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So–called disruptors in the logistics space are continuing to gain investment as shippers look to improve supply chain efficiency: this week Cubyn and Wakeo were the latest to reap new funds.
On-demand logistics and fulfilment platform Cubyn announced today it had raised €12m from a variety of backers, including French bank BNP Paribas.
Chief executive and founder Adrien Fernandez Baca said the money would be used to launch the Cubyn Fulfilment platform, which integrates shippers’ e-commerce inventories. The launch is made in partnership with refurbishment e-commerce platform Backmarket.
“Fulfilment disrupts the old e-commerce third-party logistics market from the ground up, with a better, faster and fully integrated service at a 30% lower price point,” said Mr Baca. “We are giving merchants a way to outperform their competition in terms of cost, delivery quality and speed.”
Mr Baca said the system leveraged shipping data from millions of parcels to improve quality.
And software-as-a-service provider Wakeo this week announced it had raised €1.8m in funding from multiple investors, including the former CEO of Bolloré Logistics, ‘tech stars and business angels’, including the co-founders of PriceMinister and Algolia and the chief of Qapa.
Wakeo’s system alerts clients to delays in shipments via real-time visibility and is interoperable across multiple systems.
Co-founder Loïc Marzin said: “We will leverage this funding to double the team size to respond to the strong demand, while maintaining an outstanding quality of service.
“We will also continue our R&D investments and grow our platform of leading shippers and carriers.”