Cubyn raises €12M Series B to let e-merchants outsource fulfilment
Curated by: Startups
Cubyn, the Paris-based logistics startup that lets e-merchants outsource fulfilment and delivery logistics, has raised €12 million in new funding. The round is led by DN Capital, with participation from Partech Ventures, 360 Capital Partners, BNP Paribas Developpement, and the French investment bank BPI France.
The injection of capital is timed with the launch of “Cubyn Fulfillment,” as the company moves beyond pickup and delivery only. The new service is described as a fully-integrated “first mile” solution that covers the entire fulfilment process including keeping stock in Cubyn’s warehouses. It claims to be offered at a 30% lower price point than competitors.
“We want to make affordable world-class logistics accessible to every single e-merchant, whatever their size,” Cubyn co-founder and CEO Adrien Fernandez Baca tells TechCrunch. “Our typical customer is an e-merchant who sells across sales channels (marketplaces their own website). Size can go from 500 to 50,000 orders shipped per month”.
Launched in 2015, Cubyn says that in four years it has made over 2 million shipments. It also reckons that because its tech is “built from the ground up,” the startup is well positioned to tackle fulfilment more efficiently than legacy players.
“Most direct competitors are the