Huboo
Financials
Estimates*
USD | 2020 | 2021 |
---|---|---|
Revenues | 5.6m | 18.2m |
% growth | - | 227 % |
EBITDA | (4.6m) | (17.3m) |
% EBITDA margin | (83 %) | (95 %) |
Profit | (4.7m) | (17.7m) |
% profit margin | (84 %) | (97 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | £1.0m | Seed | |
* | N/A | £2.1m | Seed |
N/A | Seed | ||
* | £14.0m | Series A | |
£60.0m | Series B | ||
* | £29.0m Valuation: £300m | Late VC | |
* | N/A | Debt | |
Total Funding | €127m |
Recent News about Huboo
EditHuboo is a leading provider of order fulfilment services for eCommerce businesses. Operating primarily in the eCommerce sector, Huboo serves a diverse range of clients from small startups to large enterprises. The company utilizes a unique micro warehouse hub model, which allows it to offer fulfilment services at up to half the price of traditional models. Each client is assigned a dedicated warehouse hub manager, ensuring personalized service and support. Huboo's business model revolves around storing, picking, packing, and shipping products on behalf of its clients, enabling them to focus on growth and customer engagement. Revenue is generated through a combination of storage fees, fulfilment charges, and additional services such as returns management and protection schemes. Huboo's market includes online retailers looking for efficient, cost-effective fulfilment solutions. The company has also formed strategic partnerships, such as with Bath Rugby and Bristol Sport, to enhance brand visibility and community engagement.
Keywords: eCommerce, order fulfilment, micro warehouse, dedicated manager, cost-effective, storage, picking, packing, shipping, returns management.