{"id":75690,"date":"2021-09-08T08:33:00","date_gmt":"2021-09-08T06:33:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=75690"},"modified":"2021-09-07T16:05:47","modified_gmt":"2021-09-07T14:05:47","slug":"arive-seed-financing","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/75690\/arive-seed-financing\/","title":{"rendered":"Arive receives 6 million euros in seed financing"},"content":{"rendered":"
\n

With Arive, Munich now also has a startup dedicated to express delivery. Within 30 minutes<\/a> The company aims to deliver goods ordered via the app to its customers. However, Arive doesn't sell groceries, but rather fitness and personal care products, cosmetics, household goods, technology, and fashion. As with similar services, orders are assembled in urban warehouses and then picked up and delivered by a driver from the bike fleet.<\/p>\n\n\n\n

Linus Fries<\/strong>, Co-Founder of Arive, explains:<\/p>\n\n\n\n

"We want to become the first destination that connects people with the brands they love, not just the things they need. Arive will serve as a source of inspiration for its customers, whether it's home goods, gadgets, or fashion, empowering people to transform their lifestyles in just 30 minutes."<\/p><\/blockquote>\n\n\n\n

Arive: Brands are \u201cstuck in a three-day delivery scheme\u201d<\/h2>\n\n\n\n

And Co-Founder Maximilian Reeker<\/strong> added:<\/p>\n\n\n\n

"As the hyperfast grocery delivery space becomes increasingly crowded, we've found that the brands we love are still stuck in a three-day delivery schedule. That's too long for today's time-poor consumers. We're excited to transform the shopping habits of urban consumers and work closely with our experienced investors to make this happen."<\/p><\/blockquote>\n\n\n\n

Colin Hanna<\/strong>, Partner at Balderton Capital, says:<\/p>\n\n\n\n

"Linus, Max, and the entire Arive team combine a far-reaching vision with focused execution. They have a sophisticated understanding of both the future of consumer logistical preferences and the aesthetic landscape that protects brands and helps them thrive. As early investors in companies like THG, Depop, Beauty Pie, and Vanmoof, we look forward to helping Arive power the next wave of European brands and become a global giant in its own right."<\/p><\/blockquote>\n\n\n\n

Arive is currently available in Munich, Berlin, Hamburg and Frankfurt. By the end of the year, the Startup<\/a> its international expansion. The Munich-based company plans to invest the money from the financing round in product development, supply chain infrastructure, and team expansion.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Munich-based express delivery service Arive has successfully completed its seed financing round, raising \u20ac6 million. 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