Hive Technologies secures
€6.6M in seed funding.
Hive Technologies provides operations services and software out of one hand to help direct-to-consumer (D2C) brands manage their operations from sourcing to final delivery. The start-up has now raised €6.6M in seed funding from Earlybird, Amplifier and existing investors, to expand their product and service offering.
Hive is a 11-month young Berlin-based start-up set to revolutionize D2C operations. By developing a tailored solution specifically for the fast-growing D2C market, Hive increases customer satisfaction, enables growth and drives quality along the entire operations value-chain. The focus here is in particular on the storage of products in the company's own fulfillment center, the processing of orders as well as the transportation via shipping partners.
To do so, Hive builds on an integrated solution with operations and software out of one hand and an outstanding team with experience from large logistics companies such as Amazon, e-commerce players such as Zalando, tech start-ups such as N26 and Uber, as well as strategic consultancies such as McKinsey.
"With their integrated solutions and outstanding team, Hive addresses D2C e-commerce fulfilment operations in a unique and fully integrated way. We are thrilled to support their journey and contribute our broad experience in digitally transforming the logistics industry" — Fabian Heilemann, Partner at Earlybird
Now, Hive has closed its seed financing round in the amount of 6.6 million euros. Earlybird VC (investor in N26, Sennder and UiPath) is leading this seed round, with support from Amplifier, industry-experienced Business Angels, such as Christopher North, formerly head of Amazon UK and CEO of Shutterfly, and Hive's existing investors (Picus, Flixbus Founders, Forto Founders).
"The founders and team at Hive have achieved exceptional speed of growth and innovation in the product stack, two elements rarely found simultaneously in logistics tech at such an early stage. We should all be very excited for what will come next." — Henry Palmer, Amplifier
The raised funds will be used for further expansion of Hive’s product portfolio to deliver even more control, transparency and flexibility to their customers. This is how Hive addresses the need for scalable D2C processes and operations. In addition, Hive focuses on sustainability by, for example, bearing the additional cost of CO2-neutral delivery when using Hive’s delivery partnerships, such as DHL or DPD. With this funding, Hive will expand their software integrations beyond fulfillment with service providers in the areas of freight forwarding, merchandise pre-financing and insurance, so that new and smaller companies have an even better chance of competing in the e-commerce market against established merchants with superior cost structures.
"With Hive we want to democratize D2C operations." — Oskar Ziegler
Beyond that, Hive will continue to grow and expand geographically in the future to meet the strong demand while maintaining their strong focus on quality as well as high levels of customer satisfaction.
"We are grateful for the trust of our customers who grow with us together, and we are proud of every single member of the team making this possible." — Franz Purucker