📈 Hive's Major Funding Round
Hive Technologies has successfully raised €28.2M in a Series A extension. Founded in 2020, Hive’s platform integrates with shops and marketplaces, automating processes like freight booking and order management. The funding round includes €10M in venture debt from Atempo Growth, with major contributions from Earlybird Venture Capital and Tiger Global.
🚀 Innovative Platform Features
Hive’s operations platform covers the entire value chain: fulfilment, delivery, and post-purchase experience. Key features include multi-channel inventory management, intelligent carrier selection, and a consumer-facing tracking and returns solution. Hive's proprietary Warehouse and Transport Management Systems enhance operational efficiency, while their Delivery Promise feature boosts conversion rates by up to 30%.
🌍 Expansion Across Europe
Over the past two years, Hive has expanded its reach to Germany, France, Italy, Spain, and the UK. The company aims to continue this growth trajectory with the new funds. Hive has also bolstered its leadership team, appointing David Lagarde as COO, Tobias Eppler as Chief Growth Officer, and Lukas Klinser as Chief Product Officer.
💬 Expert Insights
Oskar Ziegler, co-founder and CEO, stated, “This investment is a strong vote of confidence in our progress so far and the opportunity ahead of us.” Tim Rehder, Partner at Earlybird, added, “Hive’s growth, customer feedback, and technological maturity are unmatched in Europe.” With this funding, Hive plans to further accelerate growth and product development, targeting profitability next year.
How will Hive Technologies impact European e-commerce?
