Hullabalook raises $8.2m in Series A funding round
Hullabalook, a B2B software company whose technology platform transforms the way retailers build ecommerce sites, has raised $8.2m led by Nauta Capital, and supported by existing investors Conviction VC and Passion Capital.
The company provides an ecommerce platform which makes it possible to create user journeys that are impossible with any other technology choice and can be quickly deployed by both startups and the largest enterprise retailers.
The London-based scale-up has delivered amazing growth over the last year, with revenues to the end of 2021 up 3X compared to a year earlier. Retailers using Hullabalook’s software regularly see double digit percentage increases in conversion rate and revenue which has enabled Hullabalook to win customers around the world as well as many leading UK Retailers and Brands such as MADE.com, B&Q, Sainsburys Group, Currys & Dunelm.
The capital investment will support Hullabalook’s continued growth in the UK and new markets in North America and Europe as retailers look to take advantage of the ongoing shift in consumer behaviour.
Bryony Elliot, Founder of Hullabalook, explains: “We are delighted to be partnering with Nauta Capital for this next exciting stage of our growth journey. When we started planning for our Series A, our ideal investor was a B2B SaaS specialist, with deep sector knowledge of Retail, a strong pan-European presence, and a team with whom we could build long-term relationships with. In Nauta Capital we have found the ideal partner to join us on our journey. We couldn’t be happier or more excited for the future.”
Hullabalook’s mission is to make retailer product catalogues easier to browse and purchase. Online shopping journeys look the same as they did a decade ago and traditional navigation processes coupled with ever expanding product catalogues make product discovery very difficult for consumers.
Hullabalook has created a new platform that empowers retailers to gain all of the benefits of headless commerce technologies without needing to replatform. The Hullabalook approach of combining a smart product data enrichment engine with a Storefront Progressive Web Application (PWA) Builder, creates shopping experiences which are unrivalled in their speed and fluidity and can be incrementally adopted.
Commenting on the investment, Carles Ferrer, Nauta Capital’s London based General Partner said: “We are very happy to be joining Hullabalook on their journey to transform the ecommerce user experience. As an experienced investor in retail enablement technologies, we are confident that this is a space which will continue to see enormous growth and we believe that the Hullabalook team and technology platform are ideally set to capitalise on this market dynamic.”