They founded Arive: Max Reeker and Linus Fries (right)

Arive only started last year, at the height of the hype surrounding quick commerce services. Instead of groceries, the Munich company brings home high-quality products such as Macbooks, cosmetics, pearl earrings and vases.

Right from the start of their delivery service, the two young founders Linus Fries (23) and Maximilian Reeker (22) convinced well-known European VCs: the Berlin VCs 468 Capital and La Famiglia as well as the London early-stage fund Balderton Capital. Six million euros came together in a seed round in late summer, and now the previous shareholders, Burdaprincipal Investments, the investment company of the well-known media house, and the Rocket Internet fund Global Founders have added almost 18 million euros ($20 million).

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