Hive to secure €29 million in a Series A capital funding round led by Tiger Management.

Hive Logistics, a Berlin, Germany-based startup building SAAS logistics solutions for e-commerce businesses, announced securing series A equity raising closed at €29 million ($33M).

The money was raised from investors led by Tiger Global and joined by existing investors Earlybird Ventures and Picus Capital. Activant Capital from the US also contributed to the round as a new investor. According to media sources, the deal values the company at €135 million ($155M), post money.

Proceeds will be used to expand geographically.

Hive, founded in 2020 by Oskar Ziegler, Leonard von Kleist and Franz Purucker, aims to become the go-to logistics software provider for DTC retailers, as it sells SAAS helping with storing, fast shipping and returns. The company has 100 employees and has 15 paying customers.

Hive previously raised €1.6 million in the spring of 2021, a deal extended to 6.6 million as the company accomodated also Earlybird as investors in the company.