Allen Lau’s Two Small Fish Ventures Invests in Hubba
Toronto’s Hubba has received an investment from Two Small Fish Ventures.
The value of the transaction was not disclosed.
Two Small Fish Ventures was founded by Allen and Eva Lau. Allen is the founder of Wattpad, an online community for discovering and sharing stories.
“We totally get the value of Hubba, the fastest growing network dedicated to sharing and updating product information among brands, distributors and retailers,” says Eva.
“As online shopping becomes part of our daily lives, everyone must have done some product comparisons when buying a camera on Best Buy, or checking out the dimensions of a piece of furniture on IKEA’s website. Unfortunately, inefficient and inaccurate information flow within the complex supply chain not only impedes enterprises in conducting businesses, but also affects consumers in making purchase decisions.”
The investment places the Lau couple alongside Mark Skapinker of Brightspark Ventures, which led Hubba’s seed round. Allen and Eva were both Brightspark alumnus and started their careers at Delrina, a firm Mark cofounded.
