Fundz

Arive Raises $20M For An Instant Delivery Service Beyond Groceries And Essentials

PRIVATEJan 10, 2022

Amount Raised

$20 Million

Round Type

Funding Round

MunichSoftwareCommerce And Shopping

Description

Instant purchase and delivery of food and other essentials was one of the big bubbles of opportunity in the world of e-commerce in the last year, with dozens of startups big and small emerging and scooping up funding to build out businesses to bring items like groceries, toilet paper and Tylenol to people’s doors in 30 minutes or less. Now a startup called Arive that’s applying this concept to the wider world of consumer goods in a Prime Now-style service — partnering with premium stores and brands to sell and deliver items like Apple electronics and Bose headphones, Lululemon active wear, furniture and beauty and bath products and Van Moof electric bikes, and then delivering items via its own courier service —  is announcing a Series A of $20 million to see if the idea finds traction beyond essentials.

Quick answer

Arive raised $20 Million in a Funding Round round, dated January 10, 2022. Arive is based in Munich, Bavaria, Germany.

How much did Arive raise?
Arive raised $20 Million in a Funding Round round on January 10, 2022.
What does Arive do?
The startup launched only four months ago and is currently active in just four cities in Germany — Berlin, Hamburg, Munich and Frankfurt — although now the idea will be to use the investment to expand further across the..
Where is Arive based and how big is it?
Arive is based in Munich, Bavaria, Germany.

Source: Fundz verified event record.

Who else raised in Commerce And Shopping and Software around the same time

Companies in the same sectors as Arive that raised within 45 days of this round, from Fundz verified event records.

  • The INKEY List raised an undisclosed amount on February 18, 2022.
  • Branch raised $143M on February 17, 2022.
  • Bright raised $600K (Seed) on February 11, 2022.
  • Duplo raised $1.3M (Pre-Seed) on February 10, 2022.
  • Branch raised $300M (Funding Round) on February 10, 2022.
  • Vendelux Inc. raised $2.4M (Seed) on February 9, 2022.

Who to call at Arive, and when

A new round usually means Arive is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Arive

Location

Munich, Bavaria, Germany

About

The startup launched only four months ago and is currently active in just four cities in Germany — Berlin, Hamburg, Munich and Frankfurt — although now the idea will be to use the investment to expand further across the country and to start considering which other markets to tackle next. Beyond that, white label services — where Arive might sell its backend technology and delivery infrastructure to third-party retailers to build their own instant delivery services — is another area that the company is considering, Fries said. Or, it could point to how there remains an opportunity for a smaller and more focused company to get the model right, understanding that the market has matured in the last eight years and consumers are not only more willing to shop online than ever before due to Covid-19, but have focused their expectations of how that experience should more closely mirror the instant-gratification of shopping in person. Finally, high basket sizes and no wastage means the company has a much stronger path to a sustainable business model over the long run. Meanwhile, although it’s taking a different approach in instant delivery by eschewing groceries and FMCG essentials and focusing on higher-ticket slower-moving consumer goods, Arive is still operating very much with those grocery delivery startups in mind for another reason. They are already used to getting their food quickly, which is the first step.”Arive is not the first company to have thought of building a service around instant delivery of virtually any kind of item a person might like to have without leaving their homes to buy it.

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