# Shenzhen Hive Box Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-hive-box-technology-co

- Industry: Logistics & Distribution
- Headquarters: Shenzhen, China
- Website: www.fcbox.com
- Total disclosed funding: $760M
- Latest round: Series C (Jan 8, 2021)
- Investors on record: 9

## About

Shenzhen Hive Box Technology Co., Ltd. is a Chinese tech firm specializing in innovative logistics solutions through an extensive network of automated express lockers, enhancing parcel security and accessibility for clients across various sectors.Founded in 2015 and headquartered in Shenzhen, China, Shenzhen Hive Box Technology Co., Ltd. focuses on providing smart logistics solutions. The company has engaged in five significant deals, with its latest funding round being a Series C of USD 400.00 mn raised on January 8, 2021. Investors in this round included All-Stars Investment, Asia Forge, Hongwei Capital, Sequoia Capital, and Trustbridge Partners. Yubin Xu is the current CEO, leading the company since its inception.Hive-Box specializes in providing customized software and hardware solutions tailored to meet the diverse logistical needs of its clients. The company's primary offering is an extensive express locker system, which boasts the world's largest network of 150,000 lockers situated throughout China. These lockers facilitate various value-added services, including automated vending machines, storage options, and advertising capabilities. Hive-Box's technology ensures 24/7 operation with bank-level data security, addressing end-use cases such as real-time monitoring of incoming parcels and enhancing parcel security. The company collaborates with various organizations globally, extending its services beyond China to cater to different sectors and industries, solidifying its client base in both B2B and B2C markets.Hive-Box generates revenue through a combination of partnerships and service agreements with multiple organizations, primarily operating in the logistics and retail sectors. The transactional structure involves service subscriptions for access to their express locker systems, where clients pay for usage based on the volume of parcels processed or stored. Hive-Box also offers value-added services such as advertising and vending solutions, which may be integrated into their locker systems to enhance revenue streams. The company’s flagship offerings, including its express locker network and associated software solutions, form the cornerstone of its revenue-generating model, positioning them well within both local and international markets for strong growth potential.Shenzhen Hive Box Technology Co., Ltd. plans to utilize the recent Series C funding of USD 400.00 mn to support the development of new product offerings and enhance its market presence. The company is focused on expanding its express locker services into new geographic regions beyond China, with specific plans to target markets in Southeast Asia by 2023. This expansion aims to leverage the existing technology infrastructure to cater to an increasing demand for automated logistics solutions in the region.

## Funding rounds

- Series C, Jan 8, 2021, $400M — Hong Shan, Trustbridge Partners, All-Stars Investment, Asia Forge, Hongwei Capital
- Series A, Jan 6, 2017, $360M — CDH Investments, China Development Bank Capital, Eastern Bell Capital, Ruiji Investment

## Investors

- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series A
- China Development Bank Capital — Series A
- Eastern Bell Capital — Series A
- Ruiji Investment — Series A
- Hong Shan — Series C
- Trustbridge Partners (https://capitalatlas.ai/funds/trustbridge-partners) — Series C
- All-Stars Investment (https://capitalatlas.ai/funds/all-stars-investment) — Series C
- Asia Forge — Series C
- Hongwei Capital — Series C