Cubyn, a Paris, France-based fulfilment startup, raised €35m in funding.
The round was led by Idinvest/Eurazeo and Bpifrance, with participation from Fuse Venture Partners, and existing investors DN Capital, 360 Capital, BNP Devéloppement and First Bridge Ventures.
The company intends to use the funds to double its team of 85 to 170+ employees by the end of 2021, and deploy its service internationally, starting with Spain and Portugal in April 2021, followed by Italy, the UK and Germany, and will also open a 25,000 sqm automated facility in the Paris area, to increase its automation capabilities.
Founded in 2014 by Adrien Fernandez-Baca and Mathieu Lemaire. Cubyn is an on-demand logistics and fulfilment platform which leverages technology to allow merchants to reduce their logistics cost and improve their customer experience. Merchants can integrate their e-commerce inventory in 1-click and start scaling their sales without worrying about logistics, all while monitoring the process from one SaaS solution. When an online order is placed, it is automatically exported and processed from a Cubyn warehouse. Thanks to CarrierPredict, an in-house algorithm developed to determine the most efficient carrier for each package, parcels are inserted into the most efficient carrier network. Cubyn leverages shipping data from millions of parcels to improve the customer satisfaction for merchants and marketplaces alike.