Summit Partners has invested $72 million in OneStock, an order management system (OMS) provider located in Toulouse, France.
Summit Partners Vice President Nik Ohri is set to become a member of the OneStock Board of Directors.
Use of funds
The business plans to utilize the money to speed up product development across a range of categories, including B2B, AI, and circular economy efforts, as well as to continue expanding internationally, especially into the US market.
Major corporate clients from a variety of verticals, including luxury products, auto parts, pet food, furniture, conventional B2C shops, franchiser networks, and B2B commerce, have widely adopted the product. OneStock is now used by over 100 global brands and merchants in 25 countries, and the platform processes over €2.5 billion in orders yearly. Yves Rocher, WHSmith, Intersport, ManoMano, and S. Oliver are among the clients.
About OneStock
OneStock is an order management platform that helps retailers and brands negotiate the complexities of the omnichannel environment and improve the entire customer experience. It was founded in 2015 by CEO Romulus Grigoras and CTO Benoit Baccot. The cloud-native solution offered by the organization offers a centralized platform for managing order fulfillment and visibility from beginning to finish. Clients may maximize sales prospects, improve fulfillment alternatives, optimize order orchestration, establish new omnichannel capabilities, manage refunds, and analyze company performance with a single view of inventory across all stock locations.
