Shopping delivery firm Home Run raises over £470k for new B2B platform

One-hour grocery shopping and delivery business Home Run is celebrating a successful six-figure crowdfund.

The London-based firm passed its £450,006 target on funding platform Seedrs, raising over £470,078 from 201 investors across 21 countries.

Home Run said the campaign will remain open for ‘a few more weeks’ to welcome further support.

The company has no warehouses, inventory or delivery vehicles of its own; instead, Home Run uses the physical stores of other retailers as its own ready-made fulfillment centres.

Home Run is already working with a number of supermarket chains, including Tesco, Marks & Spencer, Waitrose and Whole Foods.

Customers can choose their preferred store and place an order for delivery within as little as 60 minutes. They can also communicate with their personal shopper using the platform.

Funds raised on Seedrs will help accelerate development of Powered by Home Run, a new B2B white label proposition for European grocers that want to use Home Run’s suite of proprietary technology to launch or advance their own on-demand online grocery offering.

Takis Malavetas, co-founder and CEO of Home Run, said: “At Home Run, we have developed a platform that reflects our vision of how grocery shopping should be done in the 21st Century.

“With 50% of the UK’s customers wanting to do their grocery shopping online, we believe that this is a ripe opportunity for Home Run to tap into a huge potential market that is currently unfulfilled by the existing online grocery offering.”

Takis continued: “We are delighted by the response we’ve received to our first crowdfunding campaign and look forward to welcoming this new group of investors, and hopefully advocates and potential customers, on this journey with us.”

Home Run is backed by Jam Jar Investments.

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