Maersk Growth investment boosts Huboo’s growth plans

By Chris Dawson April 6, 2020 - 10:00 am

Maersk Growth investment recently announced an investment in Huboo, the UK-based multi-channel fulfillment service for ecommerce businesses of all sizes.

Huboo’s software platform provides professional, flexible and affordable fulfillment services that enable ecommerce businesses of any scale to deliver products to customers. The solution is particularly relevant for the UK’s 5.9 million SMEs for which ecommerce fulfillment can be a time-consuming and expensive gridlock on growth

Huboo currently operates in the UK, with plans expand into Europe and the U.S. where the total market opportunity is an estimated £27 billion. Huboo achieved more than 100 percent quarterly growth at the end of last year. With Maersk Growth’s support, Huboo will continue to develop its scalable software-enabled operating model and expand the suite of fast and affordable fulfillment services available to customers.

Maersk Growth makes minority growth equity investments to support ambitious, innovative and fast-growth early-stage businesses. They also recently invested in ZigZag Global’s returns solution.

“Technology has armed retail businesses with an array of enterprise-grade opportunities right up to the point of picking, packing and shipping products to their buyers, quickly, reliably and cost-effectively. In the UK alone, e-commerce fulfillment is a £4billion market that our technology and service offering is custom engineered to fit, with future opportunities on a global scale. Our relationship with Maersk Growth brings strategic insight, capital and a fresh perspective to the table. We are strongly-positioned to scale our technology and unlock new opportunities further afield.”
– Martin Bysh, CEO, Huboo

“Fulfillment is a surprisingly complex and time-consuming aspect of e-commerce, particularly for smaller and mid-size companies that are the meaningful engines of global economic growth. Huboo offers a breakthrough to this underserved market, using advanced automation software to provide an effective and scalable solution. There’s clear alignment with Maersk Growth’s focus on driving innovation in the transport and logistics value chain and we are incredibly excited to be part of Huboo’s onward success.”
– Oliver Finch, Investor, Maersk Growth

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