Fenwick & West advised Skubana on the deal.
Skubana, the world’s first commerce operations platform with a built-in app store, integrates with the world’s leading commerce platforms, point of sale systems, and third-party warehouses. By unifying fragmented pointed apps, the operations platform provides multi-channel, SKU-level reporting to brands to easily track their profitability with every single fee, including shipping fees. Brands who run their operations on Skubana, such as Bird Rides, Valvoline, and Death Wish Coffee, are reporting higher profitability, less overselling, and more automation.
The round was led by Defy Partners and backed by Advancit Capital and FJ Labs.
With these funds, Skubana plans to significantly expand over the coming months, adding a slew of portfolio products to address the complex business needs of modern retail. The funds will also be allocated towards growing Skubana’s app store ecosystem to expand the platform’s functionality and reach. The ultimate goal is to redefine the traditional ERP software model and demonstrate how easy it is for brands to manage new sales channels and fulfillment centers without significant investments in new staff.
The Fenwick transaction team was led by corporate lawyers Jonathan Sagot (Picture), Feihong Xu, Yashreeka Huq and Shajee Rizvi and Technology Transactions Partner Vejay Lalla.
Law Firms: Fenwick & West LLP;
Clients: Skubana, LLC.;