Paris-based fulfillment solution Cubyn raises €35 million to expand across Europe
Summary
Cubyn will use its new funding to double its team of 85 to 170+ employees by the end of 2021, and deploy its service internationally, starting with Spain and Portugal launching in April 2021 followed by Italy, UK and Germany. Cubyn (founded in 2015) made a major, strategic product launch into end-to-end ecommerce fulfilment in Q3 2019, a fast-growing and highly fragmented market estimated at €500 billion worldwide. 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,” said Cubyn’s co-founder and CEO Adrien Fernandez-Baca. We’re excited to work with Cubyn to scale their business across Europe in the next few months, unlocking access to their cutting edge fulfillment tech for more merchants,” said Antoine Izsak at Bpifrance Large Venture fund. Cubyn now has the best technology and processes to win the European Market and we are very excited to be part of this rollout phase,” said Louis Bô, Investment Director at Eurazeo.