OneStock funding news – Toulouse-based OneStock Secures €66 Million in Funding
May 21, 2024 | By Team SR
OneStock, a leading provider of Order Management Systems (OMS), secures €66 million in funding from global growth equity investor Summit Partners.
SUMMARY
- OneStock, a leading provider of Order Management Systems (OMS), secures €66 million in funding
This new funding will be utilised to facilitate OneStock's ongoing international expansion, with a particular emphasis on the United States market, and to expedite the company's vision of a retail environment that is both seamless and user-friendly.
OneStock is a proud Adobe Gold Partner, one of the select few MACH-certified OMS providers in the MACH Alliance, and the first OMS with an official integration with Shopify.
By expanding its partner relationships, extending the comprehensive range of integrations offered in the OneStock Extensions Portal, and soon opening its platform to external agencies and customers seeking to develop additional extensions for particular use cases and verticals, the company aims to become the easiest-to-integrate OMS in the market.
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Furthermore, the organisation intends to expedite product development in numerous domains, such as circular economy initiatives, artificial intelligence, and business-to-business (B2B).
Mr. Grigoras said, “Since the beginning, OneStock has been dedicated to creating smarter and more sustainable shopping experiences, and our partnership with Summit marks a thrilling new chapter in our journey, reaffirming our long-term commitment to innovation and growth in the retail technology space, With Summit’s support and the benefit of their deep experience in the retail technology sector, we’re poised to accelerate our growth even further. Our clear ambition is to emerge as the number one global leader in the OMS category.”
OneStock has achieved a 2.5-fold increase in recurring revenue since 2021, demonstrating its ability to generate a highly compelling customer ROI and provide a feature-rich, user-centric solution. In recent years, the company has experienced robust, profitable growth.
The company has experienced widespread adoption among significant enterprise customers in a variety of verticals, including luxury goods, car parts, pet food, and furniture, as well as traditional B2C retailers, franchiser networks, and B2B commerce.
Steffan Peyer, a Managing Director at Summit Partners who will join the OneStock Board of Directors said, “With the proliferation of online and offline sales channels and consumers’ ever-increasing expectations for instant product availability and fulfillment, we believe a modern OMS has become a critical part of the retail supply chain. In our view, OneStock has developed the most intuitive, scalable and differentiated cloud-native OMS solutions, purpose-built to help brands and retailers to plan better, grow faster, sell more and waste less,”.
Nik Ohri, a Vice President at Summit Partners who will also join the OneStock Board of Directors said, “OneStock is known in the retail market for having an impressive track record of innovation, including what we believe are pioneering features such as gamification as part of its Ship from Store product, its advanced Business Intelligence Suite, and one of the most sophisticated Delivery Promise solutions in the industry, We are thrilled to partner with this highly experienced team, and we look forward to working with Romulus and Benoit to help accelerate their vision and expand the reach of OneStock’s impact globally,”
Mr. Grigoras added: “I want to extend my heartfelt thanks to the entire OneStock team and all of our partners and customers, whose hard work and collaboration have been instrumental in helping OneStock achieve this fantastic milestone. We remain committed to supporting the success of our customers as we continue to shape the future of retail!”
About OneStock
In 2015, CEO Romulus Grigoras and CTO Benoit Baccot established OneStock with the objective of assisting retailers and brands in navigating the omnichannel landscape and improving the overall consumer experience. The company's cloud-native solution offers a centralised platform that is specifically designed to manage end-to-end order fulfilment and visibility, thereby enabling retailers to offer a seamless "buy anywhere, deliver anywhere, return anywhere" experience to consumers.