Toulouse-based OneStock, a provider of Order Management Systems (OMS), announced that it has secured $72M (approximately €66.28M) in fresh funding from global growth equity investor Summit Partners.
The funds will help the French startup accelerate its international expansion and support continued product leadership in the OMS category.
Steffan Peyer, an MD at Summit Partners who will join the OneStock Board of Directors, says, “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.”
Additionally, Nik Ohri, a VP at Summit Partners, will also join the OneStock Board of Directors.
OneStock’s Distributed Order Management solution
Founded in 2015 by Romulus Grigoras and Benoit Baccot, OneStock helps stores and brands handle the complex world of shopping both online and in stores.
The company’s cloud-based platform helps manage orders end-to-end, making it easier for retailers to let customers buy, receive, and return items anywhere. This aims to improve the overall shopping experience.
A single view of inventory across all stock locations allows OneStock’s clients to maximise sales opportunities, improve fulfillment options, optimise order processes, develop new omnichannel features, manage returns, and analyse business performance effectively.
OneStock claims to have witnessed significant growth, with a 2.5-fold increase in recurring revenue since 2021. The platform is used by major companies across various industries, including luxury goods, car parts, pet food, furniture, B2C, and B2B markets.
Over 100 international retailers and brands in 25 countries use OneStock, processing over €2.5B in orders annually. Customers include Yves Rocher, WHSmith, Intersport, ManoMano, and S.Oliver.
Capital utilisation
The funds will help OneStock support its international expansion, especially into the US market, and advance its goal of making order management seamless.
OneStock is an Adobe Gold Partner, a MACH-certified OMS provider, and the first OMS integrated with Shopify.
The company aims to become the “easiest-to-integrate” OMS by expanding partner relationships, increasing the range of integrations in the OneStock Extensions Portal, and opening its platform to external agencies and customers to develop additional extensions for specific use cases and verticals.
Additionally, OneStock plans to enhance product development in areas like B2B, AI, and circular economy initiatives.
Co-founder Grigoras, says, “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.”
Brief about Summit Partners
Founded in 1984, Summit Partners is a global investment firm focusing on growth equity, fixed income, and public equity. It invests in various growth sectors, including technology and healthcare, and has invested in over 550 companies.
Notable investments in retail and marketing technology include RELEX, Akeneo, Klaviyo, Optimove, Later, and Mi9 Retail. Summit Partners has offices in North America and Europe and invests worldwide.
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