# arive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arive

- Industry: Retail
- Headquarters: Munich, Germany
- Website: www.getarive.com
- Total disclosed funding: $37M
- Latest round: Series A (Apr 29, 2022)
- Investors on record: 14

## About

Founded in 2021 and based in Munich, Germany, arive GmbH develops and operates an online platform that connects users to different brands that offer cosmetics, fitness, and lifestyle products. The company was founded by Linus Fries and Maximilian Reeker. In September 2021, arive GmbH raised its latest EUR 6 million Seed funding from 468 Capital, La Famiglia VC, and Balderton Capital.

The company offers a platform that connects users to different brands that provide various products for cosmetics, fitness, and lifestyle. The user can find and order products in the application and they will be delivered via a bike-only fleet in 30 minutes or less. The company partners with brands such as Aesop, Apple, Gitti. Two 46, and Lego.

The company's revenue is generated by margins and commissions on the products it sells.

The company plans to use the proceeds of its latest Seed funding for its international expansion.

## Funding rounds

- Series A, Apr 29, 2022, $10M — Balderton Capital, Atlantic Labs, Fox Ventures, La Famiglia, Burda Principal Investments, 468 Capital, Collective Ventures, Halo PCC Limited, ELUNDA GmbH, Fluss des Lebens GmbH, Relay Capital, Kima Ventures
- Series A, Dec 13, 2021, $20M — Balderton Capital, Rocket Internet SE, Global Founders Capital, La Famiglia, Burda Principal Investments, 468 Capital
- Seed, Jul 30, 2021, $7.1M — Balderton Capital, La Famiglia, 468 Capital

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Seed, Series A
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed, Series A
- 468 Capital (https://capitalatlas.ai/funds/468-capital) — Seed, Series A
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- Burda Principal Investments (https://capitalatlas.ai/funds/burda-principal-investments) — Series A
- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Series A
- Fox Ventures (https://capitalatlas.ai/funds/fox-ventures) — Series A
- Collective Ventures (https://capitalatlas.ai/funds/collective-ventures) — Series A
- Halo PCC Limited — Series A
- ELUNDA GmbH — Series A
- Fluss des Lebens GmbH — Series A
- Relay Capital — Series A
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Series A