HubBox, a London-based company specializing in out-of-home (OOH) delivery software for e-commerce, announced it has secured £6M in funding. The funds, led by Puma Growth Partners, are aimed at enhancing the company’s technology and expanding its reach. HubBox is known for offering pickup-point delivery options that solve common issues related to failed home deliveries. With a foundation set in 2015, the company plans to leverage this investment to deepen collaborations with couriers and engage new retailer partners. This development marks a significant step in the evolving landscape of e-commerce logistics.
In recent announcements, HubBox has been accentuating its partnership approach to overcome logistical barriers. A few years back, HubBox had a smaller outreach, with limited partnerships in the UK. However, the current funding allows the company to expand its software integration, already linked with over 1,000 retail systems. The move is geared towards greater international presence, notably in Europe and the US. Historically, HubBox has aligned itself closely with leading couriers to facilitate a streamlined transition to OOH deliveries. This pattern seems consistent with their present strategies.
Why are pickup points essential?
HubBox’s solution addresses common delivery pitfalls, particularly failed home deliveries and the need for flexible delivery options. By offering local pickup points, both retailers and couriers benefit from aggregated parcel volumes, making it a more efficient process. This solution, integrated into numerous retail systems, offers shoppers the convenience of choosing a pickup location that best fits their schedule.
How will the funds be used?
The fresh investment enables HubBox to accelerate its operations in key markets like the UK, Europe, and the US. The company aims to enhance its offerings and partner integrations further. CEO Sam Jarvis emphasizes the importance of this, noting,
“Offering pickup at checkout is key to accelerating the shift to out-of-home delivery.”
Such efforts are crucial as OOH delivery continues to gain momentum, potentially surpassing home deliveries in the future.
HubBox’s business model thrives on its collaborations with major courier networks such as UPS, DPD, Royal Mail, Asendia, PostNord, and DHL. The company’s Funded License Program serves as a compelling proposition, offering couriers the ability to cover initial software access costs for retailers, thereby encouraging widespread adoption. This strategy proves pivotal in establishing a strong foothold in the competitive OOH sector.
The company’s commitment to enhancing both product and personnel investment reflects its optimism about the rapidly evolving e-commerce logistics. Jarvis reiterates the excitement of partnering with Puma, stating,
“With OOH on track to overtake home delivery, the opportunity is huge – and we’re just getting started.”
Such confidence highlights the importance of the new funding as HubBox continues on its expansion path.
Over the years, HubBox has evolved from a small-scale operation to a significant player in the tech logistics sector. Its growth is fueled by innovation and strategic partnerships that address persistent e-commerce challenges. The new funding aims to build on this trajectory, driving further growth and adoption among retailers and couriers alike, signaling an anticipated shift toward more efficient delivery models.
