Cubbo operates a fulfillment and logistics platform that handles picking and same-day delivery of non-perishable items smaller than a shoebox, charging to fill postal-service gaps across Latin America. The startup empowers global brands to sell directly to consumers in the region and currently serves markets in Brazil, Colombia and Mexico, with plans to begin operations in Chile. It will use the new capital to expand physical capacity (including a planned 3,000 m2 warehouse in São Paulo and a 2,000 m2 site in Rio de Janeiro) and to grow local engineering, sales and operations teams. The company plans additional warehouse expansion in Colombian cities such as Bogotá, Barranquilla, Cali and Medellín, and to bolster engineering and sales in Mexico. Leadership expects the round to enable a threefold (300%) increase in gross revenue in the region by the end of 2022, and forecasts Brazil’s share of revenue to rise from about 10% to 30–40%. The CEO, Brian York, said 60% of the new capital will be deployed in Brazil, 30% in Colombia and 10% in Mexico to support that expansion. Cubbo provides urban e-commerce fulfillment services focused on non-perishable, shoebox-sized items such as cosmetics, consumer electronics and apparel, handling pick, pack and bundling while outsourcing last-mile delivery to partners. The company launched in Mexico earlier this year and began operations in Colombia this month, and it converted an abandoned Mexico City space into an urban fulfillment center. Cubbo can accept orders as late as 5 p.m. for same-day delivery within Mexico City, a service the founders say competitors struggle to match because their warehouses are outside the city. The startup grew to a team of 16 in Mexico and three in Colombia in a short period and plans to use new funding to round out its leadership. It reported its largest orders-per-day peak in November—about 600% higher than previous months—and expects to double revenue by the end of the year. Management plans to continue building out Mexican and Colombian operations, launch in Brazil, and raise a Series A early next year while targeting cash-flow positivity by Q2 2022.

Total raised

$4M

Funding rounds

2

Latest round

Seed

Latest activity

Nov 2021