Funding
UK delivery startup Hived raises $42 million to expand network
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UK parcel delivery startup Hived, which uses AI to help manage its network, said on Thursday that it has raised $42 million in funding from investors to expand its operations across most of Britain over the next two years.
The Series B round of funding was led by Japanese-backed venture capital firm NordicNinja and included investments from Wex Venture Capital, Marunouchi Innovation Partners and Elemental Impact.
Hived, which uses an entirely-electric fleet of delivery vans and heavy goods vehicles, has signed up retailers including John Lewis, Uniqlo,…
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