Cubyn, who is also a loyal client of the organization we partnered with, has raised another €35M in funding. This Paris-based logistics company lets e-merchants outsource fulfillment and delivery services.
Cubyn describes its proprietary technology as “ranging from web apps to advanced optimization through algorithm and warehouse robotics.” As a result, it claims to be able to run a fully integrated fulfillment solution for a fraction of the industry-standard cost.
Eurazeo and Bpifrance Large Venture led the round, with participation from First Bridge Ventures and Fuse Venture Partners. Existing investors DN Capital, 360 Capital, the Bpifrance Smart Cities fund, and BNP Paribas Développement also contributed.
Cubyn plans to use the new funding to more than double its team of 85 employees to more than 170 by the end of 2021, as well as expand its service internationally. Spain and Portugal will be the first to launch, followed by Italy, the United Kingdom, and Germany.
Initially offering only pickup and delivery, Cubyn launched “Cubyn Fulfilment” 18 months ago, shortly after raising €12 million in Series B funding, allowing it to enter the fulfillment market as well.