6 years ago

Huboo Secures £1M Seed Funding to Scale E-commerce Fulfillment Service

  • Huboo, a U.K

  • startup offering a multi-channel fulfillment service for e-commerce businesses, has raised £1 million in seed funding led by London venture capital firm Episode 1

  • Huboo aims to solve the fulfillment pain point that most online stores face by offering to store stock and automatically “pick, pack and deliver it” as customer orders are placed

  • The startup claims that most fulfillment providers are too expensive and uninterested in servicing smaller businesses, while Amazon's FBA is only viable for goods sold on Amazon

  • Huboo's revenue model is based on a small administrative subscription and optional services, such as packaging, with 80% of revenue coming from fulfillment fees.

      • ProblemTechnology

      "Fulfillment is expensive and inefficient for small and medium sized e-commerce businesses in the UK, leaving them stuck with the time-consuming and frustrating task of packing and shipping orders themselves."

      Solution

      "Huboo offers a flexible and affordable fulfillment service that allows e-commerce businesses of all sizes to outsource their order fulfillment, enabling them to focus on growing their businesses."

      Covered on