DN Capital leads $7m funding round for Cubyn
DN Capital, BNP Paribas Developpement and previous investors Partech and 360 Capital Partners have invested in the $7m series-A funding round for French logistic startup Cubyn.
The investment will be used to bolster the management team, strengthen the company’s position in France, and launch operations in other European cities; the business plans to move into the UK market by opening an office in the near future.
The company expects to to grow threefold in 2017, having doubled its customer base in the past six months.
Previous funding
Partech Ventures and 360 Capital Partners invested €1.1m in Cubyn as part of a seed funding round in February 2016.
Company
Founded in 2014, Paris-headquartered Cubyn operates an on-demand logistics service to online businesses, receiving, shipping and sending customers’ packages to any destination globally. The company works with e-retailers, online marketplaces and large corporates.
People
Cubyn - Adrien Fernandez-Baca (CEO).
DN Capital - Thomas Rubens (partner).
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