Hive Technologies, a pioneering force in commerce operations, has successfully raised €28.2 million in a Series A extension, marking a significant milestone in its mission to redefine how brands manage their operations across Europe.
Founded in 2020, Hive Technologies has swiftly garnered attention for its advanced platform that seamlessly integrates with existing retail frameworks, automating critical processes from freight booking to return management. This innovative approach not only streamlines operations but also delivers substantial cost savings, averaging 17% for brands while boosting revenue by up to 24%.
Central to Hive’s success is its comprehensive operations platform, encompassing multi-channel inventory management, intelligent carrier selection, and personalized consumer tools. The company’s proprietary Warehouse Management System (WMS) and Transport Management System (TMS) have set new benchmarks in efficiency and customer satisfaction, notably with the introduction of Delivery Promise—a feature enabling brands to increase conversion rates by up to 30% by providing precise delivery estimates directly to consumers.
The recent funding round, led by Earlybird Venture Capital alongside Tiger Global, Picus Capital, alfa8, and other strategic investors, underscores Hive’s rapid growth and technological prowess. Additionally, the injection of €10 million in venture debt from Atempo Growth signifies confidence in Hive’s strategic direction and market potential.
Oskar Ziegler, co-founder and CEO of Hive Technologies, expressed optimism about the future, stating, “We see enormous potential to transform commerce operations across Europe for brands, consumers, and operational partners alike. This investment is a testament to our progress and the vast opportunities ahead. With this funding, we are poised to create even greater impact and drive meaningful change.”
The expansion comes at a pivotal moment for Hive, which has significantly expanded its footprint across key European markets including Germany, France, Italy, Spain, and the UK. Bolstering its leadership team with key appointments such as David Lagarde as Chief Operating Officer, Tobias Eppler as Chief Growth Officer, and Lukas Klinser as Chief Product Officer, Hive is primed for accelerated growth and product innovation in the coming years.
Tim Rehder, Partner at Earlybird, emphasized the firm’s confidence in Hive’s trajectory, stating, “Hive has demonstrated unparalleled growth, technological maturity, and strong leadership in the European market. We are excited to support their journey ahead.”
Looking ahead, Hive Technologies plans to leverage the new funding to further enhance its platform capabilities, accelerate market expansion, and aim for profitability by next year. With a steadfast commitment to innovation and customer-centric solutions, Hive Technologies continues to set new standards in the realm of commerce operations, positioning itself as a cornerstone of growth and efficiency for brands across Europe.
Editorial Opinion:
Hive Technologies stands at the forefront of revolutionizing commerce operations in Europe with its innovative platform and strategic vision. Founded in 2020, Hive has swiftly emerged as a beacon of efficiency and cost-effectiveness for brands navigating the complexities of modern retail. By seamlessly integrating advanced technology with a network of top-tier operations providers, Hive not only optimizes critical processes such as inventory management, order fulfillment, and delivery logistics but also enhances the overall consumer experience with personalized tools and transparent tracking solutions. The company’s proprietary Warehouse Management System (WMS) and Transport Management System (TMS) have not only streamlined operations but also set new benchmarks for reliability and scalability in the industry.
With recent investments totaling €28.2 million, backed by leading venture capitalists and strategic partners, Hive is well-positioned to capitalize on its momentum and expand its market reach across key European markets including Germany, France, Italy, Spain, and the UK. The appointment of seasoned executives to key leadership positions further underscores Hive’s commitment to driving innovation and operational excellence. As Hive continues to innovate and expand, its dedication to enhancing commerce operations for brands, improving efficiencies, and boosting profitability remains unwavering. With a clear roadmap for growth and a strong foundation built on technological prowess and customer-centric solutions, Hive Technologies is poised to shape the future of commerce operations in Europe and beyond, solidifying its status as a trailblazer in the industry.
