Fuel is a venture capital firm that invests in ambitious entrepreneurs building market leading companies.
The online marketplace has raised £5m from Fuel Ventures and other investors to fund a rollout across 140 new territories.
"The injection of this additional funding not only allows us to substantially grow the operational side of the business, but it gives the OnBuy team backing from phenomenal investors who can bring an array of eCommerce experience and expertise to the table, bolstering an already strong globalisation strategy."
Fuel Ventures led the seed financing, which brings the company total funding to £3.1m.
"As the current pandemic has made clear, care is in crisis. At Lifted we are on a mission to fix it."
The seed round was led by Fuel Ventures with backing from Epiphany Capital and angel investors to support international expansion and product development.
"The demand for increasingly more realistic and content-rich productions, especially in games and film projects, has put a huge strain on resourcing. Vast armies of skilled talent are required to produce worlds of immersive content. Finding and retaining that talent has become a huge challenge."
The round was led by Fuel Ventures with backing from Biz Stone, Green Shores Capital, and U+I.
"It’s been a mammoth journey for us so far, and we’re so encouraged and motivated with the titans of tech backing us, much moreso than just funding alone, but in strategic advice and vision."
The funding round was led by Fuel Ventures and will support expansion into more than 20 countries.
"OnBuy is a unique platform for sellers – we are an ethical marketplace, we are transparent, and we are trustworthy."
