BurdaPrincipal Investments (BPI), the growth capital arm of media and tech company Hubert Burda Media, has invested in Munich based start-up arive which is transforming consumer shopping habits by delivering high-end consumer brands to their doors in hours.
The German start-up has raised $20 million in Series A funding with Balderton Capital leading the round. Next to BPI, Global Founders Capital as well as previous investors La Famiglia and 468 Capital participated in the round which was led by Balderton Capital.
Delivering premium products to busy urban consumers
by Katharina Richter
Senior PR Manager, Hubert Burda Media