What do we know about Huboo? During the pandemic, consumers have switched to home delivery and “digitised” their lifestyles, leading to an increase in e-commerce sales and thus the need for storage and shipping. Yet, of course, most e-commerce businesses are outsourcing this function. Amazon’s “Fulfilled By Amazon” (FBA) service has exploded on its platform. However, if you’re selling on eBay or Shopify, it’s an expensive option, so alternatives are needed. Bristol-based Huboo provides logistics and infrastructure services for e-commerce platforms. Huboo also received £ 29 million investment. HSBC, Blackrock, Maersk Growth and Ada Ventures participated in the investment round.
E-Commerce Platforms Can Speed Up Shipping Processes Using Huboo
Over the last 12 months, our team has worked incredibly hard to maintain our growth trajectory despite the weak macro outlook in e-commerce, introduce new services such as the introduction of automation for enterprise customers, enhance our customers’ experience and continue our mission to revolutionise e-commerce.Martin Bysh, CEO and co-founder
The startup also has separate service packages for large companies, SMEs and startups. E-commerce platforms can speed up cargo operations using Huboo. They can also manage the entire logistics process on a single panel. The startup was founded in 2017. Among the users of the startup are world giant names such as eBay and Amazon.
I’ve never seen an investment opportunity with the scale potential of Huboo in my VC career. Ada Ventures invested in Huboo in the first round and every round since because we saw the opportunity to combine cutting-edge technology with operational know-how in an industry that has yet to digitise. The positives here are truly limitless and the team has more than justified all our faith since the initial investment.Matt Penneycard, partner at Ada Ventures