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Can’t stop Cubyn: €12M and a new fulfillment feature!
July 3, 2019
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Cubyn, the on-demand logistics startup, announced today that they have closed a €12 Million round led by DN Capital, joined by us, 360 Capital Partners, BNP Paribas Developpement and a new investor BPI France.
Ever since Cubyn entered the logistics industry in 2015, we were impressed by their initial solution that focussed on e-merchants willing to outsource their logistics while keeping their inventory. Our enthusiasm was rewarded as just four years later, Cubyn have now processed over 2 million shipments. But it doesn’t stop there, they have built the best proprietary technology for streamlining logistical merchant processes at a fraction of the standard industry price.
As our General Partner Romain Lavault puts it, “Cubyn gives Amazon-like logistics to every retailer and helps scale marketplaces without having to invest themselves in a proprietary infrastructure”.
Their new fulfillment feature, launched in partnership with leading refurbishment e-commerce platform Backmarket, allows merchants to integrate their inventory in 1-click, allowing them to scale without logistics holding them back. From the moment an order is placed, it’s automatically exported, processed and seamlessly injected into the best carrier network. Cubyn’s use of logistical data means that they can offer the best experience for both merchants and marketplaces with better transit times and a higher delivery quality.
Cubyn has grown to be the uncontested leader in Europe's booming e-commerce logistics sector. With the new funds, the team is looking to grow and solidify their position. They’ve already made three massive senior hirings from Amazon as they set about executing their product rollout, bringing onboard a VP of Operations, Grégoire Hirtz, a Head of Operational Excellence, Raphaël Renault, and a Warehouse Manager, Marie Chaussade.
Partech has been alongside Cubyn since the start and we can’t wait to see what’s over the horizon for them.