Seneca Partners completes investment into delivery software firm HubBox
Providing local retail pick-up solutions
Seneca Partners (“Seneca”), the specialist SME investment business based in the North West, is delighted to announce it has backed HubBox – the retail technology company providing local pick-up solutions for retailers and shoppers – with investment from the Seneca EIS Portfolio Fund and the Seneca Growth Capital VCT.
UK-based HubBox provides software for retailers to easily offer local pickup options at checkout for customers who want alternatives to home delivery. This plug-and-play solution helps solve the issue of missed or lost deliveries and the ‘last-mile’ problem for delivery providers – improving the experience across the supply chain for customers and retailers alike.
This software has been created in conjunction with the largest global delivery network providers – including UPS and DPD – and is compatible across most major e-commerce platforms including Shopify, Magento and Salesforce.
HubBox offers thousands of global delivery locations for customers and works with global brands such as Macy’s, GAP, UGG, Hobbs, Charlotte Tilbury, and Belstaff. Having established a strong presence in the UK, Seneca’s investment and support will contribute toward HubBox’s efforts to scale the company throughout Europe and the US.
Victoria Edwards, Investment Manager at Seneca Partners commented: “We have been very impressed by the progress that HubBox has made to date and the global scale up potential of the product. Sam Jarvis, CEO, and the team have worked closely with the major global delivery networks to provide this software solution to the market, something that we believe has the potential to address the growing problem of increasing last mile cost and inefficiencies. Whilst the product itself is far from simple, we were attracted to the very clear use cases, the lack of true competition and the enormous underserved end market.”
Sam Jarvis, HubBox founder and CEO added: “We were looking for a partner who could bring both expertise and capital to support us as we scaled. Right from the outset, Seneca showed an astute understanding of the economic opportunity and how HubBox drives value across the supply chain. We’re delighted to welcome Seneca and draw on their support as we scale throughout Europe and the US.”
Seneca was supported by James Down at Hill Dickinson on legal matters.
HubBox was advised by Yellowstone Advisory and FieldFisher.