Huboo secures £14m Series A funding led by Stride to scale UK and European operations.
The Series A round was led by Stride with participation from Hearst Ventures and existing backers.
£14.0MSeries A
Huboo operates software-driven warehouses using a micro hub model to provide end-to-end eCommerce fulfilment for online retailers across Europe and the US.
Huboo has secured £14m in Series A funding led by Stride, with participation from new investor Hearst Ventures and returning backers Maersk Growth, Episode 1, True Capital and Ada Ventures. The company will use the capital to accelerate software innovation and drive expansion across the UK and European markets. This latest injection brings the total capital raised by the firm to £18m.
From the founder
"Not only has the global pandemic provided the catalyst for a mass shift into multi-channel commerce over the next five years, but there is a real D2C revolution happening. Thousands of young D2C businesses are bypassing conventional retail channels to engage directly with consumers."
Martin Bysh
CEO at Huboo
Investor perspective
"You can only solve the issues facing independent online retailers and D2C specialists by building a full-stack, end-to-end, fully integrated commerce platform."
FD
Fred Destin
Partner, Stride Capital
Use of funds
- 01Continue product development
- 02Expand into international markets
