Blackbird-backed startup Hivery falls into administration
Make us a preferred source
Make us a preferred source on Google
The news: Retail AI startup Hivery has entered into administration and appointed Christopher Johnson and Andrew McCabe from Wexted Advisors as its administrators.
The numbers: According to Australian Securities and Investments Commission documents, the administrators were appointed on 6 November and the first meeting of creditors will be held on 15 November.
The context: Founded in 2015, Hivery offers an artificial intelligence solution for space-aware assortment optimisation for retailers.
In 2022, the startup announced a USD30 million ($45.76 million) Series B investment round led by New York-based investment firm Tiger Global. Existing investors Blackbird Ventures, AS1 Partners and OneVentures also participated in the round.
The sources: ASIC notice, Startup Daily
