Cymbio receives investment from PayPal Ventures

CymbioPayPal Ventures has invested in Drop Ship Automation Platform, a Tel Aviv, Israel-based platform for drop shipping and a marketplace. The amount of the deal — which comes just months after Cymbio closed a $20M Series B — was not disclosed. PayPal Ventures has invested to allow the company continue to grow and expand its capabilities. The company will also be able to offer financial services to the hundreds of brands listed on its platform in Q2 2022. Co-founded by Roy Avidor, Mor Lavi and Gilad Zirkel, Cymbio provides a marketplace and drop ship automation platform enabling scalable retail connections to 800+ marketplaces, retailers, and widely used ecommerce solutions worldwide. The platform can be integrated with many systems and protocols used in marketplaces and retailers. It automates drop ship operations and marketplace management, as well as set-up and daily management of all relationships between retailers and brands. It acts as the technology bridge between brands such as New Balance, Authentic Brands Group, Steve Madden, Marchesa, Camper, Micro Kickboard, and thousands of retailers, marketplaces, department stores, and boutiques, such as Farfetch, Kohl’s, Macy’s, Dillard’s, Saks, Urban Outfitters, Kroger, Walmart, Zappos and more.