Hive secures mid-double-digit million figure in Series A funding
Hive, a software and operational services provider to help direct-to-consumer brands manage their operations, has secured a figure in the mid-double-digit millions in its Series A funding round.
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.
Just 16 months after its founding, Hive announces the successful closing of their Series A funding round. The Berlin-based company 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 have 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,” says Co-Founder Oskar Ziegler.
With the capital raised, Hive plans to expand geographically, starting with Paris in early 2022.
Co-Founder Franz Purucker is looking forward to the next big steps: “With Hive, we are already the partner in all operational issues. We help other founders focus on their product instead of dealing with customs regulations and returns. The new capital gives us the opportunity to invest further in our software and build a pan-European offering for customers. We are very excited about that.”