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Cubyn raises €35 million to become the European leader in e-commerce logistics

Cubyn raises €35 million to become the European leader in e-commerce logistics

This 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. 

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