Maersk Growth announces its investment in HIVED
London, UK, September 2022 — Maersk Growth announces its investment in HIVED, a UK-based logistics company building the future of parcel delivery.
The investment in HIVED directly supports Maersk Growth’s efforts to digitise, democratise, and decarbonise supply chains by backing new business models and technologies.
Maersk Growth's previous early investments include the likes of Forto, Huboo, and Einride.
HIVED was founded with a vision to transform e-commerce deliveries from the ground up by leveraging process innovation, data, software, and vertical integration. Having raised an initial £2 million in September 2021 from Pale Blue Dot, Eka Ventures, and notable angels, HIVED’s revenue has rapidly grown by more than 35% month over month since inception. The team have scaled to over 100 and now operates across Greater London — with plans to continue expansion early next year. With the largest zero-emission fleet in the UK, nationwide collection, and same-day, next-day, and two-day delivery options, HIVED provides a superior delivery experience that is both sustainable and affordable.
Oliver Finch, Partner at Maersk Growth, shared:
"We are delighted to join the HIVED journey. Murvah, Mathias and the HIVED team are doing an amazing job of creating positive last-mile and doorstep brand experiences. HIVED’s intelligent use of data and process innovation, coupled with a strong focus on people and culture, is already yielding exciting results. The zero tailpipe emission fleet provides practical and scalable ways for brands to improve their e-commerce service whilst tracking and meaningfully reducing scope 3 emissions".
Murvah Iqbal, co-founder and CEO at HIVED, commented:
“Our vision at HIVED is to build the future of parcel delivery at scale. We could not be more excited to bring Maersk Growth on our journey. Maersk has a fantastic trusted reputation in the shipping industry and really knows what scale looks like, given they ship roughly 20% of all ocean freight. We’re excited to partner with Maersk Growth as we look to expand into new geographies and countries. Given the shared customer base, there is endless room and potential for collaboration”.
Thor Sørensen, Senior Portfolio Manager, added:
“We are really excited to start working with HIVED. Their service opens up opportunities to offer our customers a decarbonised and highly customer-centric parcel delivery product without compromising on cost competitiveness. We will work together to scale the offering, starting in London and expanding across the UK and Western Europe. Our investment in HIVED has the potential to unlock material strategic value for Maersk, and to position HIVED as a trusted partner in supporting our mission to offer end-to-end zero-carbon logistics”.
HIVED ships for over 100 brands in London, including AllPress, Candy Kittens, Minor Figures, and major international retailers, to be announced in the coming weeks.
Founded in 2021, London-based company HIVED is building the first-ever sustainable parcel delivery network at scale, offering businesses a dependable and emission-free shipping option at an affordable cost. HIVED’s growth since its inception has been relentless due to customer obsession and an approach to building from the ground up. Today, HIVED ships for over one hundred brands with a nationwide collection. HIVED is integrated with Metapack, Shopify, Shiptheory, and more.
About A.P. Moller - Maersk
Maersk Growth is the Venture Arm of A.P. Moller–Maersk – with the mission to digitise, democratise, and decarbonise supply chains. We invest in and partner with talented startups, scaleups, and visionary innovators. We seek to enable our portfolio companies' full potential and generate strategic value for A.P. Moller-Maersk by leveraging our ‘ABCDE’ - Assets, Brand, Customers, Data and Expertise.