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Pre-Seed

Hutch Logistics secures pre-seed funding led by Cornerstone Partners to scale operations

Hutch Logistics

Cornerstone Partners has led a pre-seed investment into Hutch Logistics alongside angel investor Andy Davis.

Hutch Logistics provides warehousing and fulfilment services for independent online retailers, using micro warehousing and proprietary technology to handle inventory management.

Hutch Logistics has secured pre-seed funding in a round led by Cornerstone Partners alongside angel investor Andy Davis. The capital will be directed towards accelerating the development of the company technology platform, increasing marketing efforts, and scaling general operations.

The East London business was established in April 2020 by logistics operator Sait Cham to help independent online brands outsource inventory management and fulfilment at scale. The fresh injection of capital aims to support the firm as it meets growing demand from direct to consumer retailers.


From the founder

"It’s a pleasure to be working with Cornerstone Partners, from our initial conversations with the team it was clear from the outset that they understood our vision for Hutch and the more we engaged with them it became increasingly apparent that they could add value and assist in growing the business in a myriad of ways. The funding and partnership will allow us to even better serve our customers and enable us to meet the explosion in demand from e-commerce brands wanting to scale their logistics operation in a more modern and cost-effective manner. In addition to Cornerstone Partners, we are delighted to have Andy Davis (Atomico Angel) participate in this round. We strongly believe they will both play an important role in helping us to achieve our mission of delivering tech enabled fulfilment services for ambitious direct to consumer brands."
Sait Cham

Sait Cham

CEO & Founder at Hutch Logistics


Investor perspective

"Cornerstone are delighted to be working with Sait and the rest of the team to support Hutch’s growth plans. Their innovative tech platform and micro warehousing concept is compelling and represents a unique opportunity to serve the rapidly developing independent eCommerce sector. We look forward to supporting the business over the coming years and working with Andy and the other angel investors who participated in this round."
RA

Rodney Appiah

Chairman, Cornerstone


Use of funds

  1. 01Continue product development
  2. 02Invest in sales and marketing
  3. 03Scale operations

Investors

Cornerstone

Rodney Appiah

Cornerstone

AD

Andy Davis


Categories

LogisticsTecheCommerce

About the company

Hutch Logistics

Hutch Logistics

Hutch Logistics offers outsourced warehousing and fulfilment services for independent online retailers.

London, UK Founded 2020 Website