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.