Funding Alert

Hive buzzes following $34M investment

• ByDevika S     |    November 12, 2021

Hive, based in Berlin, received a new investment of $34 million on Wednesday as it continues to expand its technology, which offers direct-to-consumer firms a new approach to manage operations.Oskar Ziegler, Franz Purucker, and Leo von Kleist created the company in July 2020 to provide software and operational services, including transparent cost structures, unique features, and environmentally friendly packaging and shipping.

Hive swiftly developed to over 100 employees in 18 months, concentrating on product warehousing and order processing through its own fulfilment centre. The company’s revenue increased tenfold over that time, and it now processes a few thousand items every day.

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