AI powered delivery startup HIVED raises $42m in Series B funding to take logistics network nationwide

HIVED, an AI powered delivery startup used by retailers including Zara, Uniqlo, and John Lewis, has secured $42 million in Series B funding.

Led by NordicNinja, the cash will be used to accelerate the firm’s UK roll-out and grow its engineering and data teams. The funds will also support development of its logistics intelligence platform HIVEDmind.

HIVED’s delivery service is aimed specifically at e-commerce, using AI, real-time data and modern architecture to connect retailers, warehouses, drivers and end customers with a single integrated platform.

Retailers can integrate directly with its real-time warehouse sorting while routing algorithms adapt to driver behaviour and real-world situations. Its dynamic delivery clusters are redrawn based on live parcel volumes, replacing traditional postcode systems.

Thanks to this system, HIVED says it offers highly accurate delivery for customers, which is key to solving the last metre challenges of logistics. Its tracking and delivery service, called Where Is My Order, has reduced the number of customer enquiries by more than 90% compared to other carriers.

HIVED also claims to have the first and only logistics network that runs on 100% electricity, including its fleet.

Murvah Iqbal, Co-founder and CEO at HIVED, comments: “Parcel delivery should feel seamless, not stressful, but most of the industry is still running on systems that were never designed for e-commerce.”

“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.”

Tomosaku Sohara, Managing Partner at NordicNinja adds: “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.”

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