5 years ago

OnBuy Secures £5 Million Series A Funding to Fuel Global Expansion

  • OnBuy, a UK-based online marketplace, is on track to become a unicorn with a valuation of nearly £750M

  • The company has achieved over 600% year-to-date growth, driven by a £5M Series A funding round led by Fuel Ventures and participation from Nathalie Gaveau

  • OnBuy's aggressive global expansion plan aims to reach over 140 countries by the end of 2023

  • The company's success is attributed to its commitment to fairness, transparency, and ethical practices, benefiting both sellers and buyers.

      • ProblemTechnology

      "making online marketplaces more fair and transparent for both buyers and sellers, with a focus on ethical practices."

      Solution

      "OnBuy offers a platform where sellers can list their products without paying high fees, and buyers can find competitive prices and a wide selection of goods. They also focus on providing a transparent and ethical marketplace, with clear policies and procedures for both buyers and sellers."

      Covered on