Cubyn launches a new offer to reduce e-merchants logistics costs by 30%
The company recruited three former Amazon managers to drive the new offer
Refurbished device marketplace Backmarket is already using Cubyn Fulfillment
Paris, Wednesday, July 3, 2019 – Cubyn, a start-up specialized in on-demand logistics, announces today a fund raising of 12 million euros from DN Capital, with the participation of Partech Ventures, 360 Capital Partners, BNP Paribas Developpement and a new contribution from BPI France. Cubyn also announces the launch of Cubyn Fulfillment, in partnership with the leading refurbished device e-commerce Backmarket.
Cubyn embraced the logistics industry in 2015, with a solution dedicated to e-merchants wanting to outsource their logistics while keeping control of their stock. In four years, and after more than two million shipments, the startup has built the best logistics platform dedicated to merchants and simplified the process of sending orders while reducing costs.
“Most direct competitors are the traditional third-party logistics players who missed the e-commerce revolution and lack technology intelligence. We are 30% cheaper, with simpler multi-channel integrations and higher delivery quality. Less direct competitors are the fulfillment offer of marketplaces. They do offer a good logistics experience at a good price, but only for orders going through their marketplace.” said Adrien Fernandez-Baca, co-founder and CEO of Cubyn
Cubyn’s new solution allows merchants to increase sales without worrying about logistics while maintaining control through a simple interface. When an order is placed online, it is automatically exported and processed from a Cubyn warehouse. The packages are then injected directly into the network of the best carrier to reduce transit times and improve the quality of deliveries. Cubyn processes data from millions of shipments to increase customer satisfaction for both merchants and marketplaces.
“As one of the first investors in companies such as Auto1 and Purplebricks, we have extensive experience in supporting and advising companies that combine technological and operational excellence to drive down prices for all parties involved, while providing better service. This is exactly what Cubyn does, and we believe that Adrien and his team are uniquely positioned to replicate this formula in the logistics field, “said Thomas Rubens, Partner at DN Capital.
With a total funding of €20 million, Cubyn is the undisputed market leader in the booming European e-commerce logistics sector. The company currently employs 60 people and will hire another 50 by the end of the year. The startup works today thanks to a team of more than 300 preparers and couriers. Since its creation, Cubyn has processed more than 2 million shipments and has already made more shipments in the first half of 2019 than the whole of the previous year.
The company also announced today three new hires in strategic positions to drive the deployment of Cubyn Fulfillment: Grégoire Hirtz, new VP operations and former head of Amazon Prime France; Raphaël Renault, new Operational Excellence manager, former head of cross-border transport at Amazon France; and a warehouse manager, Marie Chaussade, who was also managing operations for Amazon Logistics.
The company’s ambitions go well beyond the first mile problem. Cubyn wants to keep on disrupting the industry by operating part of the transportation to offer e-merchants an express delivery solution in urban area. “We are very proud to be part of the Cubyn adventure and to work alongside its founders and early investors. As a pioneer in first-mile logistics, Cubyn has all the assets to extend its technology to delivery solutions and enhance the last mile experience, “said Edouard Combette, Senior Investment Manager at BPI.
Cubyn received € 6 million in 2017 in a round of fund A in a series led by DN Capital with the participations of BNP Paribas Developpement, 360 Capital Partners and Partech Ventures, as well as one million euros in 2015 from Partech Ventures, 360 Capital Partners. They also received funding from Business Angels Olivier Mathiot (Price Minister) and Thierry Petit (ShowRoomPrive) in February 2016.