HIVED raises £31m in Series B funding led by NordicNinja to expand its logistics network.
The Series B round was led by NordicNinja to support nationwide expansion and platform development.
HIVED operates an electric parcel delivery network built specifically for ecommerce retailers. The company uses an artificial intelligence platform to manage routing and logistics operations.
HIVED has secured £31m in Series B funding to scale its parcel delivery network across the United Kingdom. NordicNinja led the financing round, with participation from several other institutional backers including Wex Venture Capital, Marunouchi Innovation Partners, Elemental Impact, Yamato Holdings, Future Back Ventures by Bain and Co, Rocketship VC, and existing investor Planet A.
The company will direct the capital towards expanding its operations into new British cities, growing its engineering and data teams, and further developing its proprietary HIVEDmind platform. HIVED operates an all-electric delivery fleet designed around dynamic delivery clusters rather than traditional postcodes.
The latest financing brings the total raised by the delivery startup to £58m, supporting its ongoing rollout across major metropolitan areas. HIVED currently serves prominent retail brands including John Lewis, Nespresso, Uniqlo, and Zara.
From the founder
"Parcel delivery should feel seamless, not stressful, but most of the industry is still running on systems that were never designed for ecommerce. 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. This raise is a huge step forward in making great delivery the norm, not the exception."
Murvah Iqbal
Co-founder and CEO at HIVED
Investor perspective
"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. This means their technology isn’t just modern, it’s built to scale. We believe HIVED has the platform, the team, the operational excellence and the momentum to reshape the future of parcel delivery and we’re proud to back them as they expand across the UK."
Tomosaku Sohara
Managing Partner, NordicNinja
Use of funds
- 01Grow the team
- 02Expand into international markets
- 03Continue product development
Investors
Tomosaku Sohara
NordicNinja
Wex Venture Capital
Marunouchi Innovation Partners
Elemental Impact
Yamato Holdings
Future Back Ventures by Bain and Co
Rocketship
Planet A
Categories
About the company
HIVED
HIVED operates an all-electric parcel delivery network powered by proprietary logistics software.