Cymbio, a Tel Aviv, Israel-based marketplace and drop ship automation platform, received an investment from PayPal Ventures, the venture capital arm of PayPal, the global payments company.
The amount of the deal – which comes just months after Cymbio closed a $20M Series B – was not disclosed.
The investment from PayPal Ventures will allow the company to continue to invest in growth and expand capabilities to serve clients, including a financial services offering for the hundreds of brands on its platform slated for Q2 2022.
Co-founded by Roy Avidor, Mor Lavi and Gilad Zirkel, Cymbio provides a marketplace and drop ship automation platform enabling scalable retail connections to 800+ marketplaces, retailers, and widely used ecommerce solutions worldwide.
The platform is compatible with many different systems and protocols used by retailers and marketplaces, and automates all drop ship and marketplace operations, including integration, set-up, and day-to-day management of the full relationship between brands and retailers.
It 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 Farfetch, Kohl’s, Macy’s, Dillard’s, Saks, Urban Outfitters, Kroger, Walmart, Zappos and more.
FinSMEs
27/03/2022