OMS specialist OneStock scores $72 million investment for international expansion with particular focus on US market

OneStock, a provider of order management systems (OMS), has announced a $72 million investment from Summit Partners.

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 fulfilment and visibility and enable retailers to offer a ‘buy anywhere, deliver anywhere, return anywhere’ experience to customers.

"Since the beginning, we have 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,” comments 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.”

More than 100 international retailers and brands across 25 countries currently leverage OneStock, with the platform facilitating over €2.5 billion in orders annually. 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 fulfilment, we believe a modern OMS has become a critical part of the retail supply chain,” comments Steffan Peyer, a Managing Director at Summit Partners who will join the OneStock Board of Directors.

“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.”

This new funding will be used to fuel international expansion, particularly into the US market, and to help accelerate the company’s vision for a retail landscape where order management is seamless and easy.

OneStock is an Adobe Gold Partner, a MACH certified OMS provider in the MACH Alliance, and the first OMS with an official integration with Shopify.

The company says that it is aiming 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, it 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,” says 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,”

Grigoras adds: “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 us achieve this fantastic milestone.”

“We remain committed to supporting the success of our customers as we continue to shape the future of retail.”

2023 RTIH INNOVATION AWARDS

OneStock emerged victorious at the 2023 RTIH Innovation Awards, picking up the Technology Vendor of the Year (UK) gong.

Our judging panel were impressed by its distributed order management solution, helping companies drive revenue, streamline operations and improve customer satisfaction.

Our 2023 winners were revealed at a fantastic awards ceremony, which took place at the Barbican Centre in central London.

The event was held on Wednesday, 29th November, maintaining its popular evening format, with a drinks reception in the stunning Conservatory, followed by a Christmas themed three course meal, and awards ceremony in the Garden Room.

Check out the full winners list here.

The 2024 RTIH Innovation Awards are now open for entries. Click here for further information.