The e-commerce logistics startup Kubbo has closed an investment round of one million euros, led by Telegraph Hill Capital (THCAP), a fund based in Barcelona. The Portuguese fund BYND, Lánzame Capital and the investor Javier Dolcet also participated in the round, along with some of the firm's current partners, such as Iting and Successful Ventures.
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The emerging company, specialized in offering fast order preparation and shipping services, expects to expand its workforce, increase its presence in major Spanish cities and continue developing its logistics management software, as well as expanding its network of strategic partners nationally and internationally.
THCAP partner, Varun Dalal, points out that Kubbo can establish itself as an indispensable partner for e-commerce. "The growth of e-commerce has accelerated globally with the irruption of covid. This poses logistical challenges for fast deliveries, returns management and customer satisfaction that many online businesses will have to solve. We are convinced that Kubbo will help overcome these challenges so that brands and retailers can focus on what really matters to them: selling and building customer loyalty," he explains.
The company's founders, Eric Daniel and Víctor García, highlight how Kubbo has positioned itself as one of the most innovative logistics companies in Spain: "Our technology and service were very necessary, and we notice it in the great adoption we are having from brands and e-commerce companies."
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