Connect with us

Hi, what are you looking for?

Jewish Business News

Unicorns

Cymbio Raises $20 Million from former Amazon and Shopify Execs

Cymbio

Cymbio Roy Avidor Co-founder & CEO, Gilad Zirkel Co-founder & CTO, Mor Lavi Co-founder & COO

Cymbio, an Israeli startup that offers a marketplace automation platform, has raised $20 million in series B financing led by Corner Ventures with participation from Udi Angel, Vertex Ventures, and Yuval Tal. This round of funding brings the total amount raised by Cymbio to $30 million to date.

Chris North, a former Amazon executive, and Jeff Weiser, who once worked with Shopify, are new investors in Cymbio. If their combined experiences working in online retail count for anything, then their inveting in Cymbio surely says a great deal about the startup’s possibilities.

That figure includes $7 million from a Series A round that Cymbio held this past March. The company is reportedly now estimated to be worth hundreds of millions.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Founded in 2015 by CEO Roy Avidor, Mor Lavi, and Gilad Zirkel, Cymbio provides a platform to brands, such as Steve Madden, Marchesa, Camper, Micro Kickboard, and hundreds of others, that connects them directly to their retail partners, enabling a true “Plug & Sell” reality. The Company’s technology automates all drop ship and marketplace operations for brands with any retailer, including the complete set-up, integrations, onboarding and daily management of streamlined product data, imagery, mapping, taxonomy, inventory syncing, orders, billing, tracking, returns, reports and more.

“Cymbio is laser-focused on serving brands, enabling sales growth while relieving manual, error-prone, and time-consuming processes,” said Avidor, the startup’s CEO.

“We are humbled and excited to work with so many trailblazing operators and visionaries, and together join our mission of creating a connected commerce world,” he added. “This next stage allows us to continue innovating and supporting brands’ growth with additional product offerings, expanding partnerships and our global footprint.”

Throughout 2020, Cymbio experienced rapid growth, increasing its customer headcount 12X, with brands of all sizes, from small to enterprise brands, in fashion, apparel, footwear, home, beauty, cosmetics, jewelry, kids, toys and more. Using Cymbio, customers cut the amount of time it takes to go live on a new marketplace by 91%, have experienced an average digital revenue increase of over 65% and an increase of 47% in average units sold. Cymbio currently supports more than 600 retailers, marketplaces and department stores across the US, Canada, Europe, and APAC.

Newsletter



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

History & Archeology

A groundbreaking discovery in the Manot Cave in the Western Galilee, Israel has unearthed the earliest evidence in the Levant (and among the world's...