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01/11/2022

German Delivery Service Raises $20M

Arive, a German-based grocery and instant needs delivery service, has raised $20 million in a funding round.
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arive automobile

Arive is still relatively new after launching in 2021. The company operates in four German cities; Berlin, Hamburg, Munich and Frankfurt. The company has reached 100,000 app downloads, according to Arive. The platform, which is continually expanding its product offering, includes many brands that are vetted by Arive based on sustainability, impact on culture and brand values. The platform offers delivery in 30 to 60 minutes.

Executive Summary

The funding comes at a time when instant needs and grocery delivery services are attracting investors. At the same time, delivery services are getting faster, with startups racing to reduce delivery times for digital orders, and the fastest companies offering delivery in as little as 10 minutes in metropolitan areas such as New York City.

Arive differentiates itself from other grocery delivery services by supplying a broader assortment of products, including fitness products to cosmetics, personal care, homeware, tech and fashion. 

The funding was led by Balderton Capital, a venture capital firm based in London, along with Global Founders Capital and Burda Principal Investments, as well as previous investors La Famiglia and 468 Capital. Balderton Capital also invested in Arive’s first seed round. Arive plans to use the funding to expand its shopping model across Europe, starting with London and Paris, as well as across Germany. In addition, Arive will add a new connected retail vertical that allows local premium stores to list their products on the arive app and use arive’s couriers to deliver orders to customers.

“We will use the new funding to continue our rapid growth strategy, including further expansion in Germany, launching in more European cities, plus doubling our team size,” Maximilian Reeker, co-founder of Arive, said in a statement. “In addition, we will continue to connect and integrate premium retail stores to offer our customers an even better range of products and shopping experience to further change buying habits.”