# Cubbit

> Italian deep-tech company building geo-distributed, S3-compatible object storage software for enterprises and cloud service providers.

## Why it is interesting

Cubbit moved from consumer peer-to-peer storage to DS3 Composer, software that lets enterprises and service providers run their own geographically distributed S3-compatible storage. A $12.5M July 2024 investment led by LocalGlobe and ETF Partners supported its European expansion. Named partnerships including Worldstream in the Netherlands show its reseller-led route to market, while actual revenues, margins and contract deployments require independent diligence.

## Profile

- **Latest funding:** Venture financing (series stage not explicitly named by issuer) — $12.5M (July 16, 2024)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** $13M
- **Stage:** other
- **Status:** private
- **Industries:** infra-cloud, deep-tech, cybersecurity, developer-tools
- **Coverage:** full
- **Last updated:** 2026-11-15
- **Latest funding investors:** LocalGlobe, ETF Partners, Verve Ventures, 2100 Ventures, Azimut Digitech Fund, CDP Venture Capital, Primo Ventures

## Key facts

- July 2024: raised $12.5M, led by LocalGlobe and ETF Partners; stage not specified in original announcement.
- July 2021: €7M financing package comprised €3.5M equity, €2.4M convertible notes and €1.1M debt; do not mislabel all €7M as priced equity.
- March 2026: Worldstream partnership across three Netherlands data centres, initially 1 PB; capacity is not evidence of paid storage utilisation.
- Company reports $25M overall raised and 400+ organisations served; independent verification and funding-component reconciliation remain open.

## Funding history

- Venture financing (series stage not explicitly named by issuer) · $12.5M · July 16, 2024
  Source: https://blog.cubbit.io/cubbit-round/
- Mixed financing package (not equity-only) · €7M total (€3.5M equity + €2.4M convertible notes + €1.1M debt) · July 7, 2021
  Source: https://blog.cubbit.io/eu7m-raised-for-cubbit-the-distributed-secure-privacy-first-and-green-cloud-provider/

## Investors in our directory

- https://venturecapitaltracker.com/fund/localglobe

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** November 15, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/cubbit