London-based HIVED Secures $42Million In Series B Round

The funds will be used to grow its team, expand to more UK cities, and enhance its in-house technology.

HIVED is redesigning parcel delivery for the e-commerce era. While most logistics companies still use outdated systems, HIVED has built its network from scratch using real-time data and AI. Its HIVEDmind platform connects retailers, warehouses, drivers, and customers in one seamless system.

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The company uses a 100% electric fleet, making it the world’s only fully electric delivery network. Unlike traditional postcode-based delivery, HIVED creates dynamic delivery clusters that adjust in real time based on parcel demand.

Retailers benefit from live tracking, data-rich dashboards, delivery photos, fraud detection, and behaviour alerts — giving them more control and better customer experiences.

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

At HIVED, 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.

Thanks to the accuracy and depth of HIVED’s AI models, the platform can predict delivery volumes with high precision. It understands how long deliveries take in specific neighbourhoods, where common delays happen—like gated buildings or tricky courtyards—and even the best places to park, all based on real-world data, not guesswork.

This detailed level of insight is hard to build but is essential for solving last-metre delivery challenges. It’s also what gives HIVED a strong edge over competitors — making it the highest-rated parcel delivery service in the UK on Trustpilot.

Customers love the experience so much that choosing a retailer offering HIVED delivery is becoming a deciding factor when shopping online. This makes it a big win for HIVED’s retail partners, too.

The round was led by NordicNinja, known for backing top logistics startups like Bolt and Einride. Other participants included Wex Venture Capital, Marunouchi Innovation Partners, Elemental Impact, Yamato Holdings, Future Back Ventures by Bain & Company, Rocketship VC, and existing backers like Planet A.

Tomosaku Sohara, Managing Partner at NordicNinja, said: 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.

Anna Lundstrom, CEO of Nespresso UK & Ireland, said: Today’s customers want fast, convenient, personalised experiences, with sustainability at their core. For many, receiving a parcel from Nespresso is their very first physical interaction with the brand, and HIVED’s clear, dynamic live tracking and seamless delivery build a sense of trust and reliability.

It’s not innovation for innovation’s sake – HIVED really listens to customers and focuses on doing things in the best, most efficient way.

The funding will help HIVED expand across the UK, grow its engineering and data teams, and further develop its logistics intelligence platform, HIVEDmind.

About HIVED

Founded in 2021, HIVED is an AI-powered, all-electric parcel delivery startup built for modern e-commerce. Backed by major retailers like Nespresso and H&M, HIVED offers fast, green, and customer-first deliveries—setting a new standard for the logistics industry with purpose-built tech and a future-ready network.