About Hive Box
Hive Box is a company based in Hong Kong (China) founded in 2015 by Yubin Xu and Wei Wang. It operates as a SaaS (Software-as-a-Service), and Product-as-a-Service. Hive Box has raised $1.08 billion across 3 funding rounds from investors including Trustbridge Partners, Asia Forge and HongShan. Hive Box offers products and services including Hive Box Flexi, Smart Parcel Locker, and Twin Face Locker. Hive Box operates in a competitive market with competitors including FLEXIPASS, Shenzhen Maihard Industrial, Di Yi Box, Fuzhou Youbao Electronic Technology and Sposter, among others.
- Headquarter Hong Kong, China
- Founders Yubin Xu, Wei Wang
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Hong Kong Hive Box Technology Co., Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.08 B (USD)
in 3 rounds
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Latest Funding Round
$400 M (USD), Series C
Jan 08, 2021
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Investors
Trustbridge Partners
& 8 more
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Employee Count
Employee Count
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Products & Services of Hive Box
Hive Box offers a comprehensive portfolio of products and services, including Hive Box Flexi, Smart Parcel Locker, and Twin Face Locker. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A SaaS platform for locker access and management.
Lockers designed for secure parcel storage and retrieval.
Dual-access lockers for efficient parcel handling solutions.
Funding Insights of Hive Box
Hive Box has successfully raised a total of $1.08B across 3 strategic funding rounds. The most recent funding activity was a Series C round of $400 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $400.0M
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First Round
First Round
(06 Jan 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series C - Hive Box | Valuation | Trustbridge Partners | |
| Jan, 2018 | Amount | Series B - Hive Box | Valuation |
investors |
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| Jan, 2017 | Amount | Series A - Hive Box | Valuation | CDH |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hive Box
Hive Box has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Trustbridge Partners, Asia Forge and HongShan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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early & growth stage tech and life sciences focused VC firm investing primarily in China and the US
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Tech focused VC investment company funding companies in China
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hive Box
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hive Box
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hive Box Comparisons
Competitors of Hive Box
Hive Box operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FLEXIPASS, Shenzhen Maihard Industrial, Di Yi Box, Fuzhou Youbao Electronic Technology and Sposter, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers mobile, web, and wallet keys for keyless access in hospitality.
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| domain | founded_year | HQ Location |
Delivers comprehensive smart lock solutions for commercial and residential use.
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| domain | founded_year | HQ Location |
Intelligent lockers are operated for last-mile parcel deliveries.
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| domain | founded_year | HQ Location |
Electronic locker solutions for receiving packages
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hive Box
Frequently Asked Questions about Hive Box
When was Hive Box founded?
Hive Box was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Hive Box located?
Hive Box is headquartered in Hong Kong, China.
Who is the current CEO of Hive Box?
Yubin Xu is the current CEO of Hive Box. They have also founded this company.
Is Hive Box a funded company?
Hive Box is a funded company, having raised a total of $1.08B across 3 funding rounds to date. The company's 1st funding round was a Series A of $360M, raised on Jan 06, 2017.
What does Hive Box do?
Hive Box is established as a provider of smart locker solutions, focusing on last-mile delivery for various industries. The company is engaged in creating a 247 self-service ecological network by connecting smart devices with people and businesses. Solutions are offered for logistics, new retail, and advertising sectors through hardware like Smart Parcel Lockers and software such as Hive Box Flexi (SaaS). Partnerships are maintained with carriers, national post offices, and e-commerce entities in China and overseas.
Who are the top competitors of Hive Box?
Hive Box's top competitors include Fuzhou Youbao Electronic Technology, Chengdu Micun Technology and Di Yi Box.
What products or services does Hive Box offer?
Hive Box offers Hive Box Flexi, Smart Parcel Locker, and Twin Face Locker.
Who are Hive Box's investors?
Hive Box has 9 investors. Key investors include Trustbridge Partners, Asia Forge, HongShan, Redview Capital, and All-Stars Investment.