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OneStock Announces $72 Million Investment to Help Brands Unlock Their Full Omnichannel Potential

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OneStock Announces $72 Million Investment to Help Brands Unlock Their Full Omnichannel Potential
News

News

OneStock Announces $72 Million Investment to Help Brands Unlock Their Full Omnichannel Potential

2024-05-21 14:00 Last Updated At:14:11

TOULOUSE, France & LONDON--(BUSINESS WIRE)--May 21, 2024--

OneStock SAS, a leading provider of Order Management Systems (OMS), today announced a $72 million investment from global growth equity investor Summit Partners.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240520891262/en/

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.

Founders Benoit Baccot and Romulus Grigoras, OneStock (Photo: Business Wire)

Founders Benoit Baccot and Romulus Grigoras, OneStock (Photo: Business Wire)

WASHINGTON (AP) — The Supreme Court is headed into its final few weeks with about a third of the cases heard this year still undecided, including ones that could reshape the law on everything from guns to abortion to social media. The justices are also still weighing whether former President Donald Trump is immune from criminal prosecution in the election interference case against him, more than a month after hearing arguments.

The court heard 61 cases this term, and 19 remain unresolved.

Here's a look at some of the major undecided cases:

Donald Trump is arguing that former presidents are immune from prosecution for official acts they took in office and that the indictment he faces on charges of election interference must be dismissed.

The Supreme Court has previously ruled that former presidents can’t be sued in civil cases for what they did in office, but it has never weighed in on criminal immunity.

The timing of the decision may be as important as the outcome. Trump’s trial in Washington, D.C., may not take place before the November election, even if the court rules he is not immune.

A former Pennsylvania police officer is challenging the validity of obstruction charges brought against hundreds of people who took part in the violent assault on the Capitol on Jan. 6, 2021. Trump faces the same charge of obstructing an official proceeding.

The issue is whether a law meant to discourage tampering with documents sought in investigations can be used against the Capitol rioters.

There’s a second abortion case on the docket this year: whether doctors can provide that medical procedure in emergencies in states that banned abortion after the court overturned Roe v. Wade.

In a case out of Idaho, the Biden administration says abortions must be allowed in emergencies where a woman’s health is at serious risk.

The state argues that its strict abortion ban does allow abortions to save a woman’s life, and doesn’t need to expand exceptions for health risks.

The justices are weighing whether to uphold a federal law that seeks to protect domestic violence victims by keeping guns away from the people alleged to have abused them. An appeals court struck down a law that prohibits people under domestic violence restraining orders from possessing firearms. That court found that the law violated the 2nd Amendment right to “keep and bear arms” following the Supreme Court’s 2022 ruling that expanded gun rights and changed how courts are supposed to evaluate gun restrictions.

The most significant Supreme Court case in decades on homelessness centers on whether people can be banned from sleeping outdoors when shelter space is lacking.

A San Francisco-based appeals court decision said that amounts to cruel and unusual punishment.

Leaders from California and across the West say that the ruling makes it harder for them to regulate homeless encampments encroaching on sidewalks and other public places.

Advocates say it would criminalize homelessness just as rising costs have pushed the number of people without a permanent place to live to record levels.

The justices could overturn a 40-year-old decision that has been cited thousands of times in federal court cases and used to uphold regulations on the environment, public health, workplace safety and consumer protections. The decision colloquially known as Chevron calls on judges to defer to federal regulators when the words of a statute are not crystal clear. The decision has long been targeted by conservative and business interests who say Chevron robs judges of their authority and gives too much power to regulators.

Three cases remain unresolved at the intersection of social media and government.

Two cases involve social media laws in Texas and Florida that would limit how Facebook, TikTok, X, YouTube and other social media platforms regulate content posted by their users. While the details vary, both laws aimed to address conservative complaints that the social media companies were liberal-leaning and censored users based on their viewpoints, especially on the political right.

In the third case, Republican-led states are suing the Biden administration over how far the federal government can go to combat controversial social media posts on topics including COVID-19 and election security. A federal appeals court sided with the states in finding that administration officials unconstitutionally coerced the platforms to limit conservative points of view.

The Supreme Court controls the fate of a nationwide settlement with OxyContin maker Purdue Pharma that would allocate billions of dollars to combat the opioid epidemic, but also provide a legal shield for members of the Sackler family who own the company. The settlement has been on hold since last summer after the Supreme Court agreed to weigh in.

Republican-led, energy-producing states and the steel industry want the court to put the Environmental Protection Agency’s air pollution-fighting “good neighbor” plan on hold while legal challenges continue. The plan aims to protect downwind states that receive unwanted air pollution from other states.

Another important regulatory case could strip the SEC of a major tool in fighting securities fraud and have far-reaching effects on other regulatory agencies. The court is being asked to rule that people facing civil fraud complaints have the right to a jury trial in federal court.

Follow the AP's coverage of the U.S. Supreme Court at https://apnews.com/hub/us-supreme-court.

Visitors pose for photographs outside the U.S. Supreme Court Tuesday, June 18, 2024, in Washington. ( AP Photo/Jose Luis Magana)

Visitors pose for photographs outside the U.S. Supreme Court Tuesday, June 18, 2024, in Washington. ( AP Photo/Jose Luis Magana)

Visitors pose for photographs outside the U.S. Supreme Court Tuesday, June 18, 2024, in Washington. ( AP Photo/Jose Luis Magana)

Visitors pose for photographs outside the U.S. Supreme Court Tuesday, June 18, 2024, in Washington. ( AP Photo/Jose Luis Magana)

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