Kubbo, supplier of fulfillment solutions and Next-Day and Same-Day deliveries for eCommerce, announces the closing of its first funding round for a total amount of 266.000 euros. This round has been leaded by a group of investors headed by Aurorial, the Venture Capital fund of PcComponentes, the informatics and electronics eCommerce.
The Catalan startup has several urban hubs to provide its services and is planning to open 6 new hubs in different Spanish capitals during the upcoming months. Increasing their presence at a national level is one of the main goals of Kubbo for the current year, with the objective of extending their operations to other EU countries in 2021.
Urban hubs for eCommerce
Founded in 2019 by Eric Daniel Fernández and Víctor García Pujol, Kubbo is implementing in Spain the urban hubs model for eCommerce.
To do so, Kubbo is deploying and operating a network of urban fulfillment centers strategically located in top tier city centers in Spain, where eCommerce can place their stock closer to their customers. In these multiclient fulfillment centers, Kubbo is responsible for order fulfillment for online stores as well as providing Next-Day, Same-Day and less than 2 hours deliveries.
Kubbo offers an integration technology with main eCommerce platforms as well as a web application to manage all operations from a single point, allowing their customers to monitor and control inventory levels and the status of the orders managed by Kubbo at any time. This feature allows eCommerce to focus on their core business and scale faster while offering an outstanding delivery experience to their customers.
Upcoming hub openings in the national territory
The first capital injection by Aurorial is the result of Kubbo being one of the two awarded projectson the first edition of the PcComponentes Startup Booster acceleration program. In addition to Aurorial, which is linked to this eCommerce portal specialized in informatics, electronics and electrodomestic products, other Venture Capital funds as Itnig (Future One), Successful Ventures and several Business Angels took also part in the funding round.
Funds acquired in this first round will allow the startup to open new locations, scaletheir product, technology &sales and operations teams, as well as adding new featuresand widening their current services offering.