HIVED announces new investment from Future Back Ventures by Bain & Company
HIVED has announced additional investment from Future Back Ventures, Bain & Company’s venture arm investing in early to late stage startups founded or led by Bain alumni.
HIVED has announced additional investment from Future Back Ventures, Bain & Company’s venture arm investing in early to late stage startups founded or led by Bain alumni. This investment accelerates HIVED’s capacity for scaling their delivery operations in the coming months, leading on sustainable parcel delivery at scale.
Following HIVED’s recent $12.4m Series A funding announcement in April, this partnership further secures HIVED’s position in the market, providing international retailers with innovative and reliable sustainable deliveries.
HIVED is the industry leading sustainable courier and works with several notable international retailers for same-day, next-day, and two-day deliveries including ASOS, Zara, and Karen Millen. Operating a 100% electric fleet powered by renewable energy, every HIVED delivery reduces carbon emissions by up to 76% compared to traditional delivery methods.
Ann Scott-Plante, Head of Future Back Ventures, shared: "Future Back Ventures by Bain and Company is proud to support our alumni building great companies -- Congratulations to the HIVED team, including Bain Alum, James Mattinson, on achieving a major milestone in pursuit of greener and meaningfully better parcel delivery.
We are thrilled to partner with HIVED because of its proven ability to reduce the impact of parcel delivery on the environment while delivering superior service. This dynamic team is innovating and delivering every day on their vision for the most sustainable, people-centric, and efficient delivery network ever. Future Back Ventures is excited to enable HIVED to leverage the deep strategic and logistics expertise of Bain & Company in the next stage of the company's growth and could not be more excited to be along for the [electric] ride!"
James Mattinson, HIVED Chief of Staff and Bain alum, added: "It’s a full circle moment for me to partner with the fantastic team at Future Back Ventures. I spent six years in the Bain Johannesburg, Dubai, and London offices working across private equity and industrial sustainability projects, all of which continues to inform the work we are doing to scale HIVED. Future Back Ventures is a great new initiative from Bain & Company, and we’re thrilled to be one of their first investments.”
Curious about sustainable shipping with HIVED? Reach out to us here to get in contact with our team.