Huboo raised £60 million in a Series B round led by Mubadala Capital.

Huboo, a Bristol, UK-based SAAS fulfilment developer, raised a £60 million ($82M) in a Series B round.

The money was raised from investors led by Mubadala Capital and joined by existing investors including Stride, Ada Ventures, Hearst Ventures, Episode 1, and Maersk Growth.

Huboo, founded in 2017 by Martin Bysh  and Paul Dodd, aims to solve the fulfilment pain point that most online stores face as they developed a SAAS provided as an end-to-end fulfilment service for online retailers of all sizes.

The company’s software provides everything from transaction management and quality control, stock control, order tracking and billing information to integration with popular sales channels and marketplaces, such as Amazon, eBay and Shopify, enabling the company to directly receive and process retailers’ orders in real time.

Huboo operates from four fulfillment centres across the UK, and says it recently opened a site in the Netherlands, supporting more than 1000 customers, small and large e-commerce brands, with a number of issues including logistics, warehousing, inventory management, and shipping.

Huboo previously raised £14 million in 2020.