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Cymbio Welcomes PayPal Ventures as an Investor

Cymbio Welcomes PayPal Ventures as an Investor

The announcement comes just months after the company's Series B funding round

Israel-based Cymbio has announced that it has welcomed PayPal Ventures as its latest investor. The latter is the venture capital arm of PayPal, the world’s most widely-used online payment processing platform.

The news of PayPal Ventures coming onboard as Cymbio's latest investor comes just months after the company closed its Series B round.This investment will be used by Cymbioto accelerate its digital sales growth by connecting them to a global retail ecosystem.

“Cymbio shares our ambition to support businesses of all sizes in expanding their digital commerce operations. Multi-channel selling is one of the most effective ways for brands and merchants to reach more consumers and increase sales,” said Phil Valka, Senior Director, PayPal Ventures. “We’re excited to invest in an innovative solution that solves customers’ pain points around data integrations, thereby unlocking further growth opportunities.”

Founded in 2014, Cymbio supports over 800 retailers, marketplaces, department stores and boutiques (such as Nordstrom, Kohl’s, Macy's, Farfetch, Urban Outfitters) and serves hundreds of brands, including Steve Madden, Marchesa, Camper and more. 


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