Tiger Global leads USD 34m Series A round in Hive Technologies
Berlin — The US financial investor Tiger Global has acquired a stake in Hive Technologies GmbH. Hive Technologies GmbH’s Series A financing round was led by Tiger Global as lead investor; other investors included Activant and the
existing investors Earlybird and Picus. A total of around 34 million US dollars was invested as part of the financing round. — Tiger Global was advised by Gleiss Lutz on this transaction.
Hive handles the entire fulfillment process for online retailers, from goods receipt at its own warehouse in Berlin to shipping to end customers. With the Hive app, sellers receive precisely tailored logistics analyses, forecasts and suggestions, for example, for the procurement of items with low stock levels.
About Tiger Global
Tiger Global is a private equity and venture capital investor with investment focus in the Internet and technology sectors with over $60 billion in assets under management. Since 2001, the company has invested in technology companies in over 30 countries.
Gleiss Lutz has regularly advised Tiger Global on its activities in Germany for many years, most recently on investments in fintech unicorn Mambu, legal tech start-up BRYTER and the
software company Talon.One and on the sale of the stake in Flaschenpost.
Advisor Tiger Global: Gleiss Lutz
Dr. Ralf Morshäuser (Partner, Munich), Dr. Daniel Heck (Counsel, Hamburg; both Lead), Dr. Patrick Mossler (Partner), Dr. Michael Knierbein (both Hamburg), Dr. Tobias Falkner (Counsel, Munich, all Corporate/M&A), Konrad H.J. Discher (Counsel, Real Estate, Frankfurt), Dr. Alexander Molle (Partner), Dr. Matthias Schilde (both IP/IT, Berlin), Dr. Jens Günther (Partner), Dr. Matthias Böglmüller, Dr. Eva Holstermann-Heup (all Labor Law, Munich), Simon Clemens Wegmann (Data Protection, Berlin), Dr. Jacob von Andreae (Partner), Aylin Hoffs, Matthias Hahn (all Public Commercial Law, Düsseldorf).