Cubyn raises €35 million to become the European leader in e-commerce logistics
his third financing round - from Eurazeo and Bpifrance Large Venture, with the participation of First Bridge Ventures, Fuse Venture Partners, DN Capital, 360 Capital, Bpifrance Smart Cities fund and BNP Paribas Development - will enable us to meet the logistics challenges of tomorrow.
Replicating in several European countries a model that has proved its worth in France
The year 2021 will be marked by the deployment of our services internationally, initially in Europe, by duplicating the processes put in place in our Parisian warehouse for our Fulfillment offer, which was launch 1.5 year ago.
This expansion will make it easier for our customers to enter new markets, thanks to the cost optimisation made possible by the technologies deployed in our warehouses and by the clear advantage given by having multiple warehouses in various European countries to reach their target.
« 60% of Cubyn's customer base is international. Their integration with the world's best marketplaces, as well as the breadth of their European network, undoubtedly makes Cubyn the best option for international merchants looking to expand into Europe. »
« François-Xavier Copé, founding partner of First Bridge.»
The first market aimed by Cubyn is Spain with the opening of a 10,000m2 warehouse, before tackling other markets such as Italy, Germany and the UK in the following months.
Further automation to further optimise processes
In France, this new step will result in the opening of a new 25,000m2 warehouse to help more e-merchants in their logistics management.
While the use of data and algorithms is already at the heart of our operations - 25% of our operations are currently automated - this new logistics centre will be an opportunity for us to go further in terms of automating our processes. The objective is to reach 85% of automation, in particular through the robotisation of certain warehouse tasks such as storage and picking.
The Covid-19 crisis and successive worldwide have proven the need for our model:
«The industry finally started to understand that to survive the health crisis and win in e-commerce, it needed agile, scalable, technological and neutral Fulfillment solutions. »
Adrien Fernandez Baca, CEO and co-founder of Cubyn
Discover Adrien's full testimony here. 🎙
This increased deployment of technology will result in an improvement in overall operational performance, with the aim of providing our customers with an even higher quality of service, at a price point still being on average 30% lower than the market.
Want to know more about our Fulfillment solution? Do not hesitate to contact our teams.
📢 They talk about us:
🇬🇧 TechCrunch : Fulfillment startup Cubyn raises €35M to expand across Europe
🇬🇧 360 Capital : 📦 360 Stories: Cubyn, building the next-gen logistics champion
🇪🇸 El Mercantil : La startup logística Cubyn inicia en abril sus operaciones en España
🇪🇸 Alimarket : Un nuevo operador logístico para e-commerce llega a España
🇪🇸 RH Press : La startup logística Cubyn creará 220 empleos en España
🇯🇵 TechCrunch Japan : 楽天も利用するECフルフィルメントの仏Cubynが欧州での事業拡大のために45.4億円を調達