Kubbo to raise €1 million from THCAP and other investors.

Kubbo, a Barcelona, Spain-based supplier of logistics services for e-commerce businesses, announced that it completed a funding round of €1 million ($1.2M).

The money was raised from local investors from Spain and Portugal led by THCAP and including contributions from the Portuguese fund BYND, Lánzame Capital and angel investor Javier Dolcet. Existing shareholders Itnig and Successful Ventures also participated in the round.

Kubbo, founded in 2019 by Eric Daniel Fernández and Víctor García Pujol, is implementing the model of urban hubs for eCommerce in Spain, helping with Same-Day and Next-Day delivery. The multi-client warehouses help online stores and eCommerce companies to manage and deliver orders, as well as store and manage product inventory and operate returns.

Prior to this round Kubbo raised almost $300k in 2020.