Cymbio, a Tel Aviv, Israel – based brand-centric, marketplace and drop ship automation platform, raised $20m in Series B financing.
The round was led by Corner Ventures, with participation from existing investors Udi Angel, Vertex Ventures, Yuval Tal (founder of Payoneer) and new investors Chris North (ex-Amazon MD) and Jeff Weiser (ex-Shopify CMO).
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO Roy Avidor, Cymbio provides a digital commerce enablement platform for brands to manage marketplaces, drop ship, boutiques, retail set-up, onboarding, and daily management of all operational needs. Additionally, the technology automates all drop ship and marketplace operations from commercially connecting with retailers and marketplaces to integration, set-up and day-to-day management of the complete operations between brands and retailers.
The company acts as the technology bridge between brands such as New Balance, Authentic Brands Group, Steve Madden, Marchesa, Camper, Micro Kickboard, and thousands of retailers, marketplaces, department stores, and boutiques (such as Nordstrom, Kohl’s, Macy’s, Farfetch, Urban Outfitters, Kroger, Walmart, Zappos).
FinSMEs
18/11/2021