding will also be used to expand the company throughout Europe and build more warehouses. Moreover, the company will make sustainable packaging an integral part of its operations.
About Hive
Founded in 2020 by Oskar Ziegler, Franz Purucker and Leonard von Kleist, Hive is located in Berlin, Germany. Hive lets D2C brands manage operations from sourcing to delivery with its service and software all in one place. With its mission to build a software suite that covers the entire supply chain, Hive is beginning with fulfilment. E-commerce brands gain valuable insight into logistics through the real-time synchronization of inventory and order data. It will evolve into an operations cockpit for D2C brands that offer insights and suggestions for optimization. By integrating software, more complex supply chain segments can be handled, such as procurement. To meet the requirements and needs of modern D2C brands, Hive also builds proprietary warehouse software.
What the founders have to say
“We are grateful for the trust of our grateful existing investors (Earlybird, Picus) and at the same time proud to now, besides Activant, also welcome Tiger Global as a large, international partner on our side. D2C brands and thus the need for scalable D2C processes are the future. Our investors see the growth of the market and our potential in it,” said Oskar Ziegler, co-founder and CEO at Hive.
“With Hive, we are already the partner in all operational issues. We help other founders with their products instead of dealing with customs regulations and returns. The new capital gives us the opportunity to invest further in our software and build a pan-European offering to customers. We are excited about that”, said Franz Purucker, co*-founder and MD at Hive.
What the investor has to say
“We have looked extensively at the fulfilment space and gained the conviction that the full-stack model is superior due to its full control over the ultimate service quality. Hive has compiled the strongest team in the European market to execute on that vision. That’s why we doubled down on our investment in this round,” said Fabian Heilemann, partner at Earlybird.
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