OneStock Raises $72 Million to Expand Order Management System
OneStock has raised $72 million to fuel the international expansion of its order management system (OMS).
With this investment from global growth equity investor Summit Partners, the company will especially focus on the U.S. market, OneStock said in a Tuesday (May 21) blog post.
“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,” Romulus Grigoras, CEO and co-founder of OneStock, said in the release.
Grigoras and Chief Technology Officer Benoît Baccot founded OneStock in 2015 to help retailers and brands enhance their omnichannel offerings and overall customer satisfaction, according to the release.
OneStock’s cloud-native, centralized platform manages order fulfillment and visibility and enables retailers to offer their customers a “buy anywhere, deliver anywhere, return anywhere” experience, the release said.
Today, the OneStock platform is used by more than 100 international retailers and brands in 25 countries and facilitates over 2.5 billion euros (about $2.7 billion) in orders annually, per the release.
Steffan Peyer, a managing director at Summit Partners who will join the OneStock board of directors, said in the release that OneStock has developed “the most intuitive, scalable and differentiated cloud-native OMS solutions.”
“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,” Peyer said.
In another recent development in this space, Cart.com said in February that it now offers its order management software solution as a standalone product.
Cart.com’s Constellation Order Management System (OMS), which was previously available only as part of the company’s unified commerce and logistics solutions, allows merchants to unify orders and inventory across multiple channels.
In February, Gooten debuted a specialized order management platform designed to help retailers lower their inventory risk and overhead, optimize order routing and improve customer satisfaction and loyalty metrics.
Gooten’s OrderMesh platform allows brands to optimize for speed of product delivery, cost and fulfillment standards.
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