Hive Technologies wins top US investor and closes
Financing round of 29 million euros (PHOTO)
Berlin (ots) –
– The e-commerce logistics start-up has a capital increase in a series
A financing round announced
– In addition to the previous investors, Activant and “Tier 1” Growth VC-Fond are increasing
Tiger Global from the USA
– The investment amount is 29 million euros with a valuation of 134 million euros.
Euro
Hive (https://www.hive.app/) offers software and operational services to
Direct-to-consumer brands help manage their operations from procurement
support until delivery. Founded by Oskar Ziegler, Franz
Purucker and Leo von Kleist have been revolutionizing the start-up since July 2020
operational D2C trade. While the team, which now has more than 100 members, works with
a specially operated fulfillment center has been around since the beginning
Taking care of storing products and fulfilling orders is Hive
meanwhile a holistic partner for D2C Operations. The app offers
important functions such as analyzes and automations to both the supply
Improve the chain as well as the end-customer journey of e-commerce brands.
Now the founding trio announces the successful one just 16 months after the company was founded
Completion of a Series A financing round. The double-digit million amount
received the Berlin from existing investors, as well as a top tier VC donor
from the USA, which already holds shares in industry giants such as Amazon and Shopify.
“We are grateful for the trust of our existing investors (Earlybird, Picus
Capital) and at the same time proud, next to Activant, now with Tiger Global too
to have a large, international partner at our side. D2C Brands and
thus the need for scalable D2C processes are the future. The growth
Our investors see the market, “says co-founder Oskar Ziegler.
With the raised capital, Hive plans to expand geographically, starting with
Paris early 2022. Co-founder Franz Purucker is looking forward to the next big ones
Steps: “With Hive we are already the partner in all operational issues.
We help other founders to focus on their product instead of
to deal with customs regulations and returns. The new capital
gives us the opportunity to continue investing in our software and for
To build a pan-European offer for customers. We’re really looking forward to that. “
Should you be interested in further information or an interview with the
Founders, please contact us at mailto: [email protected].
Press contact:
mailto:[email protected]
Further material: http://presseportal.de/pm/159920/5070567
OTS: Hive
AXC0322 2021-11-11/13:19
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