arive announces €6M Seed round to deliver high-end consumer products to your door

SEP 02, 2021

BY BALDERTON

The funding was led by 468 Capital and La Famiglia VC with Balderton Capital.

Munich-headquartered startup arive is combining innovation in last-mile logistics with the delivery of high-end consumer products to redefine the consumer shopping experience. 

By bringing together a curated selection of well-known brands and last-mile delivery logistics with an innovative tech stack, arive wants to change how people shop. From fitness products, cosmetics, personal care, homeware, tech and fashion, consumers can use arive to order everything they want and love.

Currently available in Munich, arive is launching in Berlin, Frankfurt and Hamburg in August and plans to expand internationally before the end of the year.

arive will be using this funding round to invest in product development, supply chain infrastructure, and growing the team.

How arive works

Consumers submit an order on the app, which is then picked by arive staff in city warehouses, before being delivered by a bike-only fleet in 30-minutes or less.

We want to become the number one place to connect people with the brands they love and not just the things they need. arive will serve as an inspirational tool for its customers, whether it's homeware, gadgets or fashion, and empower people to transform their lifestyles in only 30 minutes.

Linus Fries, co-founder of arive

The last-mile delivery sector has exploded in the past few months with startups across Europe and the US raising $3.1 billion in the last quarter alone in order to deliver groceries with a 10 or 20-minute delivery promise. This has led to a change in consumer expectations – when once a three-day or next-day delivery would suffice,  customers have now become used to receiving products almost instantaneously.

However, huge parts of the e-commerce market are underserved with this model – a market that is surging across Europe, growing nearly 15% between 2019 and 2020 in Germany, and 46% in the UK. With shopping traffic in inner cities still below pre-Covid levels, there is an opportunity to fix the issues with consumer online shopping, from tackling the pain points around long delivery times to the friction felt when returning items. 

The arive app

While the space for hyper-fast grocery delivery is increasingly crowded, we found the brands we love are still stuck in a three-day delivery scheme. For today’s time-poor consumers, this is too long. We’re excited to transform consumer shopping habits in cities and look forward to working closely with our experienced investors to achieve this.

Maximilian Reeker, co-founder of arive

Linus, Max, and the entire team at arive are combining an expansive vision with focused execution. They possess a sophisticated understanding of both the future of consumer logistical preferences but also the aesthetic landscape that protects brands and helps them thrive. As early investors into companies like THG, Depop, Beauty Pie and VanMoof, we are looking forward to helping arive drive the next wave of European brands and becoming a global giant in its own right.

Colin Hanna, partner, at Balderton

Read more about the fundraise in TechCrunch: "iPhone inside 30 mins? Germany’s Arive brings consumer brands to your door, raises €6M"

Read Shikha's Medium post: "Why we invested in arive"

READ MORE ARTICLES

Stay in touch with Balderton

Sign up for our newsletter to stay up to date on news from Balderton, and our portfolio.