- Cymbio is a startup based in Tel Aviv.
- The company raises $7 million in Series A funding.
- CEO Roy Avidor with Mor Lavi and Gilad Zirkel founded Cymbio.
- The new funding was led by Vertex Ventures, with participation from Indian Investments.
Cymbio accelerates digital sales for brands with its end-to-end drop ship and marketplace automation platform. It unifies and connects data streams between brands & their retailers to capitalize on sales opportunities. Cymbio’s platform allows brands to boost sales across their retail partners while gaining control over merchandising, pricing, and visibility. Retailers embrace Cymbio as it enables them to offer consumers a wider product selection with no extra inventory risk. The Tel Aviv, Tel Aviv, Israel-based company was founded in 2015 by Gilad Zirkel, Roy Avidor, and Mor Lavi.
Cambio a Tl Aviv-based startup with brand retailer connectivity.
Cymbio is a startup based in Tel Aviv focused on what it calls brand-to-retailer connectivity. It announced today that it has raised $ 7 million in Series A funding. CEO Roy Avidor, who founded the company with More Lavi and Guild Jirkel, told me that the platform is designed to help sell their products on any e-commerce marketplace they want. It allows the brand to fulfill orders using drop shipping — so the brand stores and ships the products, rather than the marketplace, getting access to customer names and addresses in the process.
While adding a new market may usually require a cost-benefit analysis. Avigdor said that Cymbie turns the process into a “no brainer” with instant integration. That’s because the platform automatically handles all the differences between marketplaces, whether that involves the taxonomy of the product pages or the background color of the product images, as well as inventory syncing, tracking, and returns.
The Series A will allow it to expand its sales and marketing team of the cymbal.
The company says the Series A will allow it to expand its sales and marketing team while continuing to develop the product — on the product front. Avidor said the team is working on “a no-code integration where anyone can connect to anything quickly, no developers needed.”
The new funding was led by Vertex Ventures, with participation from Indian Investments, Payoneer founder Yuval Tal and Sapiens co-founder Ron Zuckerman. Cymbals“Technology will change the game for brands selling online, which will become cumbersome in the long run.
The company says its customer numbers have increased 12-fold and now include Steve Madden, Marchesa, Tourist, and Micro Kickboard. The company also says that it reduces launch time to 91% in the new market, increasing digital revenue by 65% for the average customer.
