Kai Nicol-Schwarz on LinkedIn: Mubadala-backed e-commerce fulfilment startup Huboo raises £45m
Summary
NEWS: Mubadala-backed e-commerce fulfilment startup Huboo raises \xa345m Huboo, which helps e-commerce brands manage warehousing and delivery logistics, has raised \xa344.7m, according to Companies House documents. The filings, published in October and relating to the issuing of new shares in July, come after the Bristol-based startups cofounder and CEO Martin Bysh stepped down in May. At the time, it was reported by multiple media outlets that Huboo had secured an undisclosed investment led by existing backer UAE sovereign wealth fund Mubadala and featuring other previous investors which also gave the Abu Dhabi investor board control. Its not clear whether that round is related to the startups recent Companies House filings. Huboo didnt respond to a request for comment by the time of publication.
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