Hive Technologies raises €28.2M for operations platform expansion

Operations platform Hive Technologies (Hive) has raised a €28.2 million Series A extension at an increased valuation. 

Founded in 2020, Hive seamlessly combines powerful technology with a network of leading operations providers, saving commerce brands on average 17 per cent on costs and generating up to 24 per cent revenue uplift. 

The company’s platform covers the entire operations value chain, including fulfilment, delivery, and post-purchase experience. Key features include:

• Multi-channel inventory and order management.
• Intelligent carrier selection.
• Personalisation tools.
• A consumer-facing tracking and returns solution.

Hive has developed proprietary Warehouse Management System (WMS) and Transport Management System (TMS) and launched Delivery Promise, which lets brands increase their conversion rate up to 30 per cent by giving consumers an accurate estimated delivery date in their online shop.

‌Over the last two years, Hive has expanded its presence to cover Germany, France, Italy, Spain, and the UK. 

Hive also strengthened its leadership by appointing David Lagarde as Chief Operating Officer, hiring Tobias Eppler as Chief Growth Officer, and appointing Lukas Klinser as Chief Product Officer.

According to Oskar Ziegler, co-founder and CEO: 

“We see enormous potential to improve commerce operations for everyone, including brands, consumers, and our operational partners.

This investment is a strong vote of confidence in our progress so far and the opportunity ahead of us. With this additional funding, we’re looking forward to creating more impact for even more brands across Europe.”

This funding round was preempted by Earlybird Venture Capital, who is doubling down together with Tiger Global, Picus Capital, alfa8, and other existing investors. This round includes €10 million in venture debt from Atempo Growth.‌

According to Tim Rehder, Partner at Earlybird:

“We’ve been truly impressed by Hive’s progress. Hive’s growth, customer feedback, technological maturity, and company leadership are unmatched in Europe and we look forward to the continued journey together.”

‌With this new funding, Hive plans to accelerate growth and product development further, targeting profitability next year. 

Lead image: Hive. Photo: Daniel Faro.