Hivery secures a $30 million investment led by Tiger Global
Hivery, a startup that has developed an optimisation platform for retailers, has bagged $30 million in a Series B round led by Tiger Global, with participation from Blackbird Ventures, AS1 Growth Partners and OneVentures.
The Series B is part of the Australia-based firm’s strategy of accelerating key hires and product development to support customer demand and international expansion beyond the US.
The proceeds will fuel the growth of products that help bricks and mortar businesses make decisions about physical space and product displays.
"This new round, which includes new and existing investors, is a validation of our achievements to date and the strength of our vision,” says Jason Hosking, CEO and Co-founder at Hivery.
“This comes just months after CB Insights named us in their world Retail Tech 100 rankings.”
“We are excited to have Tiger Global as part of our investor team. Our investors all share our vision to bring AI driven assortment and optimisation solutions to the global retail industry."
“Hivery’s AI driven optimisation strategies are creating a much more effective way for retailers and suppliers to collaborate,” says Griffin Schroeder, Partner, Tiger Global.
“We live by our philosophy of investing in generational companies, and we are excited to continue to support Hivery’s rapid growth with this follow on investment,” comments Niki Scevak, Partner, Blackbird Ventures.
