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HUBX operates a B2B marketplace platform designed to democratize and disrupt the global secondary distribution industry. The company provides a robust technological infrastructure that connects manufacturers, brands, and vendors, facilitating the efficient exchange of new and refurbished electronic goods such as mobile phones, laptops, and desktops. Its core offering streamlines wholesale transactions, providing access to extensive inventory at competitive prices within an organized, anonymous marketplace environment.
The company was founded by Derek Wall, who drew upon decades of experience in technology and business leadership to address inefficiencies in secondary distribution. Wall's vision was to create a streamlined, anonymous B2B platform that would empower businesses by simplifying the process of buying and selling surplus and refurbished inventory. This insight led to the development of a solution aimed at enhancing liquidity and accessibility across the industry.
HUBX serves a broad base of businesses, including manufacturers seeking to offload excess inventory, brands managing their product lifecycle, and vendors sourcing goods for resale. The company's overarching mission is to simplify B2B commerce, making it easier for businesses to conduct transactions globally. HUBX continues to expand its digital framework, aiming to redefine how secondary markets operate through advanced platform capabilities.
HUBX has raised $2.0M across 1 funding round.
Key people at HUBX.
HUBX was founded in 2017 by Cem Ortabaş (Co-Founder & CEO).
HUBX has raised $2.0M in total across 1 funding round.
HUBX has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Series A in October 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 26, 2025 | HrPanda | $500K Seed | HUBX | — |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2021 | $2M Series A | — | ACF Investors, AXA Strategic Ventures | Announced |
Key people at HUBX.
HUBX is a technology company building an anonymous B2B global marketplace platform for the secondary distribution of consumer electronics, including laptops, computers, mobile devices, gaming products, and audio products.[1][3][5] It enables manufacturers, brands, and distributors to sell excess, end-of-life, or refurbished inventory directly to qualified worldwide buyers at competitive prices below wholesale, addressing fragmentation in the secondary distribution industry.[1][3] Founded in 2017 and headquartered in Miami, Florida, HUBX serves the B2B ecommerce sector, with early revenue reaching tens of millions monthly and customers in 68 countries, demonstrating strong growth momentum.[1][3]
Note: Search results reveal two distinct entities sharing the "HubX" name—one a Miami-based B2B marketplace (primary focus here, matching ticker-like "HUBX" and user description), and another a Turkey-based AI mobile app developer.[2][4] This overview prioritizes the B2B platform based on query alignment and prevalence in results.[1][3][5]
HUBX was co-founded in November 2017 by serial entrepreneur Derek Wall while attending HBX (Harvard Business School's online program) and Vlad Galkin, with a full launch in January 2018.[1][3] The idea emerged to democratize and disrupt the traditional, fragmented secondary distribution industry, where manufacturers lacked efficient channels for offloading excess or refurbished inventory.[1][3] Early traction was rapid: within months, the platform amassed tens of millions in monthly revenue and expanded to customers across 68 countries, establishing it as a formal B2B channel with cutting-edge marketplace technology.[3]
HUBX rides the wave of B2B ecommerce growth, particularly in secondary markets for consumer electronics, where global supply chain disruptions and sustainability demands (e.g., refurbishing inventory) create opportunities for efficient digital platforms.[1] Timing aligns with post-pandemic ecommerce acceleration, enabling direct manufacturer-to-buyer connections amid rising wholesale costs and inventory overhangs.[3] Market forces like B2B digitization and demand for affordable refurbished tech favor HUBX, positioning it to influence the ecosystem by formalizing secondary distribution—reducing waste, lowering prices for buyers, and opening revenue streams for sellers in a $trillion+ electronics aftermarket.[1][3]
HUBX is poised to expand its global B2B footprint as secondary markets mature, potentially integrating AI for inventory matching or logistics to boost efficiency.[1][3] Trends like circular economy pushes, ecommerce localization, and electronics refurbishment growth will shape its path, with influence evolving from niche disruptor to standard channel for excess inventory.[5] As revenues scale and buyer networks deepen, HUBX could redefine B2B commerce accessibility, empowering manufacturers in an increasingly digital supply chain—tying back to its mission of frictionless global trade.[3][5]
HUBX was founded in 2017 by Cem Ortabaş (Co-Founder & CEO).
HUBX has raised $2.0M in total across 1 funding round.
HUBX's investors include ACF Investors, AXA Strategic Ventures.
