2024 Revenue
$1M
Funding
$7.3M
YOY
59%
Team
8
Founded
2015
How HUBX CEO Derek Wall grew to $1M revenue with a 8 person team in 2024.
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HUBX Revenue
In 2024, HUBX's revenue reached $1M. The company previously reported $641.5K in 2023. Since its launch in 2015, HUBX has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | HUBX Hit $1m revenue in October 2024 | |
| 2023 | HUBX Hit $641.5k revenue in October 2023 | |
| 2021 | HUBX Hit $1.6m revenue in February 2021 | |
| 2015 | Launched with $0 revenue |
HUBX Valuation, Funding Rounds
HUBX has not publicly disclosed its valuation. The company has raised $7.3M in total funding to date.
HUBX has raised $7.3M in total funding across 2 rounds, most recently a $1.5M Series A round in 2021.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2021 | Series A | $1.5M | - | - | |
| 2021 | Series A | $5.8M | - | - |
Founder / CEO
Derek Wall
Founder and CEO at HUBX. Derek Wall serves as Founder, CEO of HUBX, a marketplace platform democratizing and disrupting the trillion dollar secondary distribution industry by empowering manufacturers, brands and distributors to sell anonymously direct to worldwide B2B customers. Born and raised in Silicon Valley into a family of startup entrepreneurs, Derek has always had an entrepreneurial spirit and a keen eye for business. Despite battling dyslexia and dropping out of high school his senior year, Derek helped launch Ezekiel Clothing, out of his house at age 19, and nearly 30 years later Ezekiel is a top surf and skate brand sold at top-tier retailers around the world. Derek continued to excel in manufacturing as he went on to co-found a snowboard distribution and manufacturing company at age 23, which was acquired by a public company two years later. In 1996 and at the age 26, Derek co-founded TechStore one of the first online computer retailers. In 1999 Derek co-founded eMarketplace a publicly held Silicon Valley internet software incubator, which acquired TechStore giving a combined value of $189M. He continued to prove his business prowess when he founded BuyNow – a subsidiary of Buy.com – which was later acquired by one of the top three internet companies in the world, Rakuten, for $250 million in 2010. Up until 2014, Derek was also Founder and CEO of VAULT, a Rakuten-company and the first online event-based fashion marketplace. In 2017, Derek sought to disrupt traditional distribution and enrolled at HBX Harvard Business School with professor Clayton Christensen on disruptive innovation, which lead Derek to write his final thesis of what HUBX is today. Since launching, HUBX has exceeded all expectations - crushing $200M within its first year, and has amassed customers in 101 countries. Outside of his personal ventures, Derek is passionate about mentoring start-up founders and advising startups.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for HUBX yet.
HUBX Employees & Team Size
HUBX employs approximately 8 people as of 2026.
| Year | Milestone |
|---|---|
| 2024 | Reached 8 employees (October 2024) |
| 2023 | Reached 8 employees (October 2023) |
| 2022 | Reached 10 employees (October 2022) |
| 2021 | Reached 24 employees (December 2021) |
| 2021 | Reached 24 employees (October 2021) |
| 2021 | Reached 18 employees (February 2021) |
Frequently Asked Questions about HUBX
What is HUBX's revenue?
HUBX generates $1M in revenue.
Who founded HUBX?
HUBX was founded by Derek Wall.
Who is the CEO of HUBX?
The CEO of HUBX is Derek Wall.
How much funding does HUBX have?
HUBX raised $7.3M.
How many employees does HUBX have?
HUBX has 8 employees.
Where is HUBX headquarters?
HUBX is headquartered in London, England, United Kingdom.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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