Cubbo, an e-commerce fulfillment platform for Latin America, has just closed a $4M Seed Round, led by San Francisco-based SV Latam Capital. Other investors include Bragiel Brothers, BluInvest and a group of angel investors.
The company is headquartered in Bogotá, but began its fulfillment operations in Mexico earlier this year. The use of the proceeds will be used to further develop Mexican operations and launch operations this month in Colombia.
We talked to Brian York, Co-founder and CEO of Cubbo, who explained the idea came from wanting to transform city spaces in Latin America. They found an abandoned warehouse in Mexico City and prepared the space to become their first fulfilment center.
Most of Cubbo’s customers already sell through Amazon and Mercado Libre, but Cubbo manages their direct-to-consumer inventory. However, their unique value proposition lies in being able to fulfill orders up to 5 p.m. and still be able to deliver within Mexico City on the same day. Amazon and Mercado Libre already offer same day delivery, but they have to receive orders early in the day, as their warehouses are outside the city.
To be able to accomplish this and keep low costs, Cubbo only handles non-perishable products, no larger than a shoe box, like cosmetics, and they have partnered with companies like 99 Minutos for last-mile deliveries.
Who is behind Cubbo? Brian York, Co-Founder and CEO, Josu Gurtubay Co-Founder & COO and Ignasi Vegas, VP of Engineering.