Observed Signal · May 21, 2024 · Funding · Source: Tech.eu · Impact: 3/5 · Sentiment: Positive
OneStock Raises $72M from Summit Partners for Omnichannel Retail
Toulouse-based OneStock, a provider of cloud-native order management systems (OMS), announced a $72 million investment from global growth equity firm Summit Partners. Founded in 2015 by CEO Romulus Grigoras and CTO Benoit Baccot, OneStock helps retailers and brands manage omnichannel order fulfillment, offering a 'buy anywhere, deliver anywhere, return anywhere' experience. The company has seen a 2.5-fold increase in recurring revenue since 2021 and counts major enterprise customers across various verticals. The funding will fuel OneStock's international expansion, particularly into the US market. Summit Partners' Managing Director Steffan Peyer will join OneStock's Board of Directors, citing the growing importance of modern OMS in the retail supply chain.
Significant growth equity funding for a leading OMS provider underscores the importance of omnichannel fulfillment infrastructure in retail, which is closely linked to e-commerce and retail media ecosystems.
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Key Takeaways & Evidence Grounding
- OneStock raised $72 million from Summit Partners.
- OneStock provides a cloud-native order management system (OMS) platform for omnichannel retail.
- The company was founded in 2015 by CEO Romulus Grigoras and CTO Benoit Baccot.
- OneStock has achieved a 2.5-fold increase in recurring revenue since 2021.
- The funding will support international expansion, especially into the US market.
Connected Companies & Entities
1 Entity mapped“from global growth equity investor Summit Partners...”
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