Our investment in HubBox
This post originally appeared on our blog, find it and other updates here.
Force Over Mass has invested in HubBox, a logistics platform that allows retailers of all sizes to offer click-and-collect to their customers.
Growth in the number of people shopping online is putting pressure on retailer supply chains. Individual deliveries to homes are far slower and more expensive for logistics companies to complete than bulk deliveries to centralized locations. One way to alleviate the pressure is through click-and-collect, which allows couriers to deliver in bulk to locations close to customers. Not only does this provide a cheaper and more efficient service for retailers, it also offers greater flexibility for customers that cannot be at home to accept deliveries.
HubBox allows retailers of any size to offer click and collect, using HubBox’s software and collection network. The average cost of delivery is 40% cheaper than home deliveries and HubBox charges a percentage of the savings generated, making it cost-negative for new clients.
Hubbox currently generates strong annual recurring revenues (ARR), and is reaching an inflection point in growth on the back of a new partnership with UPS in the US. Through this partnership, Hubbox will offer any online retailers access to the largest click-and-collect network in the country. With 24,000 collection points, Hubbox becomes almost three times larger than its nearest competitor.
HubBox is run by CEO Sam Jarvis and CTO Jon Pawley and has attracted a high-calibre team. Chairman Rob Fraser was previously CIO at Boots and Sainsburys, while Greg Brown and Dan O’Connor, who lead the US team, both held senior positions at UPS.
Learn more about HubBox here.