Cymbio, a Tel Aviv, Israel-based brand-to-retailer connectivity platform, raised $7m in Series A financing.
The round was led by Vertex Ventures, with participation of Yuval Tal (founder of Payoneer) and existing investors Udian Investments and Ron Zuckerman.
The company intends to use the funds to expand its global presence across R&D, sales and marketing.
Co-founded by CEO Roy Avidor, Mor Lavi and Gilad Zirkel, Cymbio provides a platform to brands, such as Steve Madden, Marchesa, Camper, Micro Kickboard, and hundreds of others, that connects them directly to their retail partners, enabling a “Plug & Sell” reality. The company’s technology automates all drop ship and marketplace operations for brands with any retailer, including the complete set-up, integrations, onboarding and daily management of streamlined product data, imagery, mapping, taxonomy, inventory syncing, orders, billing, tracking, returns, reports and more.
Cymbio currently supports more than 600 retailers, marketplaces and department stores across the US, Canada, Europe, and APAC.