Skubana, a NYC-based commerce operations platform with a built-in app store, closed a $5.4m Series A funding.
The latest round was led by Defy Partners and backed by Advancit Capital and FJ Labs. In conjunction with the funding, Brian Lee, an expert in building consumer and commerce brands, as a board member.
The company intends to use the funds to expand operations, to add portfolio products, to grow its app store ecosystem the platform’s functionality and reach.
Led by Chad Rubin, Co-founder and CEO, Skubana provides a SaaS operations platform that gives multi-channel, SKU-level reporting to brands to track their profitability with every single fee, including shipping fees. They can view, manage, and synchronize their entire inventory across all sales channels, warehouses, 3PLs, dropshippers, and FBA distribution centers. The solution integrates with commerce platforms, point of sale systems, and third-party warehouses. The brands who run their operations on Skubana are Bird Rides, Valvoline, and Death Wish Coffee, among others.