May 27, 2021

Top 10 VC funding rounds in China in the first quarter 2021

Kate Birch
8 min
Hive Box Technology – US$400m

Company: Hive Box Technology 
Type: Logistics
Financing: US$400m

The deal Shenzhen-based Hive Box raised US4400m in January in Series C funding with backers including All-Stars Investment, Asia Forge (Cayman), Redview Capital, Sequoia Capital China and Trubridge Partners, bringing its raised capital total to US$1.1bn in total equity funding.

The company Founded in 2015, smart locker company Hive Box is a self-service platform for express delivery companies and e-commerce logistics and operates a network of self-service package drop-off and pick-up stations in residential areas across China, so customers can store and pick up their packages anytime.  

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