French-founded on-demand logistics startup Cubyn has landed €12 million in a funding round led by DN Capital with participation from Partech Ventures, 360 Capital Partners, BNP Paribas Developpement, and BPI France.
Founded in 2015, Cubyn has developed a third-party logistics and fulfilment system that supposedly costs 30 percent less than the average industry rates. Dubbed Cubyn Fulfillment, it “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,” the startup said in a statement.
The company says it has taken care of 2 million shipments and raised a total of €20 million since it was founded. Cubyn currently employs 60 people and plans to hire 50 more by the year's end.