HUBX
A marketplace platform democratizing and disrupting the trillion dollar secondary distribution industry.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | - | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 9 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
HUBX operates as a B2B marketplace platform focused on the secondary distribution industry for consumer electronics. The company was founded by serial entrepreneur Derek Wall, who also serves as CEO. Wall's background includes founding Ezekiel Clothing at age 19, co-founding one of the first online computer retailers, TechStore, in 1996, and later serving as founder and CEO of BuyNow, a subsidiary of Buy.com that was sold to Rakuten. He reportedly bootstrapped HUBX without outside capital, launching in May 2018 and achieving profitability within months. In its first year of operation, the company generated $216 million in revenue.
The platform is designed to address fragmentation in the secondary distribution channel, where manufacturers traditionally lacked a formal way to sell excess, end-of-life, and factory-refurbished inventory. HUBX provides a technology infrastructure that allows manufacturers, brands, and distributors to anonymously sell these products directly to a global network of B2B buyers in over 100 countries. This model aims to increase margins and profits for sellers by giving them direct market access. The platform has attracted major brands such as Dell, Lenovo, and Samsung, as well as distributors like Ingram Micro and Synnex. For buyers, HUBX offers a large collection of products, including laptops, mobile phones, and tablets, at or below wholesale prices. The inventory is required to be new, factory-sealed, or factory-refurbished with an end-user warranty.
HUBX's business model is based on cost-per-acquisition (CPA), meaning it is free for vendors to list products on the platform. The company manages the entire supply chain process, from procurement and taking title of the goods to distribution and logistics. Vendors ship their products to a HUBX distribution center, and HUBX handles the rest of the fulfillment process. Initially focused on computer products, the company has since expanded its offerings and has stated intentions to enter new markets, including the mobile phone industry. To support its logistics and inventory management, the company utilizes SAP Business One, which provides real-time synchronization of inventory across its warehouses.
Keywords: B2B marketplace, secondary distribution, consumer electronics, inventory management, e-commerce platform, supply chain logistics, wholesale, refurbished electronics, anonymous selling, global trade