BMH BRÄUTIGAM advises Earlybird on € 6.6 million financing round of Hive
BMH BRÄUTIGAM has advised Earlybird Venture Capital on the € 6.6 million seed financing round of Berlin-based logistics start-up Hive.
The financing round is led by venture capital investor Earlybird, who focuses on technology companies in Europe. In addition to Earlybird, other investors include Amplifier, experienced business angels and investors, including Picus Capital and the founders of Flixbus and Forto.
Founded in Berlin in 2020 by Oskar Ziegler, Franz Purucker and Leonard von Kleist, Hive helps e-commerce companies build competitive and scalable shipping logistics. The Corona pandemic has given the entire e-commerce sector another boost and more than ever D2C brands need to be able to focus on product sales and brand building. As a real alternative to Amazon and Co., Hive offers them technology-supported, scalable and extremely efficient shipping logistics from a single source, including specially operated logistics centres as well as state-of-the-art software with customised analyses, forecasts and suggestions, for example, for the procurement of items with low stock levels.
The young company will use the fresh capital for the expansion of its product range, the development of new markets and the gradual enlargement of the Berlin team.
Background: BMH BRÄUTIGAM has continuously been advising Earlybird on investments (most recently on its investment in Instamotion, on the Series D financing round of Unicorn sennder as well as on its investment in Energy Robotics, Upvest, as well as on the merger of Everoad and sennder) and has been able to further strengthen and expand the client relationship.
Team BMH BRÄUTIGAM: Dr. Patrick Auerbach, Dr. Alexander Wulff, Raoul Moritz Nissen, Edzard Rothen (all Venture Capital)