Summit Partners leads investment to accelerate
company’s international expansion and support continued product
leadership in the OMS category
OneStock SAS, a leading provider of Order Management Systems
(OMS), today announced a $72 million investment from global growth
equity investor Summit Partners.
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the full release here:
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Founders Benoit Baccot and Romulus
Grigoras, OneStock (Photo: Business Wire)
OneStock was founded in 2015 by CEO, Romulus Grigoras, and CTO,
Benoit Baccot, to help retailers and brands navigate the increasing
complexity of the omnichannel landscape and enhance overall
customer experience. The company’s cloud-native solution provides a
centralised platform designed to manage end-to-end order
fulfillment and visibility and empower retailers to offer a
seamless ‘buy anywhere, deliver anywhere, return anywhere’
experience to customers.
"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,” commented Mr. Grigoras.
“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.”
Offering a highly compelling customer ROI and a feature-rich,
user-centric solution, OneStock has experienced robust, profitable
growth in recent years, achieving a 2.5-fold increase in recurring
revenue since 2021. The company has seen widespread adoption
amongst major enterprise customers across diverse verticals,
ranging from luxury goods to car parts, pet food to furniture, and
from traditional B2C retailers to franchiser networks and B2B
commerce. Today, more than 100 international retailers and brands
across 25 countries leverage OneStock, with the platform
facilitating over €2.5 billion in orders annually. OneStock
customers include Yves Rocher, WHSmith, Intersport, ManoMano, and
S.Oliver.
“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,”
comments Steffan Peyer, a Managing Director at Summit Partners who
will join the OneStock Board of Directors.
This new funding will be used to fuel OneStock’s continued
international expansion, particularly into the U.S. market, and to
help accelerate the company’s vision for a retail landscape where
order management is seamless and easy. 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. The company aims to become the easiest-to-integrate
OMS in the market by expanding its partner relationships, by
extending the comprehensive range of integrations offered in the
OneStock Extensions Portal and by soon opening its platform to
external agencies and customers seeking to develop additional
extensions for particular use cases and verticals. In addition, the
company plans to accelerate product development in a number of
areas, including B2B, AI and circular economy initiatives.
“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,”
said Nik Ohri, a Vice President at Summit Partners who will also
join the OneStock Board of Directors.
“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
OneStock is Europe’s market-leading distributed order management
system provider. We help retailers unlock their full omnichannel
potential and power some of the world’s most convenient shopping
experiences. Our cloud-native SaaS solution improves operational
efficiency, increases online revenue and enhances customer
experience.
A single view of inventory across all stock locations enables
our clients to maximise sales opportunities, enhance fulfilment
options, optimise order orchestration, create new omnichannel
capabilities, seamlessly manage returns and analyse business
performance. OneStock is a proud member of the MACH Alliance and
provides best-of-breed solutions for many brands, including: Pets
at Home, Jigsaw, Hackett, The Perfume Shop, Dune and Moss. For more
information, visit onestock-retail.com.
About Summit Partners
Founded in 1984, Summit Partners is a global alternative
investment firm with capital dedicated to growth equity, fixed
income, and public equity opportunities. Summit invests across
growth sectors of the economy and has invested in more than 550
companies in technology, healthcare, and other growth industries.
Notable investments in the retail technology and marketing
technology sectors include RELEX, Akeneo, Klaviyo, Optimove, Later
and Mi9 Retail. Summit maintains offices in North America and
Europe and invests in companies around the world. For more
information, please see www.summitpartners.com or Follow on
LinkedIn.
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Susan Barr sbarr@summitpartners.com