THANK YOU FOR SUBSCRIBING
Cymbio provides a platform to brands such as Steve Madden, Marchesa, Camper, Micro Kickboard, and hundreds of others, connecting them directly to their retail partners, enabling a true "Plug & Sell" reality.
Fremont, CA: Cymbio, the leader in brand-to-retailer connectivity, announced that it has raised $7 million in Series A round of financing led by Vertex Ventures, with the participation of Yuval Tal (founder of Payoneer) and existing investors Udian Investments and Ron Zuckerman. The funds will be used to expand Cymbio's global footprint across R&D, sales, and marketing.
Cymbio '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.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
With brands and retailers using different systems and processes, brand-to-retailer connectivity's integrations and operations have always been a struggle and a significant bottleneck for increasing sales channels. Each retailer requires unique specifications, which creates lengthy integrations, tedious manual work on product content, imagery, and processes. With Cymbio, one quick connection instantly enables brands to start selling through a global retail ecosystem of hundreds of marketplaces and retailers.
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 percent, have experienced an average digital revenue increase of over 65 percent and an increase of 47 percent in average units sold. Cymbio currently supports more than 600 retailers, marketplaces, and department stores across the US, Canada, Europe, and APAC.
"Cymbio is all about empowering brands and helping them grow. Our ability to connect with all systems and protocols supports brands with the needed speed to go live with multiple retailers, and our automation platform enables brands to support marketplace and dropship operations at scale," said CEO Roy Avidor (who co-founded Cymbio with Mor Lavi and Gilad Zirkel). "The growth that we have seen over the last year hints at the market need for a platform such as ours, and we are going to double-down on our efforts to help brands of all sizes reach their customers wherever they are."
More in News