AI-powered delivery service HIVED has raised $42m (£31m) in a Series B funding round.
The funding will be used to accelerate hiring, fuel HIVED’s expansion into several new UK cities, and further develop its proprietary models.
The firm’s proprietary logistics intelligence platform, HIVEDmind, uses AI, real-time data and modern architecture to connect retailers, warehouses, drivers and end customers through a single, integrated, fully synchronised end-to-end system.
Following a seed round in 2021 and Series A in 2023, HIVED has delivered over 6.5 million parcels across Greater London for companies such as John Lewis, Nespresso, Uniqlo and Zara.
“At HIVED, we’ve taken a fresh approach – rethinking everything from first principles, putting technology and experience at the centre, and proving there’s a better way to do this at scale,” said co-founder and chief executive Murvah Iqbal.
“This raise is a huge step forward in making great delivery the norm, not the exception.”
The funding round was led by Japanese VC NordicNinja with participation from investors including Planet A and Future Back Ventures by Bain and Co.
Tomosaku Sohara, managing partner at NordicNinja, added: “HIVED is doing what no one else in logistics has managed to do – pair a truly outstanding consumer experience with deep operational control.
“They haven’t just improved delivery, they’ve reimagined it from the ground up, with technology as the foundation, not an afterthought.”
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