Maersk Growth and Hearst Ventures returned for a follow up investment in the logistics provider, increasing its total funding to over $100m.

Huboo, a UK-based e-commerce logistics service, secured £60m ($82m) yesterday in a series B round backed by shipping group AP Moller-Maersk and media group Hearst.

Mubadala Capital led the round and was joined by Ada Ventures, Stride.VC and Episode 1 as well as corporate venturing units Maersk Growth and Hearst Ventures. The round brings the company’s total funding to nearly £80m ($104m), it said.

Founded in 2017, Huboo provides fulfilment and logistics services for e-commerce companies and will use the…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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