Cubyn, a Paris-based fulfillment and logistics provider for e-commerce marketplaces, has secured an undisclosed amount of venture debt capital from Harbert European Growth Capital.
The French startup claims its proprietary technology, deployed in warehouses, reduces logistics costs by a third. Algorithms determine the best carrier and time per shipment. In addition to fulfilling and shipping orders, Cubyn offers merchants a platform where they can monitor stock levels, invoices, and other processes.
In a press release, CEO Adrien Fernandez Baca commented: “Our fulfillment revenues have been multiplied 18 fold in the last six months. This new investment will help us continue our strong acceleration while staying focused on building our technology and products.”
Specifically the company will focus on expanding across France and also develop automation processes in existing warehouses. Just last summer, Cubyn raised a €12 million Series B round.