{"id":273,"date":"2017-07-20T10:40:23","date_gmt":"2017-07-20T10:40:23","guid":{"rendered":"https:\/\/www.dncapital.com\/blog\/?p=273"},"modified":"2018-06-08T10:46:35","modified_gmt":"2018-06-08T10:46:35","slug":"1st-mile-logistics-pioneer-cubyn-raises-a-7m-series-a-round-led-by-dn-capital-to-expand-across-europe","status":"publish","type":"post","link":"https:\/\/www.dncapital.com\/blog\/1st-mile-logistics-pioneer-cubyn-raises-a-7m-series-a-round-led-by-dn-capital-to-expand-across-europe\/","title":{"rendered":"1st mile logistics pioneer Cubyn raises a $7M Series A round led by DN Capital to expand across Europe"},"content":{"rendered":"

\u2022 Cubyn doubled its user base in the last 6 months
\n\u2022 Company forecasts 3x year on year growth in 2017
\n\u2022 Team will launch a UK office in the near future<\/h3>\n

London\/Paris, Thursday July 20th 2017 <\/strong>–<\/h3>\n

On-demand logistics startup Cubyn announces today a $7 million Series A round led by DN Capital with a participation from BNP Paribas Development and follow-on funding from original backers Partech Ventures and 360 Capital Partners. The funds will be used to strengthen the company\u2019s leadership position in France, launch operations in new European cities, scale acquisition and consolidate the management team.<\/h3>\n

Cubyn is a pioneer in the fast-growing 1st mile logistics segment. In two years, the team has built a full-fledged tech-powered logistics platform. The company offers on-demand logistics to online businesses, picking up its customers\u2019 orders on-site, packaging them and shipping them to any destination globally. For \u20ac1.00 per parcel, Cubyn allows clients to save up to 50% on their shipping costs. Merchants can easily create tailored shipment requests on Cubyn\u2019s platform, e-commerce module or API, and schedule a pick up within a 2 hour window. Merchants can then track their order, from warehouse to wrapping, to shipping, to delivery.<\/h3>\n

\u201cThis new funding is a massive catalyst for Cubyn\u2019s growth\u201d said Adrien Fernandez-Baca, co-Founder and CEO at Cubyn. \u201cGiven the exponential growth of online sales, 1st mile logistics has become a major pain point, especially for e-merchants who struggle with the cost and difficulty in packing and dispatching items from space-constrained premises. DN Capital has a successful track record of driving logistics businesses to scale, and a strong footprint in the UK; they are the ideal partner to help us scale the business.\u201d<\/h3>\n

\u201cWe look forward to rolling out Cubyn\u2019s ambitious roadmap in the next 12 to 18 months with the advice, support and network from a first-class investor,\u201d said Mathieu Lemaire, co-Founder and CTO at Cubyn.<\/h3>\n

The company forecasts over 3x year-on-year growth for 2017. Since inception, Cubyn has processed over half a million shipments, and in the first half of 2017, it has already processed more shipments than in the entire past year.
\n\u201cAt DN Capital, we are very active in offline to online business models that ease the burden of manual offline processes, with investment in companies such as Purplebricks in the real estate sector and Auto1 in the used car sectors, both of which are now multi-billion dollar companies,\u201d said Thomas Rubens, Partner at DN Capital. \u201cCubyn has developed the best solution we have seen by far in the market for automating shipping logistics within the 1st mile. In the last 6 months, they have doubled their customer base and are now ideally positioned to become the market leader in this space. We look forward to supporting the team to achieve its ambitious goals.\u201d<\/h3>\n

Cubyn received \u20ac1.1 million in 2016 in a seed funding from 360 Capital Partners, Partech Ventures, Price Minister\u2019s Olivier Mathiot, and Showroomprive Founder and CEO Thierry Petit in February 2016. Earlier this year, Cubyn partnered with e-commerce giant Price-Minister, in a move to lay the foundation for its expansion to new markets.<\/h3>\n

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About Cubyn:<\/u>
\nCubyn is an on-demand logistics platform founded in 2014 by Adrien Fernandez-Baca and Mathieu Lemaire. Cubyn picks your orders, packs them with care and ships them all over the world for you. For more information visit www.cubyn.com.<\/h3>\n

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About DN Capital:<\/u>
\nDN Capital is a global early stage and growth capital investor focused on Seed, Series A and select series B investments in marketplaces, fintech, SaaS, digital media, e-commerce, mobile applications and software companies. The firm was founded in 2000 and has operations in London, Berlin and Silicon Valley. DN Capital\u2019s previous funds are top performers and the firm is one of the lead investors in companies such as Endeca (sold to Oracle), Shazam (one of the world\u2019s leading mobile app), Auto1 (world’s largest used car marketplaces), Purplebricks (IPO London) and Quandoo (sold to Recruit). The professionals at DN Capital bring over 75 years of private equity experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Additional information about the firm and its portfolio companies can be found at http:\/\/www.dncapital.com<\/h3>\n","protected":false},"excerpt":{"rendered":"

\u2022 Cubyn doubled its user base in the last 6 months \u2022 Company forecasts 3x year on year growth in 2017 \u2022 Team will launch a UK office in the near future London\/Paris, Thursday July 20th 2017 – On-demand logistics […]<\/p>\n","protected":false},"author":2,"featured_media":274,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfolio-news"],"_links":{"self":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/comments?post=273"}],"version-history":[{"count":1,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/273\/revisions"}],"predecessor-version":[{"id":275,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/273\/revisions\/275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media\/274"}],"wp:attachment":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media?parent=273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/categories?post=273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/tags?post=273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}