Hive Technologies Lures Top U.S. Investor, Closes Funding Round

The e-commerce logistics startup Hive Technologies has raised its capital via Series A funding round, with Activant and Tier 1 growth VC fund Tiger Global from the US joining existing investors and plunking in €29 million ($34 million), Deutsche Presse-Agentur (dpa) reported.

Photo Insert: Hive founders Oskar Ziegler, Franz Purucker and Leo von Kleist

Hive provides software and operational services to help direct-to-consumer (D2C) brands manage their operations from sourcing to delivery. Founded by Oskar Ziegler, Franz Purucker, and Leo von Kleist, the start-up has been revolutionizing operational D2C commerce since July 2020.

While the team of more than 100 members has been taking care of the warehousing of products and the processing of orders with its own fulfillment center, Hive grew to become a holistic partner for D2C operations.

As such, the app offers key features such as analytics and automation to improve both the supply chain and end-customer journey of e-commerce brands.

Just 16 months after its founding, the founding trio announces the successful closing of their Series A funding round. The Berliners received the double-digit million amount from existing investors, as well as a top-tier VC backer from the U.S. that already holds stakes in industry giants like Amazon and Shopify.

"We are grateful for the trust of our 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 co-founder Oskar Ziegler.

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