TLDR:
Key Points:
- Hive Technologies secures €28.2m funding in Series A extension round.
- Plans to enhance growth and product development initiatives in Europe.
European operations platform for commerce brands, Hive Technologies, has secured €28.2m in its Series A extension round, with additional venture debt funding of around €10m from Atempo Growth. The company aims to use the funds to boost growth, product development, and support for independent commerce brands in the European market. Hive focuses on streamlining commerce operations by integrating technology with a network of operations providers. Notable features of Hive’s platform include multi-channel inventory and order management, personalization tools, intelligent carrier selection, consumer-facing tracking and returns solutions, and proprietary Warehouse Management System and Transport Management System.
The company introduced features like Delivery Promise, contributing to brands’ conversion rate enhancements by providing accurate delivery date estimates. Strengthening its executive team and expanding its geographic footprint to include France, Germany, Spain, Italy, and the UK, Hive is poised to make a significant impact on commerce operations in Europe. Co-founder and CEO Oskar Ziegler expressed enthusiasm for the opportunities ahead with the additional funding, aiming to create more impact for brands across Europe.
