Stockagile raises €2.5m to connect offline and online retail worlds
Stockagile has raised €2.5 million in a funding round led by Nauta Capital, 4Founders Capital, Angels, and Zone2Boost.
The Barcelona-based firm offers a cloud-based platform that enables inventory and sales management across all sales channels – bricks and mortar, online and marketplaces.
It will use the cash to enhance the platform’s offering and customer sales, as well as launch a new sales and marketing strategy.
Miquel Subirats, Co-founder and CEO at Stockagile, says: "The future of retail lies in agile ways of working, optimisation and automation.”
“SMEs need to sell as much as possible with limited resources in order to survive; they can only achieve this through digitalisation.”
“Stockagile digitalises processes and connects the different sales channels using the latest technology to help retailers earn more. We aim to reach a point where many of the retail processes are automated – from deciding price points to placing orders with suppliers.”
Jordi Viñas of Nauta Capital says: “According to market research, it is expected that by 2040 in-store and online sales volumes will be similar, nowadays the split is closer to 20/80 respectively.”
“Companies, such as Stockagile, that connect the offline and online worlds within the retail industry have experienced a boom following the pandemic and we believe this trend will continue, making them a vital part of retail’s future.”
Marc Castilblanco, Principal at 4Founders Capital, flags up "the rapid growth rate that retail technology that helps digitalise and improve inventory management has had.”
“After a year as investors, we pushed another round of funding given the high potential of the project and because we believe that Miquel and Joan (Subirats, Co-founder) can make Stockagile the go to solution in inventory management for the retail industry.”
