Cubyn, the Paris-based logistics startup that lets e-merchants outsource fulfillment and delivery logistics, has raised €12 million in new funding. The round is led by DN Capital, with participation from Partech Ventures, 360 Capital Partners, BNP Paribas Développement and the French investment bank BPI France.
The injection of capital is timed with the launch of “Cubyn Fulfillment,” as the company moves beyond pickup and delivery only. The new service is described as a fully integrated “first mile” solution that covers the entire fulfillment process, including keeping stock in Cubyn’s warehouses. It claims to be offered at a 30% lower price point than competitors.
