On-demand logistics startup Cubyn announces today a €12 million round led by DN Capital with participations of Partech Ventures and 360 Capital Partners, BNP Paribas Developpement and a new contribution from BPI France. Cubyn also announces the launch of Cubyn Fulfillment, in partnership with leading refurbishment e-commerce platform Backmarket.
Cubyn entered the complex logistics industry in 2015 with an initial solution focusing on e-merchants willing to outsource their logistics while keeping their inventory. In four years and over 2 million shipments later, the company has built the best proprietary technology to streamline the logistics process for merchants, and to operate a fully integrated fulfillment solution at a fraction of the industry standard cost.
“Cubyn Fulfillment disrupts the old e-commerce third party logistics market from the ground up with a better, faster and fully integrated service at a 30% lower price point. We are giving merchants a way to outperform their competition in terms of cost, delivery quality and speed ” says CEO & co-founder Adrien Fernandez Baca.
Cubyn’s new fulfillment offer enables merchants to integrate their e-commerce inventory in 1-click and to start scaling their sales without worrying about logistics, all while monitoring the process from one simple interface. When an online order is placed, it is automatically exported and processed from a Cubyn warehouse. Parcels are then injected directly into the best carrier’s network to cut transit time and improve delivery quality. Cubyn leverages shipping data
from millions of parcels to improve the customer satisfaction for merchants and marketplaces alike.
“As early investors in companies such as Auto1 and Purplebricks, we have extensive experience supporting and advising companies that combine technological and operational excellence to drive the price down for all parties involved, whilst providing a higher quality service. This is exactly what Cubyn is doing and we believe Adrien and his team are uniquely positioned to replicate this formula in the logistic space, ” said Thomas Rubens, Partner at DN Capital.
With a total of 20M€ in funding, Cubyn is the uncontested market leader in the booming European e-commerce logistics sector. It currently employs 60 people, and will hire 50 more before the end of the year. The company is currently powered by a team of over 300 packers and couriers. Since inception, Cubyn has processed over 2 million shipments, and in the first half of 2019, it has already processed more shipments than in the entire past year.
To oversee the successful rollout of Cubyn Fulfillment, the company also announces today three recent strategic hires: a VP of Operations, Grégoire Hirtz, former Head of Amazon Prime for France; a Head of Operational Excellence, Raphaël Renault, former Head of France Cross-border Transportation at Amazon; and a Warehouse Manager, Marie Chaussade, former Operation Manager at Amazon Logistics.
Cubyn received €6 million in 2017 in a Series A funding led by DN Capital and with contributions from BNP Paribas Developpement , 360 Capital Partners, Partech Ventures and €1 million in 2015 fromwith Partech Ventures, 360 Capital Partners and Business angels Olivier Mathiot (Price Minister), Thierry Petit (ShowRoomPrive) in February 2016.