5 years ago

OnBuy Raises £5 Million to Fuel Global Expansion

  • OnBuy, a UK-based eCommerce business, has secured a £5 million Series A investment from Fuel Ventures and other experienced investors, including Nathalie Gaveau, the co-founder of Priceminister

  • The funding will be used to launch OnBuy globally this summer, with plans to expand into 140 new territories

  • OnBuy has seen record sales in the past year and has tripled its workforce to over 50 full-time staff

  • The company has amassed over eight million customers and more than 25 million products, with monthly visitors now trending at over four million.

      • ProblemTechnology

      "Online marketplaces are dominated by a few large players, making it difficult for smaller businesses to compete and for consumers to find the best deals."

      Solution

      "OnBuy provides a transparent platform for businesses to sell their products to buyers, offering competitive pricing and a wider selection of goods."

      Covered on