Retail Operations Platform Skubana Raises $5.4 Million in Funding
Skubana, the New York based startup that has built the world’s first commerce operations platform with its own app store, announced today that it raised $5.4 million in Series A funding.
The round was led by Defy Partners, with backing from Advancit Capital and FJ Labs. The company plans to expand rapidly over the coming months, add new products to help today’s retail clients, and grow its app store ecosystem.
“We are very excited about this funding round, as we could not have asked for better partners,” said Skubana Co-founder and CEO Chad Rubin, in a statement. “Closing this round is a testament to the work of our whole team, the quality of our customer service, and our innovative software. Our business has grown immensely over the past two years, and the capital raised will allow us to serve even more customers.”
Skubana’s SaaS based software powers client fulfillment, inventory and business intelligence. Users can connect and import orders from every sales channel, including online shopping carts, marketplaces, retailers, and point of sale systems. Skubana lets clients view, manage, and synchronize their entire inventory across all sales mediums, warehouses, dropshippers and other retail sources.
Hundreds of companies use Skubana’s software including retail heavyweights like Amazon, WalMart, Jet, eBay and ShopifyPlus.
Brian Lee has been added to Skubana’s board of directors. Lee is an early investor in the startup who cofounded The Honest Company, LegalZoom and launched ShoeDazzle.
“Through the companies I have either co-founded, or invested in, Skubana will have amazing reach into eCommerce companies globally,” said Lee. “BAM Ventures (of which I am a Co-Founder), has invested into over 100 e-commerce companies, which will bring a wealth of potential partnerships. When I first launched Shoedazzle and The Honest Company, one of our primary challenges was understanding how our products performed across channels. Skubana solves a core problem that thousands of brands face and no other competitor solves well.”
Skubana was launched in 2016.