Cubyn, the market leader in the thriving e-commerce fulfillment sector, raises a €35 million Series C to double its team to 170 employees by the end of 2021 and expand its services internationally, starting with Spain and Portugal in April 2021 and followed by Italy, UK and Germany. Cubyn will also open a 25,000 sqm automated facility in the Paris area to increase its automation capabilities and continue to drive costs and delivery times down.
“Cubyn is disrupting the traditional e-commerce third party logistics market from the ground up, offering a better, faster and cross-border service at a 30% lower price. We are also providing merchants with not just additional revenue streams, but with our international roll-out, we are now opening up new markets for them, outperforming other options available in terms of cost and delivery speed by far.” (Cubyn Co-Founder and CEO Adrien Fernandez-Baca)
The round was led by Eurazeo/ Idinvest and Bpifrance, with participation from existing investors DN Capital, 360 Capital, BNPP, First Bridge venture, and Fuse Venture Partners. DN led the Series A round in Q2 2017 and we are thrilled to continue supporting the Cubyn team in the future – especially with their ambitious international expansion plans.